Corporate Analysis – ArcelorMittal Steel.

After a long, gruelling insolvency process extending over 2½ years, ArcelorMittal, along with its JV partner, Nippon Steel, has gained management control of Essar Steel. The takeover also marks the entry of the company, promoted by Indian born, Mr Lakshmi Mittal, into India after failing in its organic attempts over a decade ago. Here is … Continue reading Corporate Analysis – ArcelorMittal Steel.
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The Year That Was – Corporate & Industry

Corporate sector saw many important developments during the year. A large number of them involved downfall of a company/ its promoter but an important success, ArcelorMittal getting control of Essar Steel after a long and hard-fought battle and entry into the Indian market. Major companies/ promoters to see their decline are Reliance ADAG, ZEE media, … Continue reading The Year That Was – Corporate & Industry
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Essar Steel Insolvency – An Unending Saga..!

The Supreme Court’s decision last week setting aside the ruling of NCLAT (National Company Law Appellate Tribunal) should bring a finality to this high profile insolvency case. The insolvency process of Essar Steel  has generated lot of attention and has been through lot of uncertainty. So much as to prompt the SBI chairman to pray for … Continue reading Essar Steel Insolvency – An Unending Saga..!
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Corporate Governance – Where is India Inc Headed??

India Inc is facing crisis of confidence with unraveling of cases of frauds committed by the top management in the recent past. The latest in the list is allegations of siphoning of funds by the ex-chairman of CG Power, banned by SEBI from capital market yesterday. Cases are not restricted to willful default where lenders’ … Continue reading Corporate Governance – Where is India Inc Headed??
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RIL’s Evolving Strategy – Aramco Deal and Beyond

The deal between RIL and Saudi Aramco announced last week is part of several de-leveraging measures being undertaken by RIL and the biggest of all. For Aramco, it is an attempt to de-risk its business against the uncertain dynamics of oil market. Here is a brief attempt to understand this deal and other measures being … Continue reading RIL’s Evolving Strategy – Aramco Deal and Beyond
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Tata Steel – Understanding the Strategic Realignment

The decision to call-off the joint venture with ThyssenKrupp is quite a setback for Tata Steel trying to reduce its global exposure. Yet, it is an interesting phase for the company with series of developments reflecting the strategy shift. The focus is shifting back to domestic production in contrasts with the global expansion undertaken during … Continue reading Tata Steel – Understanding the Strategic Realignment
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