User: esg Topic: Issues
Category: KalingaNagar
Last updated: Feb 17 2018 03:00 IST RSS 2.0
 
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Tata Steel highest bidder for Bhushan Steel, offers Rs 100 bn more than JSW 17.2.2018 News
Bhushan Steel was sent for debt resolution by its lenders after it failed to repay its dues worth Rs 560 billion
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Tata Steel commissions crushing plant in Jharkhand 14.2.2018 General News
Tata Steel Managing Director and CEO TV Narendran today inaugurated a Rs 57 crore primary crushing plant at West Bokaro in Jharkhand. The new facility will help Tata Steel meet the requirement of coal for its steel works at Jamshedpur and Kalinganagar, the company said in a statement. The primary crushing plant (PCP3) has been set up with an objective of augmenting coal beneficiation at the colliery, it said. The project will result in significant savings on the net bottom line annually, which had been accruing out of coal transportation by road to PCP2, it said. PCP3 will not only help in production ramp up but also address road safety and environmental challenges. Regular raw material supply is crucial to the company's steel production. Tata Steel Group is one of the world's largest steel companies with a production capacity of 27.5 million tonne per annum (MTPA).
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Tata Steel forays into scrap business, to set up process unit in Gurgaon 12.2.2018 Business Standard: Companies & Industry
Tata Steel plans to set up a scrap processing facility near Gurgaon by the year end that will cater to a part of the company's raw material need for steel making.The unit is expected to grow into a Rs 1000 crore business in 6 to 8 years and mostly process the off-road cars, other vehicles and retired white goods in the NCR to produce scrap."Given the limitation of using scrap for steel making in the blast furnace route, 7-10% of our blast furnace charge can be scrap or scrap equivalent," said Anand Sen, President, TQM & Steel Business, Tata Steel.Sen said, as the economy grows, the scrap inventory is going up. More than 100 million cars are sold every year world-wide. After sometime, these are retired. China has been producing more than 500 million tonne of steel per annum for last 10 years. At least 50 per cent of that comes back as scrap in a span of 8 to 10 years."Scrap so far has been an unorganised sector, with no control over quality, run by middlemen. We see an opportunity .
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Tata Steel surges 5% on strong Q3 results 12.2.2018 Business Standard: Markets & Investing
The stock up 5% to Rs 718 on BSE in noon deal, extending its Friday's nearly 2% gain after the company reported nearly five-fold jump in a consolidated net profit of Rs 11.35 billion in Q3FY18.
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Tata Steel net jumps fivefold 9.2.2018 Hindu: Industry
Profit rises to ₹1,136 cr. post sale of unprofitable U.K. assets
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Tata Steel net rises five-fold at ₹1,136 cr on better realisation 9.2.2018 BusinessLine - News
Rights issue to raise ₹12,800 cr will open between February 14 and 28
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Tata Steel net profit jumps to Rs 1135.92 crore in Q3 9.2.2018 Sify Finance
Tata Steel on Friday said its consolidated net profit jumped to Rs 1,135.92 crore in the quarter ended December 31, 2017 as compared to Rs 231.90 crore in the year-ago period.
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Snag at Tata Steel Kalinganagar plant puts spanner in its output target 9.2.2018 All Companies Stories
The unscheduled shutdown of Blast Furnace at Tata Steel's Kalinganagar plant is set to deprive the unit of achieving its targeted capacity of 3 million tonne this fiscal.The Blast Furnace was shut down because of a technical snag on 29th of last month and would be put back in operation in another week's time. The loss of production due to the shutdown is estimated to be around 0.15 million tonne.Added to the struggle to reach and maintain the monthly average production target of 0.25 million tonne due to the teething problem of a new plant, the total shortfall in targeted output is put at 0.2 to 0.3 million tonne. "We expect to close the year with an output of 2.7 to 2.8 million tonne", said Anand Sen, president, TQM & Steel Business at Tata Steel. he added.In a statement to Business Standard, chief spokesperson of the company, India and South East Asia, Kulvin Suri on Thursday said, "The Blast Furnace at Tata Steel Kalinganagar has been running at its rated capacity. However, ...
