Uttam Galva Steels

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  NuMetal A "Shell Company", Can't Bid For Essar Steel, Says ArcelorMittal

  Steel and mining firm ArcelorMittal tells the Supreme Court that its rival bidder NuMetal was not eligible to bid for Essar Steel on several grounds, including that it was a "shell company".

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  ArcelorMittal To Sell Entire Stake In Uttam Galva To Make Way For New Steel Bids

  The sale could free ArcelorMittal, the world's biggest steelmaker, to bid for other Indian steel assets which are being auctioned off as part of insolvency proceedings.

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  Uttam Galva Steels Hits Upper Circuit Amid High Volumes

  Including today's gains the stock has rallied for the fourth straight day. In last four trading sessions the stock has jumped nearly 29 per cent.

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  Promoters of Defaulting Firms Face Grilling After Mallya Debacle

  After the hue and cry over Kingfisher Airlines promoter Vijay Mallya leaving the country, bankers are raising the heat on promoters of other defaulting firms.

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  Uttam Galva Steels Posts Loss of Rs 425 Crore in Q3

  Uttam Galva Steels on Friday reported a standalone net loss of Rs 424.50 crore for the December quarter on the back of a rise in finance cost and a jump in overall expenses.

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  Uttam Galva Steels Q2 Net Profit Falls 67%

  Galvanized steel manufacturer Uttam Galva Steels on Friday reported 66.8 per cent decline in its standalone net profit at Rs 2.03 crore for the quarter ended September 30 on the back of higher expenses.

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  Posco, Uttam Galva Arm to Set Up Steel Plant in Maharashtra

  The proposed joint venture plans to set up the steel plant in two phases and take advantage of an expected surge in steel demand in India.

• Shree Uttam Steel merger with Uttam Galva gets fair trade regulator nod

  The "proposed combination is not likely to have an appreciable adverse effect on competition in India", CCI said in its order made public today.

• Uttam Galva Steels Q2 net down 49 per cent at Rs 5.69 crore

  Uttam Galva Steels on Wednesday reported a 49 per cent decline in net profit at Rs 5.69 crore for the quarter ended September 30, as its sales were down significantly in this period.

• Posco, Uttam Galva in talks to set up 3 million-tonne per annum steel plant

  South Korean steel major Posco has initiated talks with Uttam Galva Steels to set up a three million-tonne per annum facility in Maharashtra with an estimated Rs 16,000 crore investment, a source said.

• Lloyds Steel renamed as Uttam Value Steels

  After acquiring majority stake in Lloyds Steel, Uttam Galva on Tuesday said it has got necessary approvals to rename the entity as Uttam Value Steels.

• Lloyds Steel to be renamed Uttam Value Steels

  Loss-making Lloyds Steel, in which Uttam Galva group had acquired 58.35 per cent stake in December, has decided to rename itself as Uttam Value Steels and has sought shareholders approval for the same.

• Uttam Galva acquires Lloyds Steel, to invest Rs 380 cr more

  Uttam Galva group has acquired majority stake of about 58.35 per cent in ailing Lloyds Steel and plans to invest additional Rs 380 crore in the steelmaker to turnaround the company.

• Orissa approves investments worth Rs 26,000 cr

  "The High Level Clearance Authority (HLCA) chaired by Chief Minister Naveen Patnaik approved six projects involving investment of Rs 26,076.89 crore. A total of 4,303 people will get direct employment in the projects," Chief Secretary B K Patnaik said.

• Uttam Galva to focus on profits, no plan for acquisitions: Deputy MD

  Uttam Galva Steel to focus on profitability and not on acquisitions, says Ankit Miglani, deputy MD.