User: esg Topic: Issues
Category: KalingaNagar
Last updated: Jun 13 2018 12:41 IST RSS 2.0
 
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Odisha can produce 100 million tonnes of steel: Steel Minister 13.6.2018 Govt of india: PIB
Union Minister of Steel interacting with MDs/CEOs of major steel producing units in Kalinganagar, Odisha   Union Minister of Steel Chaudhary Birender Singh visited Kalinganagar on 12th June, 2018 and interacted with MDs/CEOs of major steel producing units located in the State of Odisha.
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Pressure in London 5.6.2018 FrontLine: Cover Story
While being listed on the London Stock Exchange provides Vedanta Resources with what has been described as a “cloak of respectability”, London has also created major vulnerabilities for the company. By VIDYA RAM
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Fascinating story of how Tata Steel sealed the Bhuhsan deal 3.6.2018 Rediff: Business
The Insolvency and Bankruptcy Code (IBC) got a leg-up with Tata Steel's acquisition of Bhushan Steel, the first big case to be resolved. Tata Steel CEO & MD T V Narendran tells Ishita Ayan Dutt how this deal moved so quickly while others are still mired in controversies.
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India has more environmental conflicts than any other country in the world 2.6.2018 Hindu: Policy & Issues
A look at the list of conflicts indicates a cosy relationship between business and political interests, supported by a compliant administration
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Fascinating story of how Tata Steel sealed the Bhusan deal 1.6.2018 Rediff: Interviews
The Insolvency and Bankruptcy Code (IBC) got a leg-up with Tata Steel's acquisition of Bhushan Steel, the first big case to be resolved. Tata Steel CEO & MD T V Narendran tells Ishita Ayan Dutt how this deal moved so quickly while others are still mired in controversies.
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Tata Steel's Kalinganagar plant creates employment for over 21k 1.6.2018 Sify Finance
Tata Steel's Kalinganagar plant has generated direct and indirect employment opportunities for more than 21,000 persons, said a statement on Friday.
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Tata Steel's deliveries up 10.7% in FY18 against market average of 8% 29.5.2018 Business Standard: News Now
The branded portfolio contributes 46% to the steel company's total sales, touching 2.5 million customers across the country
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What makes Tuticorin agitation different from others 24.5.2018 Rediff: News
Mass agitations are not particularly uncommon in India. But a mass agitation led by an environment-related issue that has gone out of hand is not something that can be easily recalled.
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Anti-Sterlite stir: Why Tuticorin flare-up is different from other protests 24.5.2018 Business Standard: News Now
Residents have been agitating for months that the plant has been polluting the groundwater, the level of which has been depleting, affecting farming and the environment
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Anti-Sterlite protest: Why Tuticorin is different from other agitations 23.5.2018 Latest News
But a mass agitation led by an environment-related issue that has gone out of hand is not something that can be easily recalled
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India Inc foreign borrowing jumps over two-fold to $3.92 bn in April 22.5.2018 Latest News
Among major companies which tapped the overseas market to raise capital included - Reliance Jio, Aditya Birla Finance, Vayu Urja Bharat Private Ltd and JSW Steel Ltd
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Odisha plans steel downstream park at Kalinganagar, Tatas keen to invest 22.5.2018 Latest News
State to set aside 300-400 acres land for project, hire consultant shortly; aims to convert 50% of hot metal into value added steel products by 2030
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Tata Steel sees opportunities for synergy with Bhushan Steel 21.5.2018 General News
Tata Steel sees opportunities for synergy with Bhushan Steel, which it acquired under the corporate insolvency resolution process, a top company official said today. Speaking on the successful acquisition of debt-laden Bhushan Steel, Tata Steel CEO and MD T V Narendran said it was the best asset on block. The remark by Tata Steel chief came after a meeting with the senior officials at the South Block here. A senior official of Tata Steel said it was a "routine meeting". "We see lot of opportunities for synergies because it is a mill and (has) configuration with which we are very familiar. We know the blast furnace. It has rolling mill with excess capacity. It is close to where we are currently operating. It takes years to build a plant, It took 10 years for Kalinganagar," Narendran told reporters. On a petition filed by Bhushan Steel promoter Neeraj Singal in NCLAT challenging the eligibility of Tata Steel as resolution applicant under Section 29 A of the Insolvency and Bankruptcy ...
