New Delhi, April 6 Mesabi Metallics Company LLC, a company within the Essar Group, has secured USD 150 million in financing from Macquarie Group to support the planned third-quarter 2026 startup of its Direct Reduction (DR) grade iron ore mine and pellet plant in Minnesota.This latest funding...
commodities
construction
direct reduction iron (dri)
electric arc furnace steel
essargroup
financing
infrastructure project
iron ore mining
iron ore pellets
macquarie group
mesabi metallics
mining investment
minnesota
steel production
us steel supply chain
New Delhi, March 31 Mesabi Metallics Company LLC, backed by the Essar Group, has secured a USD 520 million senior secured credit facility from funds managed by Breakwall Capital LP, as it moves forward with starting operations at its Minnesota iron ore project later this year.The financing...
breakwall capital
credit facility
direct reduction iron ore
electric arc furnace
essargroup
export-import bank of the united states
industrial investment
iron ore mining
mesabi metallics company
mining project
minnesota
nashwauk
pellet plant
us steel supply chain
vitol
New Delhi, March 30 Black Box, a digital infrastructure solutions provider and a firm within the Essar Group, announced on Monday that it had raised ₹386.36 crore through the conversion of warrants into equity shares, with promoters contributing ₹200 crore to the total investment.According to...
black box
capital infusion
company growth
corporate finance
digital infrastructure
equity financing
essargroup
financial investment
india
investment
mergers and acquisitions
new delhi
sanjeev verma
shareholding
warrant conversion
New Delhi, February 25 Jatinder Mehra, a veteran of India's steel and metals industry with a career spanning over six decades, died on February 24. He was 86 years old.Mehra was serving as the Vice Chairman of the Metals & Mining Division at Essar Group, where he provided strategic direction...
chairman-cum-managing director
essargroup
executive director
hazira steelmaking capacity
india
industrial projects
jatinder mehra
metals and mining
metals sector
odisha
paradip steel facility
rashtriya ispat nigam limited (rinl)
steel authority of india ltd (sail)
steel industry
strategic direction
New Delhi, February 12 Essar Group's IT arm, Black Box, reported an 11.41 per cent decline in consolidated net profit at ₹49.68 crore in the quarter ended December, primarily due to a one-time provision for the implementation of new labor codes.The Mumbai-headquartered firm registered a net...