Tuesday, November 29, 2022
News

Competition Commission clears acquisition of Essar Group assets by ArcelorMittal Nippon Steel India

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Friday, 2022 1:15:09 AM IST
The Competition Commission of India on Thursday approved acquisition of assets of Essar Group by ArcelorMittal Nippon Steel India Ltd.

The proposed combination involves the acquisition of power assets namely Essar Power Hazira Ltd and Gandhar Hazira Transmission Ltd, port assets like Hazira Cargo Terminals Ltd, Ibrox Aviation & Trading Private Ltd, Essar Bulk Terminal Ltd, Essar Bulk Terminal Paradip Ltd and Essar Vizag Terminals Ltd, as well as other assets.

These other assets include Snow White Agencies Private Ltd and Bhagwat Steel Ltd. All these assets belong to Essar Group and are to be acquired by ArcelorMittal Nippon Steel India Ltd, which is a joint venture between ArcelorMittal S A and its affiliates and Nippon Steel Corporation, Japan.

--IANS ans/vd

( 137 Words)

2022-09-29-19:04:02 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Dailyhunt & Josh parent firm VerSe Innov...
Foreign investors turn net buyers in Ind...
Rationalising income tax, lowering Custo...
Nirmala Sitharaman concludes pre-Budget ...
WhatsApp denies 500 mn users' data leak...
IndiGo commences operations from Itanaga...
More...
 
INDIA WORLD ASIA
Manipal University 'terrorist row': Prof...
Cash for ticket case: Delhi Court grants...
Complaints lodged in Raj for projecting ...
'Maha Governor planning to quit is only ...
India-France Defence Dialogue to strengt...
Frequent intrusions in human habitats pr...
More...    
 
 Top Stories
Sensex, Nifty touch fresh lifetime ... 
UP: 16 IPS officers get new posting... 
Shraddha murder case: Two sent to j... 
He is fine in terms of knock he had... 
Vivek Agnihotri takes indirect dig ... 
"You should be ashamed": Israeli en... 
Weather is something we cannot cont... 
"Shameful" says Anupam Kher after I...