Page 35 - Tata Steel

NCLT approves Tata Steel Mining's resolution plan for Rohit Ferro-Tech

Tata Steel on Thursday said the Kolkata bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by its wholly-owned subsidiary Tata Steel Mining Limited, for the acquisition of debt-laden Rohit Ferro-Tech Limited. On June 6, 2021, Tata Steel had informed that the Committee of Creditors (CoC) in terms of the Corporate Insolvency Resolution Process of the Insolvency and Bankruptcy Code 2016, declared Tata Steel Mining Limited as the successful resolution applicant for the acquisition of Rohit Ferro-Tech Ltd, subject to necessary regulatory approvals including approval from the NCLT Kolkata bench. The NCLT on April 7, 2022, "orally pronounced its Order approving the Resolution Plan submitted by TSML for acquisition of Rohit Ferro-Tech Limited," Tata Steel said in a regulatory filing. However, Tata Steel did not divulge any further details related to its resolution plan in the filing. In a bid to augment its ferro alloys processing capacities, Tata

Tata Steel output falls 3% to 7.57 MT in Q4; sales jump 4% to 7.82 MT

Its total sales, however, rose by over 4 per cent to 7.82 MT in the fourth quarter, from 7.51 MT in the year-ago period

GFG Alliance appoints Tata Steel executive as chief investment officer

GFG Alliance, owned by commodities tycoon Sanjeev Gupta, has appointed Sandip Biswas, a former executive with Tata Steel, as chief investment officer

Amid record high prices, are industrial metals the new oil in India?

Data providers such as Reliance Jio, Airtel and large tech startups such as Flipkart, Paytm have yet to earn big profits, while metal giants are becoming important in an emerging low-carbon world

Tata Steel to acquire SFML's ferro alloy assets in Odisha for Rs 155 crore

The acquisition will be completed within two months from the date of execution of the asset transfer agreement, the company said

Tata Steel board approves appointment of Noel Naval Tata as vice-chairman

Noel Tata is also the chairman of Tata International Limited, Voltas Limited, Tata Investment Corporation Limited and the vice-chairman of Titan Company.

Vedanta, JSPL, Tata Steel, SAIL: How to trade metal stocks as prices rise

The Nifty Metal index can gain another 3 per cent as long as the index maintains above 6,300-level on a closing basis.

Tata Steel, ICICI Bank, HDFC Sensex weight to edge up, shows data

The changes will take effect on Monday.

Stocks to Watch: SAIL, Adani Power, Tata Steel, Voltas, Oil India, BEML

Shares of Oil India will be in focus as the company has approved investment of Rs 6,555 crore in its subsidiary Numaligarh Refinery.

Cost increase to soon hit everyone due to Ukraine crisis: Tata Steel MD

'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

Ukraine crisis: Tata Steel seeks alternative to Russian coal

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

Nandish Shah of HDFC Sec recommends Bull Spread strategy on Tata Steel

The positional trend for the metal Index has been bullish

Stocks to Watch: Lupin, Jindal Steel, Wipro, Future Group, Tata Steel Long

Lupin may be in focus as it has launched its first Reference Laboratory in East India in Kolkata.

Neelachal Ispat JV partners in share-purchase pact with Tata Steel arm

NINL is a joint venture of MMTC, NMDC, BHEL, MECON and 2 Odisha government PSUs - OMC and IPICOL

Will maximise European facilities to meet market needs: Koushik Chatterjee

"Demand and supply dynamics and input cost are the key influencing factors on steel prices," said Chatterjee.

Tata Steel performance is 'historic' but best is yet to come: Chandrsekaran

He complimented Tata Group in general and Tata Steel in particular for raising to the occasion in 'multiple fronts' during the global lockdown

Tata Steel to set up unit for medical material, to buy bio-ceramics startup

The firm's wholly-owned subsidiary, Tata Steel Advanced Materials, will pick up 90% stake in Advanced Ceramics

Indices end strong after bleak opening session; Tata Steel rises over 6%

The National Stock Exchange (NSE) Nifty climbed 135.50 points or 0.81 points to settle at 16,793.90

Female employees break a Tata Steel glass ceiling as SCR operators

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

HDFC Bank, ACC, Tata Steel: Over half of NSE 500 stocks slip below 200-DMA

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.