"Prime Minister Narendra Modi has given a call for water conservation and has appealed to civil society to come together for Jan Shakti se Jal Shakti campaign.In a letter to Jal Shakti minister Gajendra Singh Shekhawat, Pradhan highlighted the role steel can play in Jal Jeevan Mission, and called for convergence between the two ministries for achieving the objectives of Jal Jeevan Mission.The Ministry of Drinking Water and Sanitation and Ministry of Water Resources and Ganga Rejuvenation have been merged into the Jal Shakti Ministry under the second term of the Modi-led government.

The governments aim is to provide clean and piped drinking water to every household in the country..The government has also identified 1,592 blocks which are critical and overexploited, spread across 256 districts for the Jal Shakti Abhiyan.New Delhi: Steel can play a key role in achieving the objectives of Jal Jeevan Mission, Union minister Dharmendra Pradhan said on Wednesday."The vision of Jal Jeevan Mission is to ensure Har Ghar Jal (potable water to every household) to every rural household by 2024.

The Jal Shakti Ministry has been earmarked Rs 28,261.The Jal Shakti ministry will look at the management of the countrys water resources and supply in an integrated and holistic manner, and will work with states roofing screw to ensure Har Ghar Jal (piped water supply) to all rural households by 2024 under the ministrys Jal Jeevan Mission.59 crore in the budget 2019-20.Announced in the Union Budget, the Jal Jeevan Mission enviغير مجاز مي باشدes to provide potable water to every rural household by 2024.

I have confidence in the leadership of Gajendra Singh Shekhawat to achieve this goal," Pradhan, who also holds portfolio of Petroleum & Natural Gas, said in the letter.He also noted the benefits of uغير مجاز مي باشدe of steel in water sector in terms of reducing leakages and thus contamination, paving way for greater control over water borne diseases.Steel minister Pradhan outlined various properties of the metal like corrosion resistance, greater life span, less replacement غير مجاز مي باشدt etc, which makes it an ideal material for transportation of potable as well as industrial water.

The acquisition more than doubles Libertys global metal manufacturing capacity.Following completion, Liberty House intends to continue investing in the assets which already have many leading-edge facilities, and aims to achieve greater competitiveness through low-carbon production and closer integration with added-value downstream manufacturing. It also makes steel in the USA for the automotive and other sectors. The group has a strong position in the UK as a steel and aluminium supplier.The group further noted that it had worked closely with ArcelorMittal to prepare a transaction that "satisfies the demands of the EU Commission and creates a secure future for these businesses within the GFG Alliance".

New Delhi: Steel and mining major ArcelorMittal on Friday said it has entered into a pact to sell four of its European steel plants to Liberty House.In a statement ArcelorMittal said it "has received a binding offer from Liberty House Group for the acquisition of ArcelorMittal Ostrava (Czech Republic), ArcelorMittal Galati (Romania), ArcelorMittal Skopje (Macedonia) and ArcelorMittal Piombino (Italy). ArcelorMittal further said negotiations were ongoing with parties regarding the sale of other assets - ArcelorMittal Dudelange in Luxembourg, and several finishing lines self drilling screw for metal for sale in Liege, Belgium.

In addition, Liberty and the wider GFG Group, is aiming to develop close working relationships with respective governments, trade unions and other local stakeholders in order to optimise the value of the steel assets for the regional and national economies, the statement noted..Meanwhile, Liberty House, part of Sanjeev Guptas global GFG Alliance, also announced a conditional agreement to buy four European steel plants of ArcelorMittal, that employ more than 12,500 people."The closing of the pact is subject to the completion of the companys acquisition of Ilva.

The four assets are part of a divestment package that ArcelorMittal agreed with the European Commission (EU) related to its acquisition of Ilva SpA (Ilva), it said."At a stroke these acquisitions would almost double the size of our workforce and global production capacity, giving us a strong presence in the heart of Europes key manufacturing regions," Executive chairman of the GFG Alliance Sanjeev Gupta said.

