Tata Steel stands among the top global steel companies
Tata Steel's sales too grew to 3.1 MT, as against 2.7 MT a year ago
The company has exported 80,000 tonne of hot rolled coils manufactured at Kalingangar facility
Two Indian companies, Tata Steel and Wipro, have been named in the list of world's most ethical companies by American think tank Ethisphere Institute. Ethisphere honours those companies who recognise their role in society to influence and drive positive change in the business community and societies around the world. In 2017, there were 124 honorees spanning five continents, 19 countries and 52 industry sectors. "These companies also consider the impact of their actions on their employees, investors, customers and other key stakeholders and leverage values and a culture of integrity as the underpinnings to the decisions they make each day," Ethisphere Institute said. Wipro is one of the two information technology companies named in the list, the other being Xerox Corporation. Meanwhile, Tata Steel is also one of the two companies named in the metals, minerals & mining space. US-based Schnitzer Steel Industries Inc is the other company in this segment.
It is still in talks with the German company about a potential merger of their European steel assets
Thyssenkrupp is under pressure from the activist investor Cevian
As its greenfield unit at Kalingangar ramps up operations to reach its rated capacity of three million tonne, Tata Steel is looking at multiple options to secure uninterrupted iron ore supplies.Recently, Tata Steel announced its hot metal production at Kalinganagar crossed the two million tonne mark. In the first phase, the steel company is aiming to reach production of three million tonne per annum (mtpa).Besides sourcing ore from its captive mines, Tata Steel has been buying iron ore from the merchant miners. It has participated on and off at the electronic auctions of iron ore conducted by the state owned Odisha Mining Corporation (OMC). Despite possessing its own captive mines in Odisha, Tata Steel was constrained to buy ore from external sources to meet the expanding requirement of the Kalinganagar unit. Most of the iron ore raised by Tata Steel in Odisha was catering to the requirement of its flagship operations at Jamshedpur.Now, Tata Steel is examining the feasibility of ...
Tata Steel said it has commenced ferro chrome production at its recently commissioned unit at Gopalpur, in south Odisha. The ferro chrome production is in compliance with all the technical parameters.Chromite briquettes used for making ferro-chrome have been produced by the briquetting plant at the ferro-chrome plant complex. The briquetting plant had earlier commenced production on January 23, 2017. For its first greenfield ferro chrome plant, the steel major is sourcing chrome ore from its chromite mine at Sukinda in Jajpur district.D B Sundara Ramam, Executive-in-Charge, ferro alloys & minerals division of Tata Steel said, "This marks the completion of the commissioning of the ferro-chrome plant. It also goes a long way in consolidating our footprint in Odisha and the long standing partnership with the state towards industrial progress of the region."As part of the anchor investment in Tata Steel's Gopalpur industrial park, the Rs 542 crore ferro-chrome plant has an installed ..
Unit would be used to meet coal requirements of Kalinganagar & Jamshedpur plants
It took 133 days, at a production rate of 2.8 mn tonnes a year reach 2 mn tonnes from 1 mn
Tata Steel terms consumer products as B2C and has marketed these steel products similar to FMCG
Tata Steel official says that when the pensions issue in Britain is resolved, the company will take further steps
Voting figures from Community union members showed 72% in favour and 28% against the changes
This is because of complications associated with the Indian-owned firm's British pension scheme
Since Tata Steel has made the Corus buyout in 2007, the firm has been witnessing financial strain
Tata Steel reported a consolidated revenue of Rs 832 billion for April-December 2016
Tata Steel said the agreement covered several South Yorkshire-based assets
The deal is for total consideration of 100 million pounds
The stock hit high of Rs 487, its highest level since November 19, 2014 on the BSE
Tata Steel records Q3 net profit at Rs 232 crore