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Tata Steel
Tata Steel is looking to complete the amalgamation process of Neelachal Ispat Nigam Ltd (NINL) in this financial year, a top company official said. NINL assets were acquired by the steel giant through its erstwhile subsidiary Tata Steel Long Products (TSLP) for Rs 12,100 crore. "The amalgamation of NINL with Tata Steel remains on track for completion this financial year," Koushik Chatterjee, Executive Director and Chief Financial Officer (CFO) of Tata Steel, said. However, the amalgamation remains subject to final approval from the National Company Law Tribunal (NCLT), which is scheduled to hear the matter later this month, he said. The approval will pave the way for the proposed Rs 40,000 crore expansion plan at NINL. Tata Steel, which acquired NINL's 1 million tonnes per annum (MTPA) steel manufacturing unit in July 2022, plans to add around 5 million tonnes of capacity to the facility, located about 5-10 km from its Kalinganagar steel plant. "We have... announced another 5 mil
Domestic steel demand is expected to grow 8-10 per cent in the second half of the ongoing fiscal, Tata Steel CEO and MD T V Narendran said on Tuesday. The industry executive made the remarks on the sidelines of the Indian Foundation for Quality Management (IFQM) Symposium 2026 in the national capital. "Demand should be 8-10 per cent because all consuming sectors are quite strong. So we are quite positive about the prospect of the steel industry," Narendran told PTI in reply to a question related to the outlook for the Indian steel industry. On the proposed Netherlands project, he said the company is actively engaged with the government there to resolve issues before signing of a binding agreement. "There are issues related to coke oven closure. There is an issue related to how to classify and handle steel slag so all these issues need to be addressed before we can come to any binding agreement," Narendran said. India-based Tata Steel owns a steel manufacturing plant at IJmuiden, t
Tata Steel is looking to have a discussion with the UK government to discuss issues being faced in timely implementation of the electric arc furnace (EAF) project at Port Talbot, the company's CEO T V Narendran said. The company official noted that there is no delay from Tata Steel in construction of 3.2 million tonne project being set up at an investment of 1.25 billion pounds. "We are in conversation with the UK government to say let's have a discussion on what can be done," Narendran told PTI on the sidelines of the 53rd National Management Convention organised by All India Management Association (AIMA). He made the remarks while replying to a question on the future course of action for the UK project, which is facing delays in securing power supply. In August, Narendran had said Tata Steel UK is expecting to secure access to electricity for its 3.2 million tonne electric arc furnace by 2029. In May 2024, Tata Steel signed a connection offer with the Electricity System Operator
Global steel major Tata Steel is scaling up artificial intelligence, connected workforce systems and remote operations to make industrial safety more predictive, with the company already using more than 10,000 CCTV cameras and AI-enabled surveillance to identify unsafe behaviour and intervene before accidents occur, a top official said on Friday. "Most people use CCTVs for post-mortem after an incident. We want to do it proactively -- to prevent accidents. Tata Steel is scaling up AI, computer vision and remote operations to shift workplace safety from post-incident investigation to real-time accident prevention, with over 10,000 CCTV cameras across its operations," Rajiv Mangal, Vice President, Safety, Health and Sustainability, Tata Steel, told PTI. Over the past 15 years, Tata Steel has achieved a 38 per cent reduction in its lost time injury frequency rate (LTIFR) across the group. The company is using AI-enabled surveillance to detect unsafe acts and generate immediate alerts f