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Adhunik Metaliks: Adhunik group company gets new life ...

Mar 12, 2018  MUMBAI: The National Company Law Tribunal has dismissed an Odhisa order that had sought the stoppage of mining activity at Orissa Manganese Minerals, giving a fresh lease of life to the Adhunik group company that faces Rs 5,400 crore in unpaid debt claims at the insolvency court. The latest court order will help the bankrupt company obtain higher valuations from potential buyers.

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Adhunik group to divest up to 26% in Orissa Manganese and ...

KOLKATA: The Rs 5,000-crore Adhunik group, with interests in mining, special automotive steels and power, has decided to divest up to 26% stake in group company Orissa Manganese and Minerals Ltd to a strategic partner to pare its debt burden by bringing in fresh equity.The group is in talks with a clutch of Japanese and Chinese OEMs (original equipment manufacturers) in the automotive sector ...

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NCLT Cuttack orders liquidation of Adhunik Metaliks, group ...

Jul 08, 2019  The bankruptcy proceedings against Adhunik Metaliks, its subsidiary Orissa Manganese Minerals (OMML), and group company Zion Steel were admitted by the Kolkata bench of

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Orissa Manganese Minerals Limited: Latest News Videos ...

Jan 30, 2018  Lenders accept misra sons’ bid for Orissa Manganese 01 May, 2018, 09.33 AM IST. The others are Zion Steel, Adhunik Metalliks and Adhunik Alloy Power. Ghanashyam Misra will retain debt of Rs 150 crore in the mining unit and Rs 400 crore in the pellet division.

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Liberty falters, suitors line up for Adhunik Metaliks ...

Mar 15, 2019  Edelweiss ARC is the only one which had bid for Orissa Manganese and Minerals, another company of the Adhunik group that is facing insolvency resolution. “The lenders and RP are informally engaging with some strategic players as well as ARCs that have shown interest, but nothing can be taken forward as long as Liberty House is in the game ...

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Edelweiss ARC, Srei arm among bidders for Adhunik Group ...

Jan 23, 2018  Bankruptcy proceedings against Adhunik Metaliks, the flagship of the Adhunik Group, its subsidiary Orissa Manganese Minerals and group companies Zion Steel and Adhunik Alloys

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Adhunik Steels Ltd. v. Orissa Manganese And Minerals (P ...

Adhunik Steels Ltd. v. Orissa Manganese And Minerals (P) Ltd. . P.K Balasubramanyan, J.— These cross-appeals by special leave challenge the order passed by the High Court of Orissa in an appeal under Section 37(1)(a) of the Arbitration and Conciliation Act, 1996.

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Adhunik Group of Industries

Created Date: 7/30/2015 6:07:52 PM

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Deepak Singh v. Orissa Manganese and Minerals Ltd. anr ...

Apr 23, 2019  44. According to Appellant- Mr. Deepak Singh, he has joined Adhunik group of Industries, the holding company of Orissa Manganese and Minerals Ltd. as the President- Group Head HR in E5 Grade with effect from the date effective from 2nd June, 2014 to 9th March, 2015 at the CTC of Rs. 55,00,000/- per annum. 45.

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The Orissa Minerals Development Company ... - Bird Group

The Orissa Minerals Development Company Limited (OMDC) was incorporated on 16th August, 1918 .The Orissa Minerals Development Company Limited was one of the Specified Companies of Bird Co. Ltd. Bird Company Ltd came under control of Government of India after enactment of Bird Company Ltd.(Acquisition and Transfer of Undertaking and Other Properties ) Act, 1980 (67 of 1980).

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Adhunik Metaliks: NCLT gives extension to Adhunik ...

KOLKATA: The Kolkata chapter of India’s dedicated bankruptcy courts has given a 90-day extension to three companies of the Adhunik Group after the clock ran out for the natural-resources conglomerate to reach a resolution on Rs 5,000 crore of outstanding debt. Adhunik Metaliks, Zion Steel, and Orissa Manganese and Minerals

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Adhunik Metaliks: Adhunik Metaliks debt plan may get a ...

The 270-day resolution deadline in bankruptcy proceedings also applies to Adhunik Group companies Orissa Manganese Minerals and Zion Steel. The insolvency petition had been filed by State Bank of India (SBI) against the four companies of Adhunik group for a combined loan default estimated at Rs 5,000 crore. The bank had also claimed dues from Zion Steel, as it was a co-obligator to the loans ...

