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Sanjeev Gupta

This Month

The Year of Brilliant Jerks: Rear Window’s year in review

Trump, Ellison, White, Adgemis, Gupta and that Rinehart portrait. For Rear Window, the end of shame and pretense added up to a ripping year of stories.

  • Myriam Robin and Mark Di Stefano
Bundles of steel tubes at a trading market in the outskirts of Shanghai. A glut of Chinese steel has meant more exports.

Westview plans $750m steel mill for Brisbane as Gupta woes worsen

The privately owned supplier of reinforced steel rods is concerned about being too reliant on Chinese imports, and wants the new plant to be operating by 2027.

  • Simon Evans
Sanjeev Gupta at one of InfraBuild’s Melbourne plants in 2017. The collapse of his main financier has sent the industrialist scrambling to pay down big debts.

InfraBuild woes worsen as Gupta moves cash around stricken empire

Confidential documents circulated among bondholders show the industrialist’s local steel assets fell deeper into loss and paid $28.8 million to related parties.

  • Simon Evans

November

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Inflation holds at 2.1pc; Biden confirms ceasefire; 15 ASX tech stars

Read everything that’s happened in the news so far today.

Sanjeev Gupta is the British industrialist behind GFG Alliance, which owns a string of steelmaking assets.

Administrators called in to probe Gupta’s troubled European empire

A UK court backed ArcelorMittal’s bid to launch an administration process for the parent company of six steelworks owned by Whyalla boss Sanjeev Gupta.

  • Hans van Leeuwen
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Scale Facilitation CEO David Collard in New York.

David Collard paid for Rolls-Royce as staff woes mounted

It’s the latest tightening rope around the flashy businessman, who had plans for his multinational business to build electric “gigabatteries” in Geelong.

  • Myriam Robin
The Whyalla steelworks is owned by GFG Alliance. Its furnace has been out of action for months.

Gupta owes $684,000 to suppliers in Sydney’s industrial heartland

An Australian business owned by one of India’s richest families is among those chasing payments, while Aurizon extends ban of iron ore transport at Whyalla.

  • Simon Evans
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PwC settles for millions; Rex exit raised fares; Musk’s job cutters

Read everything that’s happened in the news so far today.

Sanjeev Gupta bought the Whyalla steelworks in South Australia in 2017 after previous owner Arrium went into administration.

Sanjeev Gupta strikes deal to stay afloat. For the fifth time

The embattled industrialist and Whyalla steelworks owner has offered his creditors yet another term sheet – one he says is necessary to save his UK operation.

  • Hans van Leeuwen
Sanjeev Gupta.

Gupta ‘has reached the end of the road’ on $300m debt, court told

San Francisco investment giant White Oak Global Advisors has given the Whyalla steelworks owner 10 weeks to reach a settlement. He says he’s confident he can.

  • Updated
  • Hans van Leeuwen
Simon Evans, Myriam Robin, The Fin.

The two different worlds of Sanjeev Gupta

This week on The Fin podcast, Simon Evans and Myriam Robin on Sanjeev Gupta’s flashy property purchase, his financial troubles and the SA town caught in the middle.

October

The Whyalla steelworks is running at a loss. Owner Sanjeev Gupta has set up a new task force known as “Back to Black” and engineered a management shake-up to try and get it back up and running, and making profits.

Whyalla steelworks boss exits in Sanjeev Gupta shake-up

A former Fortescue Metals executive who ran the plant for two years is departing as the British industrialist sets up an urgent “Back to Black” taskforce to try to stem losses.

  • Simon Evans
Sanjeev Gupta is the British industrialist who has created a vast portfolio of steel mills. But they have been under significant financial strain for the past two years.

Gupta’s InfraBuild slumps to loss as it props up ailing empire

Confidential documents show the company, which traces its roots back to BHP’s steel empire, won’t collect $6 million that it had loaned the British businessman.

  • Simon Evans
BlueScope’s steelworks at Port Kembla in NSW. The company cut its first half profit forecast by 25 per cent on sliding margins as a flood of China exports hit the market, and the US economy slowed.

BlueScope slashes profit outlook, warns of surging Chinese exports

The country’s largest steelmaker says it has been forced to cut prices as Chinese producers manage excess capacity and grapple with a slowing domestic economy.

  • Simon Evans
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WiseTech soars; Inside Macquarie’s new HQ; Rockpool’s saviour?

Read everything that’s happened in the news so far today.

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A One Rail train, which is operated by Aurizon following the acquisition in late 2021.

Aurizon suspends Sanjeev Gupta’s iron ore rail service

Unpaid bills have forced the freight transportation provider to temporarily cut off the embattled Whyalla steelworks owner.

  • Simon Evans
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Westpac splits from ABA; Attempted kidnapping; Next battle for offices

Read everything that’s happened in the news so far today.

The Whyalla steelworks is running at a loss. Iron ore mined at three sites near Whyalla by owner Sanjeev Gupta is sold to customers around the world, and other GFG operations.

Sanjeev Gupta steps up cost-cutting at iron ore mines

A contracting business owned by the $1.7b ASX-listed NRW Holdings is squeezed as the UK industrialist scrambles to make savings to keep his empire afloat.

  • Simon Evans
Sanjeev Gupta is the British industrialist behind GFG Alliance, which owns a string of steelmaking assets.

Sev.en Global checks out Sanjeev Gupta’s ailing European mills

Sources say Sev.en has run the numbers on a handful of mills in Liberty Steel’s European portfolio, especially Poland.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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Sanjeev Gupta attempts to raise more debt for Whyalla operations

The British businessman oversees an empire of struggling steel mills. But he has engaged Blackbird Partners to raise more financing for South Australia.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

Original URL: https://www.afr.com/person/sanjeev-kumar-gupta-1n6a