AM Mining India Pvt Ltd, part of ArcelorMittal and Nippon Steel joint venture, completed the acquisition of Uttam Galva Steels Ltd, a downstream steel manufacturer in Maharashtra

AM Mining India completes acquisition of debt-ridden Uttam Galva Steels

Last month, NCLT approved ₹4,050-crore resolution plan for Uttam Galva Steels

AM Mining India completes acquisition of Uttam Galva Steels

“It (resolution plan) shall be binding on the corporate debtor, its employees, members, creditors, including the central government, any state government or any local authority to whom a debt in respect of the payment of dues arising under any law for the time being in force is due, guarantors and o…

NCLT approves ArcelorMittal subsidiary’s resolution plan for Uttam Galva Steel

Resolution amount was Rs 4,020 cr as per the plan

NCLT approves resolution plan by Arcelor affiliate for Uttam Galva

The claim on the company was ₹20,600 crore

NCLT clears ArcelorMittal’s ₹4,000-cr bid for Uttam Galva Steel

Uttam Galva Steels was put under the ‘Corporate Insolvency Resolution Process (CIRP)’ on an application made by the State Bank of India SBI for not repaying its debts.

India’s bankruptcy court approves ArcelorMittal arm’s resolution plan for Uttam Galva Steels

Uttam Galva Steels reports consolidated net loss of Rs 50.41 crore in the June 2022 quarter

Uttam Galva Steels reports standalone net loss of Rs 50.64 crore in the June 2022 quarter

Most sectors, barring IT, participated in the rally on June 24. Bank, auto, financial services, FMCG, and metal indices gained 1.2-2 percent

Uttam Galva Consolidated June 2022 Net Sales at Rs 238.42 crore, up 21.61% Y-o-Y

Dispute arises as resolution professional accepted only Rs 167 crore of claims

GAIL India moves NCLT to recover Rs 9,942 crore Uttam Galva dues

The Mumbai bench of the National Company Law Tribunal (NCLT) presided by members PN Deshmukh and KK Vohra reserved the order after hearing arguments from the counsels of the resolution professional (RP) Milind Kasodekar, the successful bidder and creditors.

NCLT reserves order in ArcelorMittal’s resolution plan for Uttam Galva Steel

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

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Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

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Good time to consider, stock is not in the overbought zone

Technicals

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The stock has a moderate number of red flags

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Uttam Galva Steels Limited is a holding company, engaged in the manufacturing of intermediate steel products.