User: esg Topic: Issues
Category: KalingaNagar
Last updated: Jul 26 2017 21:40 IST RSS 2.0
 
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GST: Tata Steel can sell Kalinganagar products beyond Odisha 29.5.2017 Business Standard: Companies & Industry
The roll out of the Goods & Service Tax (GST) scheduled from July 1 this year spells good news for Tata Steel. With the introduction of the new taxation system, the steel firm can sell finished steel products manufactured at its Kalinganagar steel mill in Odisha outside the state.Tata Steel was bound by a memorandum of understanding (MoU) signed with the Odisha government in November 2004 to sell finished products from its Kalinganagar products within the state. The restrictive clause, however, was not applicable to exports of finished products outside the country.The Kalinganagar steel plant started commercial operations in May 2016. Since then, its products like Tata Ferroshots and HR (hot rolled) coils made by the unit were exported, mainly to South East Asian nations. The finished steel products could not be sold within Odisha as the state lacked downstream industries to absorb such products. Though Odisha has a nameplate capacity of 21 million tonne (mnt) annually in steel ..
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'Man of Steel' Hemant Gupta scales Mount Everest 28.5.2017 News
Tata Steel employee Hemant Gupta, who was steadily progressing towards the summit in his Everest expedition, has conquered Mount Everest this morning. The 27-year-old Hemant completed his B. Tech in Metallurgical Eng & Material Science from IIT Bombay in 2011 and joined Tata Steel as a management trainee in Tata Steel's new plant in Kalinganagar Orissa. As a MT, he had undertaken TSAF Outdoor Leadership Course in Uttarkashi Himalaya. His first tryst with adventure came through his successfully completing the one month Basic Mountaineering Course from the National Mountaineering Institute in Manali. TSAF then included him in the TSAF organized Chamser Kangri Expedition in which he reached upto 21100 ft. His love for adventure made him join the Adventure Programme Dept. In September 2013. Since then he has climbed Mt Aconcagua (22860 ft) - highest peak of America (one of the seven summits) in 2015, Mt Bhagirathi II (21310 ft) in Gangotri region, Climbed Island ..
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'Man of Steel' Hemant Gupta scales Mount Everest 28.5.2017 TOI: India
The 27-year-old Hemant joined Tata Steel as a management trainee in Tata Steel's new plant in Kalinganagar, Orissa. As a MT, he had undertaken TSAF Outdoor Leadership Course in Uttarkashi Himalaya. His first tryst with adventure came through his successfully completing the one month Basic Mountaineering Course from the National Mountaineering Institute in Manali.
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Tata Steel has to determine strategic play in Europe, says Koushik Chatterjee, Group Executive Director, Tata Steel 24.5.2017 ET: Opinion
"The impact on Tata Steel will be known once we know the path ahead. It will have an impact on supply chain, currency, trade negotiation, market and people," Chatterjee said.
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No positive surprise in metal firms' capex announcements: Analysts 19.5.2017 Business Standard: Today
Brokerages, rating agencies do not see capex for maintenance as a sign of investment cycle revival
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Bhushan Steel bags Odisha iron ore mine in auction 18.5.2017 Business Standard: News Now
Bhushan Steel outbid Tata Steel, JSW, JSPL
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Squatters moved, Tata Steel clears land hurdle for Phase-II at Kalinganagar 17.5.2017 Business Standard: News Now
Tata Steel has overcome the land hurdle for start of work on the second phase expansion of its Kalinganagar project in Odisha comprising 5 million tonne steel capacity.This follows shifting of last of the squatters from the project site who continued to stay on in the villages earmarked for displacement even after 12 years of allotment of the land to the company for a mega steel plant. The company had commissioned a 3 million tonne steel plant at the location in the first phase in November 2015. But it was unable to start work on the second phase as it did not have the full area allotted to it under its possession.The Odisha government had allotted 3475 acres to Tata Steel in 2004 at Kalinganagar to set up a six million tonne integrated steel plant in two phases.However, the land acquisition suffered a major setback when 13 tribals were killed in police firing in in 2006 while protesting their displacement to make way for the project.With easing of the situation, the company had ...
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Tata Steel benefits from sharp improvement in its FAM division 17.5.2017 ET: Steel
The full year operating profit of the FAM division stood at Rs 1,165 crore, higher by Rs 1,040 crore compared to the previous fiscal.
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Tata Steel's Q4 net loss narrows 62% to Rs 1,168 crore 17.5.2017 Latest News
Company reports exceptional expenses of Rs 4,069 crore in the Jan-Mar quarter
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Tata steel narrows its loss at Rs 1,168 cr in Q4 16.5.2017 All News-IANS Stories
Tata Steel on Tuesday reported that it narrowed its consolidated loss to Rs 1,168 crore in the quarter ended March 31, 2017 as compared to Rs 3,042 crore of loss in the same period last year.
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Tata Steel’s Q4 loss shrinks 16.5.2017 Hindu: Industry
Loss of ₹4,069 under exceptional items surprises analysts
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Tata Steel's Q4 consolidated net loss narrows 62% to Rs 1,168 cr 16.5.2017 Business Standard: Companies & Industry
Company reports exceptional expenses of Rs 4,069 crore in the Jan-Mar quarter
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JSW Steel plans tie-up with OMC for long-term iron ore linkage 15.5.2017 Business Standard: News Now
Seeks to secure supplies for its 10-mn-tonne mega project on which it has committed Rs 50,000 cr
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Tata Steel not worried about ore reserves 15.5.2017 Business Standard: Companies & Industry
Jamshedpur will be adding another million tonnes of capacity a year
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There is challenge to cut cost by raising efficiency bar: Sesa Goa CEO 10.5.2017 Business Standard: Today
Merchant producers of iron ore are at all times price-takers, not price-givers, says Kishore Kumar
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Odisha gets 28 technical bids for two iron ore blocks 4.5.2017 Business Standard: News Now
JSPL, Tata Steel, Vedanta, JSW among bidders
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Odisha directs officials to survey ghats along waterway 2.5.2017 All News-IANS Stories
The Odisha government on Tuesday directed the district collectors to undertake a survey to identify points used by people for ferry services from villages situated along the riverbanks to expedite National Waterway-5 work in the state.
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Odisha steel units balk at high iron ore linkage prices by OMC 29.4.2017 Business Standard: Companies & Industry
The linkage prices are almost on par with the iron ore sold by OMC through e-auctions
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Tata Steel to raise Jamshedpur plant capacity to 11 million tonnes 28.4.2017 Hindu: Home
Tata Steel has secured green clearance to increase production capacity of its Jamshedpur facility to 11 million tonnes and the work is in progress.“In Jamshedpur, we have already got an environmental...
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Iron ore crisis to slow steel capacity expansion after 2020 25.4.2017 Business Standard: Markets & Investing
Shortfall from Odisha would hurt domestic steel companies whose supplies are used within the country
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