However, NCLATs August 1 order was challenged by Tata Steel before the Supreme Court last week, opposing the revision of the offer. Earlier, on August 1, an NCLAT bench headed by Chairman Justice S J Mukhopadhaya had allowed all three bidders to file revised offers by August 6. NCLAT had also directed the CoC to call all the three bidders, along with operational creditors and suspended board of directors, in the meeting. The NCLAT last month had vacated its stay and asked the CoC to consider resolution plans submitted by three firms -- Tata Steel, Liberty House and JSW Steel. wholesale roofing screw However, JSW Steel revised up its offer from Rs 11,000 crore to Rs 18,000 crore ahead of the CoC meeting.

Earlier on July 17, the NCLAT had stayed the meeting of CoC when they were going to vote for finalisation of the highest bidder (H1) for BPSL.Modifying its earlier order, the appellate tribunal has now said all three bidder -- Tata Steel, Liberty House and JSW -- may file their revised offers by August 13 for Bhushan Power and Steel Ltd (BPSL). Bhushan Power and Steel owes about Rs 45,000 crore to its lenders. According to them, if Committee of Creditors (CoC) take a decision based on the revised offers, then their position may be altered.Following this, NCLAT extended the time line for a week.

New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Monday extended the deadline for submission of revised bids for debt-ridden Bhushan Power and Steel by one week on the plea of Tata Steel, a resolution applicant in this.Tata Steel put in a bid of Rs 17,000 crore.During the proceedings of NCLAT, counsel appearing for Tata Steel submitted that as its appeal against the August 1 order is expected to be heard by the Apex Court on Friday this week and requested to extend the time line for submission of the revised bids.

The tribunal on July 20 gave a go-ahead to the CoC meeting, directing it to finalise a bid for the company. The Tata Group company was picked as the highest bidder for BPSL a day before that on July 31. Bhushan Steel and Power was among the 12 non-performing accounts referred by RBI for NCLT proceedings.

However, NCLATs August 1 order was challenged by Tata Steel before the Supreme Court last week, opposing the revision of the offer. Earlier, on August 1, an NCLAT bench headed by Chairman Justice S J Mukhopadhaya had allowed all three bidders to file revised offers by August 6. NCLAT had also directed the CoC to call all the three bidders, along with operational creditors and suspended board of directors, in the meeting. The NCLAT last month had vacated its stay and asked the CoC to consider resolution plans submitted by three firms -- Tata Steel, Liberty House and JSW Steel. wholesale roofing screw However, JSW Steel revised up its offer from Rs 11,000 crore to Rs 18,000 crore ahead of the CoC meeting.

Earlier on July 17, the NCLAT had stayed the meeting of CoC when they were going to vote for finalisation of the highest bidder (H1) for BPSL.Modifying its earlier order, the appellate tribunal has now said all three bidder -- Tata Steel, Liberty House and JSW -- may file their revised offers by August 13 for Bhushan Power and Steel Ltd (BPSL). Bhushan Power and Steel owes about Rs 45,000 crore to its lenders. According to them, if Committee of Creditors (CoC) take a decision based on the revised offers, then their position may be altered.Following this, NCLAT extended the time line for a week.

New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Monday extended the deadline for submission of revised bids for debt-ridden Bhushan Power and Steel by one week on the plea of Tata Steel, a resolution applicant in this.Tata Steel put in a bid of Rs 17,000 crore.During the proceedings of NCLAT, counsel appearing for Tata Steel submitted that as its appeal against the August 1 order is expected to be heard by the Apex Court on Friday this week and requested to extend the time line for submission of the revised bids.

The tribunal on July 20 gave a go-ahead to the CoC meeting, directing it to finalise a bid for the company. The Tata Group company was picked as the highest bidder for BPSL a day before that on July 31. Bhushan Steel and Power was among the 12 non-performing accounts referred by RBI for NCLT proceedings.

