NCLAT asks Tata Steel if it will pay dues of Bhushan Steel
Bhushan Steel owed its lenders about Rs 56,000 crore and was among the 12 big loan defaulters identified by the Reserve Bank of India last year to undergo insolvency under the new bankruptcy law.
May 30, 2018, 14:31 PM IST
NCLAT issues notice to Bhushan Steel RP, CoC on L&T's plea; makes Tata Steel party
NCLAT also impleaded Tata Steel, whose bid for the debt ridden firm has been approved, as party over L&T plea seeking to recover Rs 900 crore.
May 22, 2018, 13:53 PM IST
NCLAT declines to stay Bhushan Steel sale to Tata Steel, issues notices
The bench directed the matter to be listed on May 30 and asked the parties to file their replies in a week.
May 21, 2018, 14:48 PM IST
Bhushan Steel's buyout to reduce PSB NPAs by Rs 35,000 crore
Last week, Finance Minister Piyush Goyal had tweeted that the acquisition was a "historic breakthrough in resolving legacy issues of banks".
May 21, 2018, 12:10 PM IST
Tata Steel will absorb all employees of Bhushan Steel: TV Narendran
Tata Steel does not have any delisting plan of the Bhushan steel and it will continue as it is at least for next 2-3 years.
May 18, 2018, 10:02 AM IST
NCLAT to hear Bhushan Steel promoter's plea against Tata Steel takeover
Singal has sought a stay on the National Company Law Tribunal (NCLT) order approving Tata Steel's bid for the debt-ridden Bhushan Steel under corporate insolvency resolution process.
May 17, 2018, 12:23 PM IST
Tata Steel Q4 net profit at Rs 14,688 crore
It had clocked a net loss of Rs 1,168.02 crore in the same quarter last year.
May 17, 2018, 11:59 AM IST
NCLT approves Tata Steel bid for Bhushan Steel
The tribunal also dismissed a plea filed by the employees of Bhushan Steel opposing Tata Steel's bid and imposed a fine of Rs 1 lakh.
May 15, 2018, 12:07 PM IST
NCLT asks Bhushan Steel CoC to consider Liberty House bid
Bhushan Power and Steel owes about Rs 45,000 crore to its lender.
Apr 23, 2018, 12:03 PM IST
Tata Steel wins bid to acquire debt-laden Bhushan Steel
Tata Steel said it has accepted the letter of intent (LoI) for BSL under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code 2016 (IBC).
Mar 23, 2018, 11:46 AM IST
Piramal to join JSW, JFE Steel in bid for Bhushan Steel
Tata Steel, JSW Steel, and Vedanta are other players that have shown interest in Bhushan Steel.
Jan 25, 2018, 14:28 PM IST
ArcelorMittal, Tata Steel evince interest in Bhushan Steel
According to the information on Bhushan Steel Ltd website, the company is the 3rd largest secondary steel producer in the country with an existing steel production capacity of 5.6 million ton per annum.
Nov 16, 2017, 22:03 PM IST
Govt notifies changes in Banking Regulation Act
The banking sector is saddled with non-performing assets (NPAs) of over Rs 8 lakh crore, of which Rs 6 lakh crore is with public sector banks (PSBs).
Aug 27, 2017, 17:55 PM IST
Cafral study claims positive market response to NPA Ordinance
Since the Ordinance and naming of 12 largest defaulters, the banking index gained over 5 per cent, says the report based on the stock performance between May 4 and June 13.
Aug 25, 2017, 19:37 PM IST
Bhushan Steel's net loss narrows in Q1 to Rs 656.21 crore
Bhushan Steel on Saturday said its standalone net loss has narrowed to Rs 656.21 crore for the quarter ended June 30, 2016.
Sep 10, 2016, 17:17 PM IST
NGT orders closure of Bhushan Steel and Strips Ltd for 4 weeks
The National Green Tribunal has ordered the closure of Bhushan Steel and Strips Limited situated in site -4 industrial area of Sahibabad for 4 weeks declaring it to be a polluting industry.
Dec 12, 2015, 00:20 AM IST
Bhushan Steel shares soar 20% on bourses
Shares of Bhushan Steel on Friday surged 20 percent after the company said the Joint Lenders Forum have approved its plan for a long-term restructuring of the loans.
Jun 05, 2015, 17:37 PM IST
Bhushan Steel's Q4 net loss widens to Rs 360.77 cr
Bhushan Steel Wednesday posted a standalone net loss of Rs 360.77 crore for the fourth quarter ended March 31, 2015.
May 27, 2015, 22:38 PM IST
Bhushan Steel in talks with banks for debt restructuring
Bhushan Steel has said it is in talks with banks for restructuring of debt to the tune of USD 3.7 billion (about Rs 23,000 crore).
Mar 19, 2015, 17:53 PM IST
Banks may extend Bhushan Steel's nearly $6 bn loan
Banks owed nearly $6 billion by Bhushan Steel Ltd could extend the maturity of the steelmaker`s debt under a Reserve Bank of India scheme that would spare the lenders from booking hefty provisions, bankers said.
Mar 18, 2015, 20:34 PM IST
