Tag: Tata Steel

Bhubaneswar: The fourth edition of the Tata Steel Bhubaneswar Literary Meet concluded here on Sunday. The three-day literary festival was packed with engaging sessions touching upon a host of topics ranging from literature to theatre, dance, music, journalism and performing arts. Legendary author Ruskin Bond spoke about the skills needed for journalistic writing. He spoke […]

Mumbai: Tata Steel on Tuesday reported that its consolidated net profit jumped to Rs 3,116 crore during the quarter ended September 30, in the current fiscal as compared to Rs 1,018 crore in the year-ago period. Consolidated revenues increased to Rs 43,544 crore as compared to Rs 32,464 crore in the corresponding quarter last year. […]

New Delhi: Tata Steel’s wholly-owned subsidiary Bamnipal Steel Ltd on Friday acquired 72.65 per cent stake in Bhushan Steel Ltd (BSL) in accordance with the approved resolution plan under the corporate insolvency resolution process (CIRP). Calling it a historic breakthrough in resolving legacy issues of banks, Finance Minister Piyush Goyal said that lenders recovered almost […]

Mumbai: Tata Steel on Friday said it has been declared the successful “resolution applicant” by the Committee of Creditors (CoC) of Bhushan Steel Ltd (BSL). In a regulatory filing to the BSE, the company said the decision was subject to obtaining regulatory approvals from the National Company Law Tribunal (NCLT) and the Competition Commission of […]

Kolkata: Debt-laden Bhushan Steel Ltd on Monday said Tata Steel, JSW Living Pvt Ltd and employees of the company have submitted resolution plans to take over its assets. “We wish to inform you that as part of the resolution process, the resolution professional (RP) has received resolution plans from Tata Steel, JSW Living Private Ltd […]

Bhubaneswar: Tata Steel has unveiled India’s first Solid Liquid Separation (SLS) Plant for Gas Cleaning Plant (GCP) slurry at its Ferro Alloys Plant (FAP) at Odisha’s Joda, said a statement on Tuesday. SLS Plant was inaugurated on Monday by Rajeev Singhal, Vice President, (Raw Materials), Tata Steel. Singhal said that as a responsible corporate, Tata […]

Jamshedpur: Tata Steel started the fourth edition of its five-day tribal festival , with 103 tribes from across the country and many from overseas slated to showcase their indigenous culture here on Wednesday. “Samvaad”, from November 15 to 19, will see tribal representatives from countries like Australia, Canada, Kenya, and Zimbabwe — representing four continents […]

Bhubaneswar: Tata Steel in association with The Energy and Resources Institute (TERI), on Friday launched a Green School Project to create awareness about environment issues on school campuses in the operational areas of the company. In the first phase, the project will be taken up in 10 schools identified in Jharkhand and Odisha. The project […]

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Kolkata: Tata Steel Limited on Friday said it has executed definitive agreements to acquire 100 percent equity of Odisha-based Brahmani River Pellets Ltd for over Rs 900 crore. “..(The company) has executed definitive agreements to acquire 100 percent equity shares of Brahmani River Pellets Limited (BRPL) from Aryan Mining and Trading Corpn Private Ltd (AMTC) […]

Jamshedpur: Tata Steel Ltd CEO and Managing Director T V Narendran today said the steel sector has been witnessing a positive growth and this trend will continue with improving economic activities across the world. Talking to reporters after hoisting the Tricolour on the occasion of the 72nd Independence Day at Tata Steel works here, he […]

Jamshedpur: Steel major Tata Steel will launch a new early separation scheme – ‘Sunharae Bhavishya ki Yojna’ for its non-officer grade employees from Wednesday. The scheme has multiple options to choose from compared to the earlier scheme, Suresh Dutt Tripathy, vice-president, HR, said. He said the company decided to bring in some changes to the […]

Jajpur: The country’s largest Coke Dry Quenching (CDQ) facility, capable of handling 200 metric tonnes per hour, was set up by Tata Steel at its Kalinganagar plant in Jajpur today. CDQ is a energy-efficient and environment friendly facility heat recovery system in steel production where hot coke removed from coke ovens at a temperature of […]

Bhubaneswar: The Tata Football Academy’s ace coach Ashok Tudu will train 65 young footballers from villages around Sukinda Chromite Mine (SCM) of Tata Steel in Odisha. The camp began yesterday at SCM’s central playground, a company release said today. The boys were selected for the 15-day training camp during a three-day long screening session.

Bhubaneswar: Industrial Energy Limited (IEL), a joint venture of Tata Power and Tata Steel, today inaugurated a solar micro grid project at Baliapal village in Kalinganagar in Odisha. The project will benefit 255 people at Baliapal village with uninterrupted power. The village was facing frequent power cuts that hampered studies of students and daily household […]