Tag Archives: vedanta

Union minister Smriti Irani launches Vedanta’s Telemedicine Program

Union minister for women, child development & textiles Smriti Zubin Irani inaugurated Vedanta Nand Ghar’s telemedicine programme, an initiative making healthcare accessible to rural India, in partnership with DocOnline, Centre for Health Research and Innovation (CHRI) and Dhanush infotech, the … Continue reading

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JSW Steel, Vedanta vie for Usha Martin’s specialty steel business

MUMBAI: JSW Steel and Vedanta have expressed an interest to acquire the specialty steel business of Usha Martin , a sale fetching a maximum of ?5,000 crore that will help the Kolkata-based company pare its debt, two people aware of … Continue reading

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NCLT advances Essar Steel hearing to Tuesday

MUMBAI: The National Company Law Tribunal has advanced the hearing on Essar Steel dispute to Tuesday, March 27, from April 4 as the ruling needs to be pronounced before the second round of binding bids takes place. SSG Capital, Numetal, … Continue reading

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Tata, Vedanta unlikely to join fresh round of bidding for Essar Steel

KOLKATA: Essar Steel’s insolvency resolution process is poised at a crucial juncture with fresh bids likely to be invited for the steel company, but the Tata and Vedanta groups are unlikely to join the bidding fray. ET had reported that … Continue reading

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Vedanta appoints woman CEO for Africa operations

KOLKATA: Vedanta Resources has appointed Deshnee Naidoo, as Chief Executive Officer – Africa Base Metals. In her new role, Ms Naidoo will combine the leadership of Konkola Copper Mines (KCM), in Zambia, and Vedanta Zinc International (VZI), in South Africa … Continue reading

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Vedanta acquires management control of Electrosteel Steels

Metal and mining giant Vedanta has acquired the management control of debt-laden Electrosteel Steels. In March, Vedanta was declared as successful resolution applicant by the committee of creditors (CoC) for Electrosteel Steels under the Corporate Insolvency Resolution Process of the … Continue reading

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NCLAT admits Renaissance Steel plea against Vedanta bid on Electrosteel

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) today admitted the petition of Renaissance Steel challenging Vedanta ‘s bid for debt ridden Electrosteel. A two member bench of the tribunal headed by Chairman Justice S J Mukhopadhaya admitted the … Continue reading

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Last date for Bhushan Power & Steel bids extended

KOLKATA|MUMBAI: The last date for submitting bids for debt-laden Bhushan Power & Steel has been extended by 10 days to February 8 to consider some ‘encouraging’ offers, the Committee of Creditors decided on Saturday. The committee wants to assess the … Continue reading

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Renaissance Steel asks NCLAT to declare Tata Steel’s bid for Electrosteel ‘ineligible’

Renaissance Steel has approached the National Company Law Appellate Tribunal (NCLAT) requesting to declare “ineligible” the Tata Steel ‘s bid for the debt-ridden Electrosteel Steels under the Insolvency and Bankruptcy Code. An NCLAT bench headed by Chairman Justice S J … Continue reading

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NCLAT to hear Essar Steel lenders plea on May 30

The National Company Law Appellate Tribunal (NCLAT) has agreed to lenders plea to expedite the hearing of Essar Steel and has according schedule the case on May 30 – which is at least seven weeks ahead of original date. On … Continue reading

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