Page 19 - Tata Steel

Truly a turning point in resetting competitiveness: Tata Steel ED & CFO

Tata Steel ED & CFO, Koushik Chatterjee, discusses how the structural issues of the plant are going to be fixed and impact of carbon border adjustment mechanism

Top headlines: Sovereign wealth funds bullish on RRVL,Tata steel and more

Business Standard brings you the top headlines at this hour

Weekend Bites: FM's wish, 15 yrs since Lehman fell, Taper Tantrum, Apple

In which we munch over the week's platter of news and views

Britain to pump $621 million into Tata Steel to decarbonise Welsh plant

Tata Steel currently employs more than 8,000 people, raising the prospect that there will be as many as 3,000 redundancies as the lower-carbon electric furnaces are less labour intensive

Tata Steel sets up 3,500 ton/month downstream manufacturing facility in UP

Tata Steel on Monday inaugurated a fully automated construction service centre in Uttar Pradesh to manufacture reinforced products. The centre in Ghaziabad, which is the company's second such unit after Cuttack in Odisha, will also provide solutions to the construction industry, Ashish Anupam, Chairperson, Marketing & Sales, Long Products, Tata Steel, said while addressing the media here. "The company has partnered with channel partner Vikrant Ispat Udyog to launch its first such service centre in western UP to offer customised reinforcement products and solutions to the construction industry," he said. This facility will produce customised "cut and bend Tata Tiscon TMT rebars, along with coupler threading". The unit provides downstream solutions like welded wire mesh and bore pile cages to the construction industry. The fully automatic downstream manufacturing facility has a production capacity of 3,500 TPM (tonnes per month), and the company plans to set up another 10 such ...

Sensex extends rally to 6th day, ends 333 pts higher; Nifty reclaims 19,800

CLOSING BELL ON SEPTEMBER 08, 2023: L&T, Airtel and banks were the major movers on Friday; the S&P BSE Sensex has rallied 1,767 points in the last six straight trading sessions.

AVAADA, Tata Steel SEZ to set up green hydrogen, ammonia unit in Odisha

AVAADA Group on Thursday said it has signed an agreement with Tata Steel Special Economic Zone Ltd (TSSEZL) to set up a green hydrogen and ammonia manufacturing unit in Odisha. The unit will be set up at Gopalpur Industrial Park in Ganjam district in Odisha. In a statement, AVAADA Group announced "an initiative to establish a cutting-edge green hydrogen and ammonia manufacturing unit in Odisha. This significant move comes in the wake of a Memorandum of Understanding (MoU) inked with Tata Steel Special Economic Zone Limited (TSSEZL)". The company did not disclose financial details related to the proposed project. The project is expected to generate around 1,600 direct and 4,000 indirect employment opportunities and aims to curtail nearly 2 million tonne of Co2 emissions annually. AVAADA Group Chairman Vineet Mittal said, "The collaboration is geared towards fast-tracking the shift to green energy and bolstering India's ambition to emerge as a global green hydrogen manufacturing hub

Tata Steel, ABB India partner to develop tech to reduce carbon footprint

Automation company ABB India and Tata Steel have partnered to jointly work on technologies for reducing the carbon footprint of steel production. The steelmaker has a medium-term target to reduce carbon emissions to less than two tonnes of Co2 per tonne of crude steel in its Indian operations by 2025, ABB India said in a statement. "Tata Steel Ltd and ABB India have signed Memorandum of Understanding (MoU) for a project and will work together to co-create innovative models and technologies to help reduce the carbon footprint of steel production," the statement said. Under the MoU, the two companies will focus on system-level assessments of Tata Steel's manufacturing plants and production facilities for evaluation and co-development of short and long-term options for energy efficiency, decarbonization and circularity. ABB and Tata Steel will explore energy optimization via hydrogen as an alternative fuel for upstream processes and energy reduction as well as substitution through ful

Will the Nifty Metal index sustain its upward momentum? Check here

While the Nifty Metal index seems headed towards its crucial resistance zone, select stocks such as Hindalco, Nalco and SAIL still have the potential to rally up to 15 per cent, charts suggest.

Tata Steel in advanced talks to secure funds for UK plant: Reports

Tata Steel is in advanced talks with the UK government to agree around GBP 500 million in state-backed funding to secure the future of its Port Talbot plant in South Wales, according to UK media reports this weekend. The Indian steel major has been in long-drawn discussions related to the critical green transition of the UK's largest steelworks, involving thousands of jobs in the country's steel industry. According to a Sky News' report on Saturday, both sides are now close to agreeing a deal that would commit millions to the future of the Port Talbot steelworks. "Tata Steel is continuing to discuss with the UK government a framework for continuity and decarbonisation of steel making in the UK amidst very challenging underlying business conditions given that several of its heavy end assets are approaching end of life, a Tata Steel spokesperson told PTI, when asked about the development. "Given the financially constrained position of our UK business, any significant change is only .

