Liberty House submits bid for Bhushan Power

Mumbai: UK-based Liberty House has become a last minute entrant in the race to acquire Bhushan Power and Steel Ltd, according to two people aware of the matter. The firm submitted a sealed bid to the resolution professional of the beleaguered power firm on Tuesday evening, pitting it against Tata Steel Ltd and JSW Steel Ltd. […]

Tata Steel profit boosts war chest for asset buys

Tata Steel Ltd said third-quarter earnings jumped more than fivefold, replenishing the company’s coffers as it plans to double production capacity in India and bid for ailing mills under a government-ordered programme. The Mumbai-based steelmaker’s profit rose to Rs1,290 crore for the three months through December, from Rs243 crore a year earlier, according to a […]