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Monday, March 16, 2026
TopicArceloreMittal

Topic: ArceloreMittal

Morgan Stanley sees hope for Indian banks after SC cleared Essar Steel purchase

SC ruling allowing ArcelorMittal’s purchase of Essar Steel puts banks in better position to get money back from insolvent companies, Morgan Stanley says.

Supreme Court clears way for ArcelorMittal to acquire Essar Steel

The Supreme Court allowed ArcelorMittal to complete its acquisition of Essar Steel India Ltd. by setting aside NCLAT’s order that gave secured and unsecured creditors equal right over sale proceeds.

ArcelorMittal plans to bid for Essar power plant in MP along with Resurgent

Arcelor and Resurgent have held preliminary talks on a potential joint bid for the 1,200-megawatt Essar power plant in Madhya Pradesh.

Lakshmi Mittal on the verge of getting control of Essar Steel and entering India

ArcelorMittal will now begin final negotiations with creditors of Essar Steel under India’s bankruptcy laws.

ArcelorMittal heads to court in battle over India’s steel market

Billionaire Lakshmi Mittal’s ArcelorMittal will challenge the eligibility of the VTB-led Numetal Ltd. group in bidding for Essar Steel India Ltd. 

On Camera

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