The acquisition will be completed within two months from the date of execution of the asset transfer agreement, the company said
Noel Tata is also the chairman of Tata International Limited, Voltas Limited, Tata Investment Corporation Limited and the vice-chairman of Titan Company.
The Nifty Metal index can gain another 3 per cent as long as the index maintains above 6,300-level on a closing basis.
The changes will take effect on Monday.
Shares of Oil India will be in focus as the company has approved investment of Rs 6,555 crore in its subsidiary Numaligarh Refinery.
'Coking coal went up to $650 a tonne and iron ore crossed $150 a tonne. Not just that, all other elements that go into steelmaking have shot up. So have freight rates,' says T V Narendran
The steelmaker used to buy 10-15 per cent of its coal requirements from Russia for use in pulverised coal injection, Tata Steel Managing Director said
The positional trend for the metal Index has been bullish
Lupin may be in focus as it has launched its first Reference Laboratory in East India in Kolkata.
NINL is a joint venture of MMTC, NMDC, BHEL, MECON and 2 Odisha government PSUs - OMC and IPICOL
"Demand and supply dynamics and input cost are the key influencing factors on steel prices," said Chatterjee.
He complimented Tata Group in general and Tata Steel in particular for raising to the occasion in 'multiple fronts' during the global lockdown
The firm's wholly-owned subsidiary, Tata Steel Advanced Materials, will pick up 90% stake in Advanced Ceramics
The National Stock Exchange (NSE) Nifty climbed 135.50 points or 0.81 points to settle at 16,793.90
Tata Steel has deployed four female employees as stacker-cum-reclaimer (SCR) operators for the first time at its Meramandali plant in Odisha's Dhenkanal district
To better understand the market direction in the days ahead, traders and investors consider the 200-DMA as a more reliable average than its peers 50-DMA and 100-DMA.
Tata Sons seeks continuity amid challenges
Business Standard brings you the top headlines at this hour.
On January 31 - the eve of the Union Budget - Tata Steel Long Products, a subsidiary of Tata Steel, was declared the winning bidder for a 93.71 per cent stake in Neelachal Ispat Nigam Limited
In a Q&A Tata Steel CEO and MD T V Narendran talks about what the acquisition means for the company's growth ambitions as also the near-term outlook