Page 64 - Tata Steel
Tata Metaliks-Tata Metaliks DI Pipes merger plan called off
Tata Steel today said the merger scheme was not effective because the petition filed by Tata Metaliks in the Calcutta HC for approval was pending
 "Tata Metaliks-Tata Metaliks DI Pipes merger plan called off")
Interest and acquisition
Though the country's largest steel producer, Tata Steel, has received seven expressions of interest for its loss-making UK plant, industry officials say most of the bidders are not serious contenders, but those who would like to use the opportunity to find out how Tata Steel financed the plant. When a bidder expresses interest and carries out due diligence, it gets the rare chance to study the way the existing owner has funded the operation. This can offer valuable lessons for a potential buyer. JSW Steel, which has been on an acquisition spree for sometime now, is on the list of potential buyers.
Can Sajjan Jindal digest Tata Steel UK assets?
The acquisition, if it happens, could stretch JSW Steel's balance sheet; but Jindal has overcome serious challenges in the past, so reputation is on his side
 "Can Sajjan Jindal digest Tata Steel UK assets?")
Tata Steel yet to get possession of full land at Kalinganagar
It's been 12 years since the company has been formally allotted 3,475 acres but is yet to get full possession
 "Tata Steel yet to get possession of full land at Kalinganagar")
Tata Steel gets SEZ status for Gopalpur project
The multi-product SEZ has the potential to attract Rs 15,000 cr investments in areas like defence, electronics, LEDs and solar cells
JSW Steel in the fray to acquire Tata Steel UK
JSW Steel has also submitted an EoI for Tata Steel UK and is now waiting for a go-ahead from Tatas side
 "JSW Steel in the fray to acquire Tata Steel UK")
JSW Steel shortlisted to take over Tata Steel's UK biz
Other bidders include commodities trading group Liberty House, investment firm Greybull and US steelmaker Nucor, among others
Tata Steel gains as UK business gets seven proposals
The stock gained 2.5% to Rs 337 on the BSE in otherwise range bound market.
Tata Steel's UK business gets seven proposals
Company's deal with Greybull Capital to close by June first week
Liberty House to submit first bid for Tata Steel UK
Chairman Sanjeev Gupta said Port Talbot and its jobs could be saved if the giant blast furnaces were replaced with facilities to process imported slab steel into higher grade product or make steel from scrap metal rather than from iron ore
 "Liberty House to submit first bid for Tata Steel UK")
Tata Steel UK not willing to split assets: CEO
Jha said, Tata Steel UK had not released dividend in the past nine years despite spending £1.5 billion as capital expenditure, which included putting up a new blast furnace
 "Tata Steel UK not willing to split assets: CEO")
Govt may have to do more to help Tata find buyer for UK assets: CEO
Bimlendra Jha told British lawmakers that there were 'structural disadvantages' in the steel industry in Britain, which made production unprofitable
 "Govt may have to do more to help Tata find buyer for UK assets: CEO")
Potential UK steel buyers balk at pension liabilities, says business secretary
UK Govt offered hundreds of millions of pounds in support to potential buyers, including the option of taking a 25% stake in the firm alongside other buyers
 "Potential UK steel buyers balk at pension liabilities, says business secretary")
Govt may have to do more to help Tata find buyer for UK assets, says CEO
Bimlendra Jha said there was no "dead drop" deadline for the sale of Tata's steel assets in Britain
No guarantee Tata steel industry's success, says David Cameron
He said they're coping with a massive oversupply, a collapse in prices, from China
 "No guarantee Tata steel industry's success, says David Cameron")
David Cameron visits Tata Steel plant in Wales to discuss its future
The British government is searching for a way to save Port Talbot
Britain might take 25% equity stake in Tata Steel UK assets
Business Ministry added that the government would take no control over the business
 "Britain might take 25% equity stake in Tata Steel UK assets")
Tata Steel UK staff to bid for Welsh business
Stuart Wilkie, MD of Tata Strip Products UK, is heading the buyout team for an official bid for the Port Talbot plant
Tata Steel's European biz sale to lower cash burn: India Ratings
Agency expects uncertain timelines associated with sale of entire loss-making UK steel business to delay expected recovery in credit profile
 "Tata Steel's European biz sale to lower cash burn: India Ratings")
European woes test Tata Steel's resilience
As the company fights to regain lost ground, the sale of its assets in the UK could boost its profitability globally