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NCLAT stays liquidation order against Adhunik Metaliks ...

Jul 22, 2019  The bankruptcy proceedings against Adhunik Metaliks, its subsidiary Orissa Manganese Minerals (OMML), and group company Zion Steel were admitted by the Kolkata bench of

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Edelweiss ARC, Srei arm among bidders for Adhunik Group ...

Jan 23, 2018  Bankruptcy proceedings against Adhunik Metaliks, the flagship of the Adhunik Group, its subsidiary Orissa Manganese Minerals and group companies Zion Steel and Adhunik Alloys

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Adhunik Metaliks: NCLT keeps issue of additional time open ...

May 12, 2018  Related News. AEPC urges govt to put restrictions on cotton yarn exports ... Bankruptcy proceedings against Adhunik Metaliks (AML), its subsidiary Orissa Manganese Minerals (OMML), and Adhunik ...

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Adhunik Metaliks may head for liquidation as resolution ...

Apr 28, 2018  Bankruptcy proceedings against Adhunik Metaliks, its subsidiary Orissa Manganese Minerals and group companies Zion Steel and Adhunik Alloys Power, were admitted by the Kolkata bench of NCLT in ...

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Adhunik Metaliks RP seeks additional 20 days to consider ...

May 02, 2018  Bankruptcy proceedings against Adhunik Metaliks, its subsidiary Orissa Manganese Minerals and Adhunik Group companies Zion Steel and Adhunik Alloys Power, were admitted by the Kolkata bench of ...

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Adhunik Metaliks’ arm commences operations from Suleipat ...

Dec 26, 2011  Adhunik Metaliks’ 100% subsidiary - Orissa Manganese Minerals (OMML) has commenced mining excavation as well as the dispatches from the Suleipat iron ore mine pursuant to receipt of working permission. ... Adhunik Metaliks is the flagship company of the Kolkata-based Adhunik Group of Industries and is engaged in manufacturing of wide range ...

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How Adhunik Metaliks landed up in bankruptcy court - The ...

Aug 04, 2017  Adhunik Metaliks reported a net loss of Rs 1,480 crore in 2016-17 on Rs 1,221 crore in revenues. The firm’s consolidated gross debt stood at Rs 4,682 crore. Related News

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Bhagwati Power top bidder for Adhunik Alloy - Times of India

May 18, 2018  Besides AAPL, some other assets of Adhunik Group, too, have also gone to NCLT that include Adhunik Metaliks and Orissa Manganese and Minerals. Facebook Twitter Linkedin EMail Start a

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Adhunik pellet plant to start from Oct 24 Ranchi News ...

Oct 22, 2011  The 1.2 MTPA plant, built in record time by Orissa Manganese and Minerals Ltd, a subsidiary unit of Adhunik Group, is set up with an investment of Rs 500 crores.

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Adhunik Metaliks Latest Breaking News on Adhunik ...

Adhunik Metaliks has reported a sales turnover of Rs 596.48 crore and a net profit of Rs 17.45 crore for the quarter ended Dec '13 Feb 12, 2014 08:27 AM IST Stocks in news: Tata Steel, SKS, United ...

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Mayukh - - Asst. Manager, Supply Chain (Procurement ...

Orissa Manganese Minerals Ltd. (subsidiary of Adhunik Group of Industries) 12 years Asst. Manager, Supply Chain (Procurement, Logistics Export) Orissa Manganese Minerals Ltd. (subsidiary of Adhunik Group of Industries) Mar 2012 - Present 9 years 1 month. ... A Real-Time Provider of Latest News Around the World. Angul. Akash Kumar.

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Empowered group approves debt restructuring plan for ...

Jan 24, 2018  Adhunik Metaliks Ltd has informed the stock exchanges that the CDR Empowered Group has sanctioned a composite debt restructuring plan. It also said the debt restructuring would extend to Orissa Mangan

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Adhunik to float mining arm, raise Rs1,000 crore

The Agarwals of Adhunik Group are planning to raise close to Rs1,000 crore of equity capital through an initial public offering (IPO) of shares in the group’s merchant mining arm Orissa Manganese Minerals Ltd and equity dilution in unlisted power arm Adhunik Power and Natural Resources Ltd as well as listed entity Adhunik Metaliks Ltd, according to sources in the know.

