tata steel

Tata Sponge Iron Limited Thursday reported a sharp fall of over 47 per cent in its consolidated net profit to Rs 24.39 crore during the fourth quarter ended March 31, due to higher expenses.

Tata Sponge Iron Ltd (TSIL), a subsidiary of Tata Steel, has completed the acquisition of Usha Martin’s steel business for Rs 4,094 crore.

German steel giant ThyssenKrupp said that it has submitted a comprehensive package of proposed solutions to the European Commission to obtain clearance for the merger of the two steel majors Thyssenkrupp Steel Europe and Tata Steel Europe.

Labour leaders, who hold half the seats on Thyssenkrupp’s supervisory board, will not support a planned joint venture with Tata Steel if concessions in ongoing antitrust proceedings go too far, a union representative said.

The National Company Law Appellate Tribunal (NCLAT) on Monday upheld the decision of Bhushan Power and Steel’s committee of creditors to approve the resolution plan given by JSW Steel.

As part of its strategic plan to exit non-core markets and focus more on the fast-growing home market, Tata Steel on Monday signed an agreement to sell 70 per cent stake.

India’s crude steel production fell by 1.4 per cent to 8.936 million tonnes (MT) in December 2018, according to official data. The country had produced 9.067 MT crude steel in December 2017.

Domestic steel giant Tata Steel said it has supplied 75 per cent of the total rebars used in Bogibeel rail-cum-road bridge that was inaugurated by Prime Minister Narendra Modi on Tuesday.

New Delhi: Tata Steel on Tuesday posted a three-fold surge in consolidated net profit to Rs…

In a shocking incident, a senior manager of the Tata Steel Processing and Distribution Ltd (TSPDL) was shot dead by a former employee of the company in Faridabad on Friday.