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After Bhushan Steel buy, Tata Steel looks at Odisha expansion 20.5.2018 DNA: Popular News
Tata Steel, which is in the process of ramping up its capacity through acquisitions as well as organic route to meet the surging demand, is in talks with manufacturers who have approached the steelmaker for its metal. The firm, which is adding capacities worth Rs 60,000 crore, last week completed the purchase of debt-ridden Bhushan Steel under the Insolvency and Bankruptcy Code mechanism, which will add another 5.6 million tonne per annum (mtpa) to its production capacity of 13 mtpa. "We are in discussion with Tata Steel for an industrial park at Kalinganagar (in Odisha). The idea is that if we can get the mother plant on board, it would be able to provide the hot metal to the units which would come up within the park. We are now reaching out to downstream companies who have given us suggestions and we are working out the details and we will then discuss them with Tata Steel," Sanjeev Chopra, principal secretary, industries, Odisha, told DNA Money. Tata Steel has also announced the expansion of its ...
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Insolvency: Tata Steel to seek loan for Bhushan Steel buy 18.5.2018 Business Standard: Today
The producer is in talks with banks about a six-month bridge facility
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Tata Steel in focus after Q4 results 17.5.2018 General News
On a consolidated basis, Tata Steel reported net profit of Rs 14688.02 crore in Q4 March 2018 compared with net loss of Rs 1168.02 crore in Q4 March 2017. Net sales rose 7.05% to Rs 35737.19 crore in Q4 March 2018 over Q4 March 2017. The company received one-time exceptional gain of Rs 11376.14 crore in March quarter. The exceptional gain includes a non-cash gain of Rs 14077 crore on account of restructuring of UK pension scheme.
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Tata Steel Q4 net profit at Rs 14,688 crore 16.5.2018 General News
Tata Steel today reported consolidated net profit of Rs 14,688.02 crore for the fourth quarter ended March, driven by an "exceptional" gain of Rs 11,376 crore. It had clocked a net loss of Rs 1,168.02 crore in the same quarter last year. "The exceptional gain was Rs 11,376 crore, which includes a non-cash gain of Rs 14077 crore on account of restructuring of UK pension scheme in the March quarter," the company said in a release. The total income of the company increased to Rs 36,407.19 crore in the quarter, against Rs 35,457.06 crore in the year-ago period. The total expenses stood at Rs 32,626.42 crore, compared with Rs 31,132.02 crore. For financial year 2017-18, the steel maker reported a net profit of Rs 17,763 crore, against a loss of Rs 4,169 crore in the previous fiscal. T V Narendran, chief executive officer and managing director, Tata Steel, attributed the robust performance in FY18 on strong execution strategy, supported by favourable global demand-supply ...
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Tata Steel posts Rs 14,688 crore net profit in Q4 16.5.2018 General News
Tata Steel on Wednesday posted a consolidated net profit of Rs 14,688 crore in the quarter ended March 31, 2018, as compared to a loss of Rs 1,168 crore in the year-ago period.
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Tata Steel reports Q4 net profit at Rs 14,688 crore 16.5.2018 General News
Domestic steel giant Tata Steel today reported consolidated net profit of Rs 14,688.02 crore for the fourth quarter ended March 31, 2018. The company had clocked a net loss of Rs 1,168.02 crore in the corresponding quarter of the previous fiscal, it said in a BSE filing. The total consolidated income of the company increased to Rs 36,407.19 crore in January-March 2018, from Rs 35,457.06 crore in the same quarter of FY17. The total expenses of the company stood at Rs 32,626.42 crore during the quarter under review as against Rs 31,132.02 crore in the year-ago period. T V Narendran, CEO & MD of the company, said: "Tata Steel performance has been robust in FY18 driven by our strong execution strategy and supported by favourable global demand-supply balance. During the year, our Indian operations delivered volume growth better than the market on the back of the ramp-up at our Kalinganagar plant and the strength of our marketing network and brand equity". He said growth was broad-based
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NINL produces record 3,000 tn hot metal in single day 15.5.2018 General News
Neelachal Ispat Nigam Ltd (NINL) today said its plant in Odisha produced highest-ever hot metal of 3,001 tonnes in a single day on May 13. The Kalinga Nagar-based company is climbing new heights in production soon after completing its blast furnace capital repair, the state-run company said in a statement. The new feat comes close on the heels of NINL recording its highest-ever single-day pig iron output since inception with production of 2,772 tonne on May 12. The steel plant had produced 2,965 tonne of hot metal on the same day, sources said NINL plans to resume steel billet production with maximum capacity utilisation of the steel melting shop. It has also lined up several activities this financial year to strengthen its bottomline which includes steel billet production, operation of its captive mines and many cost optimisation schemes, the release said. These will be important landmarks for the turnaround of the integrated steel plant.
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