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NCLAT stays liquidation order against Adhunik Metaliks ...

Jul 22, 2019  The bankruptcy proceedings against Adhunik Metaliks, its subsidiary Orissa Manganese Minerals (OMML), and group company Zion Steel were admitted by the Kolkata bench of

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Adhunik Metaliks may head for liquidation as resolution ...

Apr 28, 2018  Bankruptcy proceedings against Adhunik Metaliks, its subsidiary Orissa Manganese Minerals and group companies Zion Steel and Adhunik Alloys Power, were admitted by the Kolkata bench of NCLT in ...

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Adhunik Metaliks: NCLT keeps issue of additional time open ...

May 12, 2018  Related News. AEPC urges govt to put restrictions on cotton yarn exports ... Bankruptcy proceedings against Adhunik Metaliks (AML), its subsidiary Orissa Manganese Minerals (OMML), and Adhunik ...

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Adhunik Group plans backward integration

The Kolkata-based Adhunik Group is planning to undertake mining of iron ore and manganese ore, with a view to achieving backward integration of its main business -- steel manufacturing. The company has reportedly received mining lease of over 688 acres of iron ore mines in Jharkhand and over 350 hectares of manganese ore mines in Orissa.

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State turns cash screw on mining leases - Telegraph India

Ranchi, Oct. 13: The state mines department has broken its enigmatic silence over renewing second and subsequent leases of iron ore mines of SAIL, Tata Steel and Adhunik Group’s Orissa Manganese Minerals by setting a condition that industry circles are terming thinly veiled financial arm-twisting. According to the October 9 notice on the state’s terms and conditions placed before the ...

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Adhunik Metaliks Latest Breaking News on Adhunik ...

Adhunik Metaliks has reported a sales turnover of Rs 596.48 crore and a net profit of Rs 17.45 crore for the quarter ended Dec '13 Feb 12, 2014 08:27 AM IST Stocks in news: Tata Steel, SKS, United ...

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Empowered group approves debt restructuring plan for ...

Jan 24, 2018  Adhunik Metaliks Ltd has informed the stock exchanges that the CDR Empowered Group has sanctioned a composite debt restructuring plan. It also said the debt restructuring would extend to Orissa Mangan

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JSPL, two others hit coal gold - Telegraph India

While JSPL was expected to produce 2.5 million tonne coal annually, Orissa Manganese Minerals Limited would produce 0.8 million tonne. AMR Coastal was expected to produce around 0.3 million tonne coal a year. The development of the coal blocks, allocated to

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Mr. Manoj Kumar Agarwal, Managing Director, Adhunik ...

Adhunik Metaliks Ltd (AML) is a Rs8bn flagship company of the Kolkata-based Adhunik Group of Industries incorporated as Neepaz Metaliks Pvt Ltd in the year 2001. The current market cap of the ...

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Adhunik Metaliks commences dispatches from captive iron ...

Jun 15, 2012  Adhunik Metaliks commences dispatches from captive iron ire mines The Company is already operating Ghatkuri Iron ore mine through its 100% subsidiary Orissa Manganese Minerals Ltd (OMML) which ...

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Adhunik Metaliks Latest News - MoneyWorks4ME

Adhunik Metaliks Latest News. 05. Mar, 2015. ... Orissa Manganese Minerals (OMML) is operating two iron ore mines in the State of Jharkhand and Orissa. Read More. 15. May, 2014. Adhunik Metaliks submits a copy of Limited Review . ... Related Adhunik Metaliks Links: Adhunik Metaliks Analysis ...

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Adhunik Metaliks Latest News - MoneyWorks4ME

Adhunik Metaliks shines as its arm gets extension of lease for three manganese ore mines Adhunik Metaliks is currently trading at Rs. 18.80, up by 3.10 points or 19.75% from its previous closing of Rs. 15.70 on the BSE.

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Adhunik Metaliks Director Report - Business Standard News

The Board of Directors of Orissa Manganese Minerals Limited (OMML) at theirmeeting held on 12 th May 2017 has issued and allotted 132110000 fully paid-upequity shares pursuant to conversion of 132110000 0.01% Cumulative CompulsorilyConvertible Non-Cumulative Preference shares and consequent to the said allotment theholding of Adhunik Metaliks ...

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