ArcelorMittal Nippon Steel India (AM/NS India) has acquired a captive power plant of Essar Steel, Essar Power Orissa Limited (EPORL), under the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest (Sarfaesi) Act. The acquisition of EPORL was completed on Saturday. The move is yet another effort to make AM/NS India’s operations self-reliant. Last year, AM/NS acquired Bhander power plant, a natural gas-based thermal plant at Hazira, with an installed capacity of 500 Mw through a bidding process from Edelweiss Asset Reconstruction Company. All put, the total consideration for the two plants – Bhander and EPORL – is in the range of Rs 1,000 crore. AM/NS said that the acquisition resulted in a recovery of about 85 per cent for the lenders. EPORL was acquired from SBI and Edelweiss.
ArcelorMittal Nippon Steel India has acquired Essar Power Orissa, another captive power plant of Essar Steel through the Securitisation and Reconstruction of Financial Assets and Enforcement of Securi
Press release content from Wired Release. The AP news staff was not involved in its creation.
Electrical Steel Market Comprehensive Research Analysis Report in Market Industry | POSCO and ArcelorMittal S.A.
January 29, 2021 GMT
Pune, Maharashtra, India, January 29 2021 (Wiredrelease) MarketResearch.Biz :Electrical Steel Market 2021 Overview:
The report provides quantitative and qualitative information on the global Electrical Steel market for the period of 2021 to 2030. Given the debilitating effect of COVID-19 (Coronavirus) on the Electrical Steel market, groups are vying for opportunities to stay afloat inside the market landscape. Gain access to our present-day research analysis on COVID-19 related to the Electrical Steel market and understand how market vendors are adopting new strategies to alleviatethe impactof the pandemic.
Press release content from Wired Release. The AP news staff was not involved in its creation.
Automotive Metal Market : Special and Wide Application Area to Propel Demand till 2030 | ArcelorMittal and POSCO
January 30, 2021 GMT
Pune, Maharashtra, India, January 30 2021 (Wiredrelease) MarketResearch.Biz :Automotive Metal Market 2021 Overview:
The report provides quantitative and qualitative information on the global Automotive Metal market for the period of 2021 to 2030. Given the debilitating effect of COVID-19 (Coronavirus) on the Automotive Metal market, groups are vying for opportunities to stay afloat inside the market landscape. Gain access to our present-day research analysis on COVID-19 related to the Automotive Metal market and understand how market vendors are adopting new strategies to alleviatethe impactof the pandemic.