Page 34 - Tata Steel

Tata Steel's Kalinganagar plant to focus on import substitutes

Tata Steel would focus on manufacturing steel products that help cut down the dependence on imports. Such import substitutes would be produced for an array of sectors like oil & gas, lifting & excavation and automobiles. The product portfolio is also to be made up by high grade precision instruments and high end tube products that are currently imported."We are raising the bar on products that are being made at Kalinganagar. For some of the import substitute products, we have conducted initial trials while there are others which we have already commercialized. These products are very important for the customers as well as for us", said Rajiv Kumar, vice president (operations), Kalinganagar project, Tata Steel.Tata Steel has conducted successful trials and started supplies to global leaders in lifting and excavation segment. It has also approvals from an oil marketing company for supply of API grade steel. Products manufactured at Kalinganagar would help establish Tata Steel as

Land transfer to ease Tata Steel's Subarnarekha port acquisition

A decision by the Odisha government to hand over 692 acres of land for the first phase development of Subarnarekha port off the coast of north Odisha is expected to ease Tata Steel's acquisition of controlling stake in the port.Tata Steel in January this year, has already inked a definitive agreement with Chennai-based Creative Port Development Pvt Ltd (CPDPL) to pick up 51 per cent equity in the port project from the original promoters."The state government has decided in principle to transfer 692 acres of land for development of Subarnarekha port in the first phase. After vetting by the law department, the land would be leased out to the concessionaire", said a senior Odisha government official.The Defence ministry which had earlier raised certain objections, has also given its nod for development of a port at the chosen site, he added. The Subarnarekha river mouth is envisaged to be developed as a commercial port on the build, own, operate, share and transfer (BOOST) model.As per ..

Tata Steel elevates T V Narendran as global CEO & MD

The company also re-appointed Koushik Chatterjee as executive director and chief financial officer for five years with effect from November 9

Tatas most eager suitor for stressed steel assets

Tata Steel has recently commissioned the first phase of its Kalinganagar project

Tata Steel back on the growth path

In the next five years, Tata Steel has a target of doubling capacity in India through a mix of organic and inorganic options

Workers at Tata Steel's Dutch arm oppose Thyssenkrupp merger

Works council chairman Frits van Wieringen said that he was concerned they intend to dissolve the Dutch subsidiary

Tata Steel targets 20% women workforce by 2020 to bring in diverse mindsets

A company executive said a diverse workforce would ensure that Tata Steel has different mindsets dealing with challenges in different ways

Global tribes to add flavour to Tata Steel's tribal conclave

After launching the annual tribal conclave Samvaad in 2014, steel behemoth Tata Steel is taking the calendar event this year to the international level with participation of foreign nationals.Tribals from Australia, Canada, Zimbabwe, Laos and Kenya are slated to attend the event christened 'Samvaad' or 'Engaging in Conversation' this year to be held in Jamshedpur between November 15 and 19.Tata Steel's manufacturing facilities and mining operations in the tribal belts of Jharkhand and Odisha in the eastern part of India are central to the company's business."This year, we are giving an international flavor to the Samvaad. We are getting aboriginals from Australia and first nation tribals from Canada. Tribals from Laos, Kenya and Zimbabwe will also be attending it. About a dozen delegates from international countries will be here for exchanging of cultures, identifying issues and its solutions", said Biren Bhuta, chief of CSR at Tata Steel.He said, the presence of foreign tribals will .

Inorganic assets to fuel Tata Steel growth: T V Narendran

Tata Steel's installed capacity in Kalinganagar in the first phase is three million tonnes

Tata Steel yet to freeze final capacity of Kalinganagar plant

Tata Steel's Kalinganagar steel unit started commercial operations in May 2016

Tata Steel shares jump nearly 5%, market cap rises by Rs 3,031 cr

At NSE, shares of the company soared 4.60% to end at Rs 691.4

Green shoots as Tata Steel's UK pension drama ends

Tata Steel Europe is doing better

Tata Steel hits over 6-year high after UK regulator approves pension scheme

The stock was up nearly 5% to Rs 692, its highest level since January 2011.

Tata Steel sheds UK pension fund

Pension scheme has been major stumbling block in possible merger between Tata Steel and Thyssenkrupp

Better earnings ahead for steel firms

Hot rolled steel prices in China crossing $600 per tonne last Friday and trading firm is a key reason for the share price of steel majors such as Tata Steel and JSW Steel hitting new 52-week highs on Monday. And if experts are to be believed, there is more room for upside their stock prices as well as earnings. Rising international steel prices not only benefit international operations of players such as Tata Steel but also improve the potential for exports of all companies. JSW Steel, however, remains most flexible due to its proximity to ports in terms of tapping the exports opportunity, say analysts. Jindal Steel and Power (JSPL), too, has benefitted from increasing exports of value-added steel products, which is one of the drivers of the company's strong turnaround in profitability. SAIL too continues exploring opportunities to ramp-up its exports. The per tonne hot rolled or HR steel prices in China, after dipping from $561 levels in February had dipped to $420 levels in June ...

Defence ministry nod to ease Tata Steel's Subarnarekha port acquisition

The Defence ministry is on the verge of granting conditional approval for development of the Subarnarekha port off the coast of north Odisha. The nod is expected to overcome a major hurdle for Tata Steel that has announced to acquire a majority stake in the port project. The steel maker has signed a definitive agreement with Chennai-based Creative Port Development Ltd (CDPL) to pick up 51 per cent equity in the port project from the original promoters."The Defence ministry, particularly the Defence Research Development Organization (DRDO) had been opposing many minor port projects along the coast of north Odisha. The identified port sites were close to their missile testing facility near Chandipur. For the Subarnarekha port, the Indian Air Force had certain objections as their practice limit zone fell under the port limits. But, after discussions with the defence ministry officials, the row is almost settled and we are awaiting a formal approval", said an Odisha government ...

Tata Steel appoints Price Waterhouse as auditor

Shareholders pass resolution to appoint Deepak Kapoor as independent director

Tata Steel to sustain profitability in FY18, drive up financial health: S&P

The healthy profitability is in line with expectations, supports company's credit quality

Tata Steel bets on India business, to ramp up capacity

Demand is expected to grow significantly at 6%-7% pa in the next 2 years, says Chandrasekaran

Tata Steel hits 6-year high post Q1 results

The stock was up 4% at Rs 625, its highest level since April 27, 2011 on BSE.