Tag Archives: steel

Usha Martin has received shareholders’ approval to sell its steel business to Tata Steel as a going concern on a slump sale basis. The sale of its steel business to Tata Steel will help the company significantly reduce its debt. Earlier, Tata Steel has executed definitive agreements for the acquisition ... Read More »

Tata Steel has flagged off the first-ever Art Residency Programme in Jamshedpur under the aegis of the Centre for Excellence (CFE) Jamshedpur. The 12-day Art Residency aims to offer a platform for artistic experimentation and social engagement with a selection of iconic artists in the field of painting, sculpting and ... Read More »

Tata Steel is reportedly selling two of its units in South East Asia – NatSteel Holdings and Tata Steel Thailand which would be valued at $500 million. The company has received interest for the two units from many players, including private companies. These units will be sold together. Tata Steel, ... Read More »

JSW Steel has reported Crude Steel production at 14.47 lakh tonnes (LT) for October 2018, registering a growth of 8% over corresponding month of previous year. The production of rolled products (long) increased to 3.46 LT in October 2018 as compared to 2.58 LT in October 2017, representing a growth ... Read More »

JSW Steel will reportedly invest around Rs 350 crore in order to set up two pipe conveyor projects that would transport ore from the mines to its plant in the state of Karnataka. The projects, which will be completed by the end of 2018-19, will save the company as much ... Read More »

Tata Steel is looking to adopt a unified branding strategy for all newly-acquired companies, so as to not confuse consumers and this would be done only after they are upgraded to meet standards of Tata’s quality. Recently, the company has taken over stressed steel plants of Bhushan Steel and the ... Read More »

Tata Steel is aiming an installed capacity of around 30 million tonne per annum by 2025 in India from the existing 18.5 million tonne. The company has recently acquired Bhushan Steel and Usha Martin plants, which has a combined rated capacity of 7 million tonne per annum. The planned 30 ... Read More »

Bhushan Steel has reported results for second quarter ended September 30, 2018. The company has reported net profit at Rs 60.71 crore for the quarter under review as against net loss of Rs 467.37 crore for the same quarter in the previous year. Total income of the company increased by ... Read More »

Steel Strips Wheels (SSWL) has bagged new Exports orders for Steel wheels for EU Caravan market. The order comprises of over 300,000 Wheels, mix of 13” and 14”, to be shipped from its Chennai plant over next 6 months with a total value close to Euro 2 million. Further, additional ... Read More »

Tata Steel has been named as an official partner for the prestigious men’s hockey World Cup to be held in Odisha from November 28 to December 16. The company has signed the agreement with the quadrennial event to continue their efforts of promoting development through sports throughout the country. Tata ... Read More »

Tata Steel has inaugurated ‘Jubilee Park’ built by it at Chaibasa, as part of its commitment towards community development. Built at a cost of Rs 10 crore, Tata Steel along with KRG Rainwater Foundation, Chennai has revamped the lake to give it a new face. The project involves beautification and ... Read More »

JSW Steel has acquired an aggregate of 60.004% of the share capital of Dolvi Minerals and Metals Private (DMMPL), a company engaged in the business of acting as traders, whole-sellers and retailers in all forms of metallic and non-metallic minerals, which includes coal and lignite, coal products and iron steel ... Read More »

Coal India is currently trading at Rs. 277.85, up by 2.10 points or 0.76% from its previous closing of Rs. 275.75 on the BSE. The scrip opened at Rs. 276.00 and has touched a high and low of Rs. 280.20 and Rs. 275.20 respectively. So far 85319 shares were traded ... Read More »

JSW Steel has emerged as the preferred bidder for an iron ore mine in the state of Karnataka. The cumulative revenue from the block over the period of 50 years is Rs 1,705.39 crore with an additional contribution of Rs 1,449.58 crore through auction. Besides this block, four more iron ... Read More »

Coal India has decided to increase the tenure of fuel supply pacts to be signed with the steel industry to 10 years in a bid to reduce dependence of steel sector on imported coal. The new fuel supply agreement (FSA) tenure would be applicable from the fourth tranche of the ... Read More »

Tata Steel’s wholly owned indirect subsidiary — TS Global Minerals Holdings Pte has entered into an agreement to divest its entire stake in its wholly owned step down subsidiary Black Ginger 461 Pty which in turn holds 64% in Sedibeng Iron ore Pty, South Africa, which is the operating company. ... Read More »

JSW Steel has reported crude steel production of 4.18 million tonnes (MT) in Q2FY19, a growth of 6% compared to 3.94 MT over the corresponding period in 2018. The production of rolled products (flat) increased to 2.96 MT compared to 2.89 MT in Q2FY19, representing a growth of 2%. The ... Read More »

Tata Steel has inaugurated the Jalahari Stream Project at Khondbond in the Keonjhar district of Odisha on October 6, 2018. As part of its Corporate Social Responsibility (CSR), Tata Steel Rural Development Society, the CSR wing of Tata Steel had taken up the stream development work in the peripheral village ... Read More »

Tata Steel has reported consolidated steel output (Provisional) at 7.33 million tonne (MT) during Q2 FY19. During Q2 FY18, the company’s output (Actual) on consolidated basis stood at 7.26 MT. The sales during the reported quarter (Provisional) stood 7.22 MT from 7.38 MT (Actual) in the year-ago period, registering a ... Read More »

Bhushan Steel has reported production of 1.05 MT in Q2 FY19 as against 0.85 MT in Q2 FY18. The sales was at 1.14 MT in Q2 FY19 as compared to 1.03 MT in Q2 FY18. The company has reported production of 2.09 MT in H1 FY19 as against 1.84 MT ... Read More »