The steel firm is anchor tenant for this park which has the potential to attract investments worth Rs 20,000 cr
In the last 5 years, the company invested Rs 40,000 crore; further expansion in Jamshedpur in the works
The Brexit vote seems likely to, for quite a while at least, stop bidders for the UK business it wishes to sell, beside complicating the process
Thyssenkrupp and Tata Steel could sign a memorandum of understanding on merging their European steel businesses within weeks
This could be the steel major's way of abdicating its responsibility for British Pension Scheme, says UK's biggest trade union
However, it is not clear whether Tata will take up the UK government's offer of taking a 25% stake in the business
People living in the area were advised to keep their doors and windows closed due to the amount of smoke in the area
At Port Talbot, 4,000 workers are uniting behind symbol of Wales, the red dragon on principality's flag
British PM said to be keen on averting collapse of country's steel industry
In total the British Steel pension scheme has 130,000 members and it has a deficit of 485 million pounds
While the company is looking at selling assets in Europe, the street is watchful on valuations of the deal
The main opposition Labour party sought assurances that it would not herald wider pension reforms
Statement come in the light of workers marching past Downing Street to put pressure on government to get a deal
Company says no bidders short-listed for UK asset and evaluations still on
Net sales during the fourth fiscal quarter fell 12.5% to Rs 29,160 crore
British steel producers are staging a march in central London to call for a stronger govt strategy to support the steel industry
The British PM also said that there were no guarantees of a successful conclusion
With intense speculation on which of the seven bidders will make the cut to acquire Tata Steel's loss-making assets in Britain, UK business secretary Sajid Javid met Tata Sons chairman Cyrus Mistry Mumbai on Tuesday. The meeting, which is the second in as many months, was held at the conglomerate's global headquarters Bombay House here. The meeting assumes importance as it comes on the eve of Tata Steel's board meeting tomorrow, wherein an announcement is expected, sources told PTI. "Met Tata in Mumbai today to discuss #steel sales process. Several credible bidders in play. Determined to keep momentum & find right buyer," Javid tweeted.Javid had first visited Mumbai on April 6 and met the Tata brass to find a solution to save jobs at British operations of the Tatas and had hinted that the government was open to equity participation. The main plant at Port Talbot employs over 4,000 directly and many more indirectly. Monday was the deadline for interested parties to put in their bids
Excalibur Steel, Liberty House said to be in talks for collaboration in a bid to buy out Tata Steel's UK business
Excalibur, led by former chief of Tata Steel's Port Talbot plant Stuart Wilkie, is considering backing Liberty House