Tata Steel

Tata Steel wins bid to acquire debt-laden Bhushan Steel

Tata Steel wins bid to acquire debt-laden Bhushan Steel

Tata Steel said it has accepted the letter of intent (LoI) for BSL under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code 2016 (IBC).

Mar 23, 2018, 11:46 AM IST
Tata Steel highest bidder for Bhushan Steel

Tata Steel highest bidder for Bhushan Steel

Bhushan Steel, one of the 12 non-performing accounts referred by the Reserve Bank of India for National Company Law Tribunal (NCLT) proceedings, owes Rs 44,478 crore to its lenders.

Mar 08, 2018, 11:02 AM IST
On JN Tata's 179th birth anniversary, Jamshedpur wears a festive look

On JN Tata's 179th birth anniversary, Jamshedpur wears a festive look

JN Tata, born on March 3, 1839, was an Indian pioneer industrialist, who founded the Tata Group, India's biggest conglomerate company.

Mar 03, 2018, 08:44 AM IST
Chandrasekaran's 2nd year may begin with Tatas' largest domestic deal with Bhushan Steel takeover

Chandrasekaran's 2nd year may begin with Tatas' largest domestic deal with Bhushan Steel takeover

Tata has reportedly bid for Bhushan Steel and is emerging as the highest bidder for the Delhi-based company that's under NCLT now.

Feb 19, 2018, 10:27 AM IST
ArcelorMittal, Russia's VTB Group bid for Essar Steel

ArcelorMittal, Russia's VTB Group bid for Essar Steel

Founded by Shashi and Ravi Ruia, Essar Steel was referred to the National Company Law Tribunal last year after accumulating nearly Rs 50,000 crore in debts.

Feb 13, 2018, 07:57 AM IST
Tata to invest in Port Talbot steel plant post-Thyssenkrupp merger: Sources

Tata to invest in Port Talbot steel plant post-Thyssenkrupp merger: Sources

The global steel sector is emerging from a crisis in which global prices slid to 12-year lows in late 2015.

Feb 12, 2018, 23:47 PM IST
Tata Steel Q3 net profit jumps 5-fold to Rs 1,136 crore

Tata Steel Q3 net profit jumps 5-fold to Rs 1,136 crore

The company had posted the consolidated net profit of Rs 231.90 crore in the corresponding quarter of previous fiscal.

Feb 09, 2018, 17:56 PM IST
ArcelorMittal, Tata Steel evince interest in Bhushan Steel

ArcelorMittal, Tata Steel evince interest in Bhushan Steel

According to the information on Bhushan Steel Ltd website, the company is the 3rd largest secondary steel producer in the country with an existing steel production capacity of 5.6 million ton per annum.

Nov 16, 2017, 22:03 PM IST
India's largest CDQ facility at Tata Steel Kalinganagar

India's largest CDQ facility at Tata Steel Kalinganagar

The facility is part of the continuous journey towards improving productivity, energy efficiency and environmental performance, it said.

Nov 06, 2017, 14:55 PM IST
Tata Steel posts net profit of Rs 1,018 crore in Q2

Tata Steel posts net profit of Rs 1,018 crore in Q2

The company had reported a consolidated net loss of Rs 49.38 crore in the July-September quarter a year ago.

Oct 30, 2017, 20:39 PM IST
Face of Tata group to change in next decade: Ratan Tata

Face of Tata group to change in next decade: Ratan Tata

Tata said he is currently working towards the transformation of the Tata trusts to address the needs of India which requires technology, automation, healthcare and nutrition.

Sep 21, 2017, 12:16 PM IST
Tata Steel, ThyssenKrupp agree to merge European operations

Tata Steel, ThyssenKrupp agree to merge European operations

The two groups were in talks for a merger of their European steel businesses for almost over a year.

Sep 20, 2017, 10:53 AM IST
Birlas enter top league with $50-billion m-cap; Tatas still on top

Birlas enter top league with $50-billion m-cap; Tatas still on top

The combined market valuation of the Kumar Mangalam Birla-led listed companies stood at Rs 3,42,354.87 crore (USD 53.5 billion) at the end of Friday's trade.

Sep 03, 2017, 13:43 PM IST
Tata Steel India, Europe profitability to sustain in FY18: S&P

Tata Steel India, Europe profitability to sustain in FY18: S&P

"The healthy profitability at India-based Tata Steel Ltd (BB-/stable) is in line with our expectations and supports the company's credit quality," S&P Global Ratings said in a statement.

Aug 09, 2017, 18:43 PM IST
Tata Steel shares up 4% post Q1 results

Tata Steel shares up 4% post Q1 results

Tata Steel on Monday posted a consolidated net profit of Rs 921.09 crore for the quarter ended June on the back of higher revenue from operations.

Aug 08, 2017, 12:54 PM IST
Tata Steel shares up 4% post Q1 results

Tata Steel shares up 4% post Q1 results

Tata Steel on Monday posted a consolidated net profit of Rs 921.09 crore for the quarter ended June on the back of higher revenue from operations.

Aug 08, 2017, 12:54 PM IST
Tata cos take Annual Report route to deny Cyrus Mistry allegations

Tata cos take Annual Report route to deny Cyrus Mistry allegations

The company in its annual report said the acquisitions were made "with the aim of promoting the 'Taj' brand and to expand the business and operations of the company."

Aug 02, 2017, 19:00 PM IST
India to overtake Japan in steel production in 2 years

India to overtake Japan in steel production in 2 years

Stating that the steel sector has started improving, he said the sector contribute to one to 1.5 percent in the country's GDP.

Jul 14, 2017, 23:39 PM IST
Tata Steel signs long-term tariff contract with railways

Tata Steel signs long-term tariff contract with railways

The main objectives of LTTC includes long-term revenue commitment from customers, preferential treatment to customer for supply of wagons, generation of additional traffic volumes and revenues for railways and freight concession on retention of traffic as well as on incremental traffic.

Jul 14, 2017, 21:26 PM IST
Tata Sponge production surges 8% to record 3.9Litres in FY17

Tata Sponge production surges 8% to record 3.9Litres in FY17

The metal company produces high-grade sponge iron and has an annual manufacturing capacity of 3.9 lakh tonnes of sponge iron from its 3 kilns.

Jul 14, 2017, 18:26 PM IST