Indian Government stopped Orissa land acquisitions for its proposed...
In a move that threatens to curtail Korean steel giant’s investment in India, the Korean firm, Posco, said the Indian Federal government instructed the Orissa state government to halt land acquisition...
View ArticleJapanese steel firm in another bid for an interest in another Indian firm
Japanese Steel maker Sumitomo Metal Industries is to acquire a stake interest in another Indian firm, after acquiring an interest in Bhushan Steels’ SPV of 6 MT steel plant project in West Bengal....
View ArticleAmtek Auto Limited acquires 10% stake in Garima Buildporp Private Limited
Amtek Auto Ltd Monday acquired 10 per cent stake in Garima Buildporp Pvt Ltd. Garima Buildporp Pvt Ltd is the holding firm of OCL Iron and Steel Ltd. The deal is expected to enable Amtek Auto to source...
View ArticleSesa Goa Limited purchases assets of Bellary Steel & Alloys Limited
Sesa Goa Limited (SGL) has purchased the assets of the upcoming Steel Plant Unit of Bellary Steel & Alloys Limited (BSAL). The investment is for an all cash consideration of Rs 220.00 Crore. BSAL’s...
View ArticleConcast Group acquires SPS Steel And Power Limited for Rs.800 crore
According to the Business Standard, Kolkata-based Concast Group has acquired SPS Group’s Jharsuguda-based steel plant – SPS Steel And Power Limited for Rs.800 crore. Concast reportedly paid Rs.125...
View ArticleNLMK seeks expansion overseas with acquisition of India’s National...
NLMK, one of the world’s leading steel companies, today announced the acquisition of the National Laminations group, an electrical steel service center in India, for a total consideration of US$8...
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