Metal stocks shine; Tata Steel, Hindustan Copper, SAIL surge up to 5%

The key steel consuming sectors are expected to perform well in FY24, supported by a rise in infrastructure spend by the Government and gradually improving semiconductor supply

Tata Steel inks MoU with IIT, Dhanbad for flagship MTech internship prog

Tata Steel on Wednesday signed an MoU with IIT (Indian School of Mines), Dhanbad for a flagship MTech internship programme, the company said in a statement. The memorandum of understanding (MoU) was signed between IIT (ISM) Dhanbad Officiating Director Professor J K Pattanayak and Tata Steel Vice President (HRM) Atrayee Sanyal in the presence of senior officials. The objective of the MoU is to offer 6-12 month-long internship to top talents from IIT (ISM) Dhanbad at Tata Steel. The programme will enable Tata Steel to nurture new talent and give them long-term opportunities in the company, the statement said. "We are excited to launch this flagship MTech internship programme for the students of IIT (ISM) Dhanbad. This programme is an excellent opportunity for MTech students to gain valuable experience in R&D and technology while also providing Tata Steel with access to top talent," Sanyal said.

Tata Steel CEO TV Narendran new chairperson of IIT-Kharagpur's board

Tata Steel Ltd's CEO and MD TV Narendran was appointed the new chairperson of the board of governors of IIT-Kharagpur, a statement said. IIT-Kharagpur director VK Tewari said that as a man beholding technical and industrial supremacy, Narendran understands the needs of the society and the practical implications of industry-academia amalgamation with a technical institution. "We welcome TV Narendran as the new chairperson of the Board of Governors of IIT Kharagpur," he said. "We look forward to his able guidance, constructive ideations and supportive encouragement in reshaping this institute for its future aspirations," he added. Narendran has over 34 years of experience in the mining and metals industry, the statement said, adding that he is a mechanical engineer from NIT-Trichy and an MBA from IIM-Calcutta.

How steelmakers are turning up heat in furnaces for the war on emission

The startup world is also being tapped for innovative solutions by Tata Steel, ArcelorMittal, as well as JSW

Tata Steel CEO new chairman of Board of Governors of IIT Kharagpur

T V Narendran, CEO and Managing Director of Tata Steel Limited has been appointed the new chairman of the Board of Governors of IIT Kharagpur. IIT Kharagpur Director V K Tewari on Tuesday said, "We welcome T V Narendran as the new chairperson of the Board of Governors of IIT Kharagpur. As a man beholding technical and industrial supremacy, he understands the need of the society and practical implications of industry-academia amalgamation with a technical institution. "We look forward to his able guidance, constructive ideations and supportive encouragement in reshaping this institute for its future aspirations." An IIT Kharagpur statement said Thachat Viswanath Narendran is the Chairman of Tata Steel Europe and Tata Steel Long Products Limited and oversees the organic and inorganic growth of Tata Steel over the last few years with over 34 years of experience in the mining and metals industry. Narendran is a mechanical engineer from the National Institute of Technology (NIT) Trichy

Tata Steel plans to scale up usage of hydrogen in steel making process: CEO

Tata Steel plans to scale up the usage of hydrogen in the steel making process after the successful completion of the pilot project at its Jamshedpur plant, in Jharkhand, the company's CEO and MD T V Narendran said. In April 2023, Tata Steel commenced the first of its kind experiment injecting hydrogen gas using 40 per cent of the injection systems in E-blast furnace at its steel plant in Jamshedpur, Jharkhand. "It was very successful, we will scale it up, But eventually we need to have green hydrogen available in Eastern India that will determine how it can be used," Narendran told PTI in reply to a question on the results of the trials. However, he did not tell the quantum in which the company plans to increase the usage of hydrogen. Injection of hydrogen in blast furnaces helps reduce consumption of coal leading to reduction in carbon footprint. "This is the first time in the world that such a large quantity of hydrogen gas is being continuously injected in a blast furnace," he

No 'silver bullet' for green transition, needs govt support: Tata Steel CEO

There is "no silver bullet" for green transition in hard-to-abate sectors, including steel, Tata Steel global CEO & MD T V Narendran said on Saturday, noting it's a complex challenge and needs government support. The statement from the industry leader comes amid growing concerns across economies over emissions, and need to increase usage of green energy. Steel is the most commonly used metal in the world and one cannot do without steel. Even for the transition, steel will be needed whether to hold solar panels up, windmills, storage and pipelines, he said addressing a session at B20 Summit India 2023. "You need to find a solution and there is no silver bullet for that...India is alone going to add 100-150 million tonne steel capacity every decade...for the next few decades you will have these hard-to-abate sectors growing, cement production is twice the amount of steel production globally...you need to find solutions which are technical, which don't get solved by just finding ...

ACME Group to invest nearly $3.3 bn in green hydrogen project in Odisha

ACME Group will acquire 343 acres of land in Gopalpur Industrial Park, developed by the Tata Steel Special Economic Zone in the state

Sonari airport powered through solar power with commissioning of 2.0 MWp

The entire operations of Tata Steel-owned Sonari Airport here will now be powered through solar energy with the commissioning of a ground-mounted solar power project of 2.0 MWp (Megawatt peak) capacity, a company statement said on Wednesday. The project commissioned on Monday has been commissioned by Tata Power under an agreement with Tata Steel for the installation of a total of 41 MW with a combination of rooftop, floating and ground-mounted solar panels across its locations. Earlier, four rooftop solar projects totalling 7.65 MWp have been commissioned at its Central Warehouse, Cold Rolling Mill, Wire Rod Mill and Hot Strip Mill. A floating solar power project of 10.8 MWp in Tata Steel Jamshedpur Works is also nearing completion.

Stock markets trade in red on weak industrial output, global cues

Metal stocks were the top drag, falling about 2%, while auto, public sector bank index were down over 1%, each