Usha Martin

Stock of this iron & steel products company zoomed 50% in one month

The stock price of Usha Martin surged 8% to Rs 198.75 on the BSE in the intra-day trade on Wednesday after 5.64 million equity shares had changed hands till 2:00 PM

Usha Martin surges 13% on heavy volumes; stock nears record high

The counter saw combined trading volumes of nearly 3 million shares on the BSE and NSE in morning trades so far.

Usha Martin zooms 54% in 4 weeks; stock trades at over 14-year high

The stock traded at its highest level since January 2008; the stock had hit a record high of Rs 154 on January 4, 2008.

Prashant Jhawar resigns as non-executive director of Usha Martin

Alleges several illegalities and non-compliance of the provisions of law by the directors and management in running the company

ED attaches Usha Martin assets worth Rs 190 cr over illegal iron ore sales

Mineral sold was meant for firm's captive use; attached properties pertain to Usha Martin's wire rope business, mines were transferred earlier to Tata Steel as part of steel biz sold

Tussle at Usha Martin sees Basant Kumar Jhawar's ouster from board

The two factions at the apex of Usha Martin's, of Basant-Prashant Jhawar and Brij-Rajeev Jhawar, have been at odds with each other for a while

Usha Martin MD Rajeev Jhawar under ED scanner for FEMA violations: Sources

They registered his statement under FEMA in connection with the purchase and registration of an immovable asset in Singapore in 2013 and a few other overseas transactions

Usha Martin-Tata Steel deal: Basant-Prashant Jhawar may sell majority stake

Basant and Prashant Jhawar had been pressing for the sale of the entire company, even while discussion with Tata Steel was on for transfer of the steel business

Usha Martin gets nod from 99.99% shareholders for steel biz sale to Tatas

A special resolution in this regard was passed with requisite majority at Usha Martin Limited's extraordinary general meeting

Usha Martin hopes to close the sale of steel business to Tata in 3 months

At June end, Usha Martin's debt stood at Rs 47 billion. The residual debt on the Usha Martin balance sheet would be just working capital of Rs 3-4 billion

Basant, Prashant Jhawar to vote in favour of Usha Martin sale to Tata Steel

Days after the Tata Steel deal, Basant and Prashant Jhawar had raised concerns about the utilisation of funds from the sale

Usha Martin to seek shareholders' approval for sale of steel biz to Tatas

The approval will be sought through special business in the extraordinary general meeting next month

Usha Martin management proposes escrow on steel biz sale proceeds

Putting sales proceeds in such deals is a standard mechanism but not the only mechanism, industry experts said

Usha Martin buy to improve Tata Steel's product portfolio, says S&P report

Tata Steel has a disproportionate skew towards flat steel products now while Usha Martin has an integrated steel-making business with predominantly long steel products which get better margins

Usha Martin deal expected to be positive for Tata Steel's earnings growth

Margins of acquired assets should improve; gains not at the cost of high leverage

Basant-Prashant Jhawar faction opposed Tata Steel-Usha Martin deal

Informed sources said the resolution would be finally placed before the shareholders for approval

Usha Martin rallies after bidders express interest in buying co's steel biz

The five - JSW Steel, Tata Steel, Liberty House, Kalyani and Vedanta - have signed non-disclosure agreements (NDAs) in this regard, while they do their due-diligence.

From JSW to Liberty House, five bidders for Usha Martin's steel business

Usha Martin has a one-million tonne a year unit at Jamshedpur

JSW, Liberty House and Tata likely to bid for Usha Martin steel business

Bids are expected to be invited this month

Usha Martin aims to sell its steel business by FY19 to pare debt

Sources said at least five companies have evinced interest to buy the steel assets