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Tata Steel Q3 net profit jumps 5-fold to Rs 1,136 cr 9.2.2018 General News
Tata Steel today reported five- fold rise in consolidated net profit to Rs 1,135.92 crore for the third quarter ended December 31. The company had posted consolidated net profit of Rs 231.90 crore in the corresponding quarter of previous fiscal, it said in a BSE filing. The consolidated income during October-December quarter increased to Rs 33,672.48 crore, from Rs 29,154.75 crore in the year-ago period. Over the last nine months, Tata Steel delivered strong consolidated operational performance across geographies and the firm expects this momentum to continue as markets are expected to remain favourable, its CEO and MD T V Narendran said. "Globally, steel prices have been buoyant with improved trade position in China along with cost push from raw materials...In India, we have witnessed strong volume growth across the verticals as well as an increase in realisations," Narendran added. The company's focus on India, he said, continues as Tata Steel looks to expand its ...
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Tata Steel Q3 consolidated net surges over five-fold to Rs 12.9 bn 9.2.2018 Latest News
Consolidated revenue from operations rose 15% to Rs 334.4 billion
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Tata Steel to begin ground work on Kalinganagar expansion in April 3.2.2018 Business Standard: Companies & Industry
Tata Steel hopes the Kalinganagar plant with its diversified and enriched product mix to fetch better margins and be more cost-effective than the Jamshedpur facility
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GK Consultants to conduct board meeting 1.2.2018 General News
On 8 February 2018
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Tata Steel trades ex-rights; stock hits 52-week high 31.1.2018 Latest News
The stock hit a 52-week high of Rs 747, up 2% on BSE in early morning trade in otherwise subdued market.
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Rally in steel prices has further to run on 'unprecedented' conditions 27.1.2018 Business Standard: News Now
South Korea's Posco reported earnings on Wednesday that suggest global steel companies are due another round of bumper profits
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There is a climate of fear and sense of helplessness in country: Shourie 26.1.2018 Politics
Current political situation in the country is "sort of a decentralised Emergency", says former Union Minister Arun Shourie
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Tata Steel plans to beat volatility with wider value-added product basket 24.1.2018 Latest News
A ramp-up in steel capacity at Kalinaganagar helped Tata Steel clock a 6-fold jump in sales in new sub-segments like pre-engineered buildings, construction & projects and oil & gas, in Apr-Sep FY18
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Tata Steel keen to buy stressed assets; board approves Rs 12,800 cr rights issue 23.1.2018 HBL: Companies
Tata Steel sees great growth opportunity in India -- both organic and inorganic. “We see great opportunity to grow in India and we have said we want to grow in India. We are well-positioned becaus...
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We see great opportunity to grow in India: Tata Steel 22.1.2018 General News
Tata Steel today said it sees great growth opportunity in India -- both organic and inorganic. "We see great opportunity to grow in India and we have said we want to grow in India. We are well positioned because we have organic and inorganic opportunities to grow," Tata Steel Global CEO and Managing Director T V Narendran said. Narendran was speaking to reporters on the sidelines of Kolkata Literary Meet 2018 which began today. "Inorganic opportunities come in a while and we need to pursue them. Let us see what happens. It is a great opportunity for anyone in the steel industry who has the appetite and ambition to grow in India," he said while speaking about Tata Steel bidding for some stressed steel assets facing National Company Law Tribunal proceedings under Bankruptcy and Insolvency Code. Tata Steel has bid for companies like Bhushan Steel, Essar Steel and Electrosteel Steels. Narendran said the company's Kalinganagar project in Odisha has shaped up well and it is in
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Tata Steel raises $1.3 bn via bonds to refinance offshore obligations 19.1.2018 Latest News
Tata Steel, the country's oldest steel maker, today said it has raised $1.3 billion by issuance of unsecured bonds in the international markets.The issue comprises $300 million at 4.45 percent Unsecured Bonds due on July 24, 2023 and $1 billion at 5.45 percent Unsecured Bonds due on January 24, 2028 by Abja Investment Co Pte Ltd, a wholly owned subsidiary of Tata Steel based in Singapore. The bonds are rated BB- by S&P and will be listed on the Singapore Exchange (SGX), said Tata Steel in its release."Based on the buoyant trading performance of the existing bonds and strong credit appetite from quality investors, the company launched an innovative bond structure. The success of the issue demonstrates the investor's confidence in the long term strategy of the company and we are very happy with the quality of the investors in the issue," the release quoted Koushik Chatterjee, executive director and chief financial officer as saying. Road shows were organized simultaneously in ...
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Microwaves emit 7.7 mn tonnes of CO2 per year, more than cars: EU study 18.1.2018 Latest News
The study used life cycle assessment (LCA) to estimate the impacts of microwaves
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