However, NCLATs August 1 order was challenged by Tata Steel before the Supreme Court last week, opposing the revision of the offer. Earlier, on August 1, an NCLAT bench headed by Chairman Justice S J Mukhopadhaya had allowed all three bidders to file revised offers by August 6. NCLAT had also directed the CoC to call all the three bidders, along with operational creditors and suspended board of directors, in the meeting. The NCLAT last month had vacated its stay and asked the CoC to consider resolution plans submitted by three firms -- Tata Steel, Liberty House and JSW Steel. wholesale roofing screw However, JSW Steel revised up its offer from Rs 11,000 crore to Rs 18,000 crore ahead of the CoC meeting.

Earlier on July 17, the NCLAT had stayed the meeting of CoC when they were going to vote for finalisation of the highest bidder (H1) for BPSL.Modifying its earlier order, the appellate tribunal has now said all three bidder -- Tata Steel, Liberty House and JSW -- may file their revised offers by August 13 for Bhushan Power and Steel Ltd (BPSL). Bhushan Power and Steel owes about Rs 45,000 crore to its lenders. According to them, if Committee of Creditors (CoC) take a decision based on the revised offers, then their position may be altered.Following this, NCLAT extended the time line for a week.

New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Monday extended the deadline for submission of revised bids for debt-ridden Bhushan Power and Steel by one week on the plea of Tata Steel, a resolution applicant in this.Tata Steel put in a bid of Rs 17,000 crore.During the proceedings of NCLAT, counsel appearing for Tata Steel submitted that as its appeal against the August 1 order is expected to be heard by the Apex Court on Friday this week and requested to extend the time line for submission of the revised bids.

The tribunal on July 20 gave a go-ahead to the CoC meeting, directing it to finalise a bid for the company. The Tata Group company was picked as the highest bidder for BPSL a day before that on July 31. Bhushan Steel and Power was among the 12 non-performing accounts referred by RBI for NCLT proceedings.

75 lakh crore.New Delhi: Countrys largest lender State Bank of India (SBI) expects financial bidding process for resolution of 12 big stressed accounts to be over by the end of this month, said the banks top official.In August, RBI had asked banks to either resolve these stressed China stainless steel fasteners manufacturers accounts or refer them to NCLT by December 31.The Supreme Court today said it would decide at a later stage the application of RBI seeking its nod to file insolvency proceedings before NCLT against the promoter company Jaiprakash Associate Limited (JAL).

After a case is accepted by NCLT, the creditor gets 30 days to hire insolvency practitioners and then the entire process is to be completed in 180 days which takes into account various possibilities including revival of projects or liquidation.78 lakh crore in March 2015.A bench headed by Chief Justice Dipak Misra also directed amicus curie Pawan Shree Agrawal to set up a portal to take note of the grievances of the home buyers of JAL.. SBI is the lead banker in 6 out of 12 large NPAs with total outstanding loan of Rs 1.

Non-performing Assets (NPAs)of public sector banks have increased to Rs 7."Financial bids of Electrosteel and Monnet Ispat have already come. We hope to receive bids for remaining cases during this month itself," SBI Chairman Rajnish Kumar told PTI.33 lakh crore as of June 2017, from Rs 2. Besides, RBI also came out with 28 large stressed accounts in the second list. IBC has defined a time-frame for the resolution and there is a 14-day time period for admission or rejection of a case by NCLT.Other cases which are pending before the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC) are Essar Steel, Bhushan Steel, Bhushan Power and Steel, Lanco Infra, Alok Industries, Amtek Auto, Era Infra, Jaypee Infratech, ABG Shipyard and Jyoti Structures.

As part of the second list, bankers decided to take all cases but Anrak Aluminium, Jayaswal Neco Industries, Soma Enterprises and Jaiprakash Associates for resolution.RBIs internal advisory committee (IAC) in June identified 12 accounts, each having more than Rs 5,000 crore of outstanding loans and accounting for 25 per cent of total NPAs of banks.The apex court directed realtor JAL to give details of its ongoing housing projects in the entire country while reiterating its direction that its directors shall not alienate their personal properties.