User: esg Topic: Issues
Category: KalingaNagar
Last updated: Sep 22 2017 19:43 IST RSS 2.0
 
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Tata Steel posts impressive profits in first quarter but misses estimates 7.8.2017 Budget 2017, Income Tax - India Budget 2017 Updates, Union Budget 2017 Latest News, Railway Budget 2017 | Times of India
The steelmaker's net profit came in at Rs 921 crore ($144.37 million) in the quarter ended June 30, compared to a loss of Rs 3,183 crore a year earlier. Analysts on average had expected a net profit of Rs 1,043 crore, according to Thomson Reuters data.
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Tata Steel swings to profit in first quarter 7.8.2017 Sify Finance
REUTERS - Tata Steel Ltd returned to profit in the first quarter of this year after a loss a year ago, helped by the ramp up of its Kalinganagar plant in Indian state of Odisha.
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Tata Steel swings back to profit in Q1 at Rs 921 cr 7.8.2017 Business Standard: News Now
Sales volumes were boosted by ramp-up of its Kalinganagar plant
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Captive mine remains a pipe dream for Vizag Steel 6.8.2017 All Companies Stories
Hyderabad, 6 August: Vizag Steel Plant, the only steel manufacturing facility among the public sector(PSU) steel plants that has no captive iron ore mine, sees little chances of getting one under the present auction route owing to unmatched competition from private players.Established in port city of Visakhapatnam about 35 years ago, this Navaratna steel plant has been running on iron ore supplies from NMDC from the beginning. While there were no clear reasons as to why this PSU steel unit was not allocated a captive mine all these years, the effort to secure a mine in a recent auction in Odisha made its management realise that the task has only become tougher."We have participated in a recent auction for a mine in Odisha in the hope of putting a good show. But private steel maker Bhushan Steel has quoted a price 300 percent higher than what we were willing to pay for the mine. We can not compete with private companies as we are constrained by our own assessment of economic viability .
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Odisha to open 30 new courts 5.8.2017 All News-IANS Stories
The Odisha government has decided to open 30 new courts for speedy disposal of pending cases, Law Minister Pratap Jena said on Saturday.
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Steel firms paying high price for captive iron ore mines to ensure supply 3.8.2017 News
The auction of iron ore blocks in the country has shown steeper competition and higher price bidding for blocks reserved for captive use compared to those meant for non-captive purpose.Five out of nine iron blocks meant for captive use have gone to bidders with quotes of more than 100 per cent revenue sharing with the states of their location.Till date, 27 mineral blocks have been auctioned out of which 10 are iron ore blocks. Of these 10 blocks nine were reserved for captive use while one was earmarked for non-captive purpose.Even the single mine meant for non-captive use has been bagged by a steel company (Bhushan Power and Steel) which outbid the merchant miners in the race for Netrabandh Pahar mine. "This trend shows more strident urgency among steel companies, operating without captive mineral resources, to secure raw material supply compared to merchant miners who only want to get hold of iron ore mines for trading purposes", said an analyst.More than 75 per cent of the steel ...
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Odisha may get windfall revenue of over Rs 25,000 cr from defaulter miners 2.8.2017 All Economy & Policy Stories
Odisha may have a revenue bonanza in excess of Rs 25,000 crore in the current fiscal thanks to the Supreme Court order on illegal mining in the state.The apex court has asked the mining companies to cough up 100 per cent of the value of ore they had lifted without lawful authority since 2000-2001.The defaulting companies included some of the big names in the mining business- Tata Steel, Aditya Birla group owned Essel Mining, public sectors Steel Authority of India (SAIL), Odisha Mining Corporation, Mesco, Rungta Mines, KJS Ahluwalia, Sirajuddin Mines, Indrani Patnaik etc.Following the Shah Commission probe into illegal mining, the state government, in 2013, had issued notices in 146 cases to lease holders, most of them engaged in iron ore and manganese excavation, for recovery of illegally mined ore under section 21 (5) of the Mines and Mineral Development and Regulation (MMDR) Act. The law mandated recovery of value of such ore if the material is already sold. The total value of ...
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NEEPCO to invest Rs 944 cr on 200 Mw solar plant in Odisha 29.7.2017 Business Standard: Companies & Industry
NEEPCO's proposal was cleared on Saturday by the State Level Single Window Clearance Authority
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Odisha approves 3 projects worth Rs 1,325 cr 29.7.2017 All News-IANS Stories
The Odisha government on Saturday gave in-principle approval to three investment proposals worth Rs 1,325 crore, officials said.
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Tata Metaliks to shift focus to ductile iron pipes biz 26.7.2017 All Companies Stories
Tata Metaliks will eventually become a full-fledged ductile iron (DI) pipe company, said chairman, Koushik Chatterjee, at the company's annual general meeting.Tata Metaliks now operates two integral business segments, foundry pig iron and DI pipes, post amalgamation of Tata Metaliks DI Pipes Limited. The DI capacity is around 2,00,000 tonnes per annum while the blast furnace capacity is 0.5 million tonnes. The company's annual report mentioned that while pig iron growth was in line with steel production, ductile iron pipe production showed a growth of 11-12 per cent. The growth was largely driven by the government's focus on infrastructure projects in the country including AMRUT (Atal Mission for Rejuvenation and Urban Transformation) and smart cities.Responding to a shareholder's query, Chatterjee said, "In the years to come, this company will become a full-fledged DI pipe company. There is a migration process, but it has to be a high-end product which will be a differentiated ...
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Tata Steel to consider take over of firms at NCLT 26.7.2017 Business Standard: News Now
Tata Steel will evaluate takeover of steel firms referred to the NCLT (National Company Law Tribunal) based on the transparency of the process and after comparing the feasibility of such takeovers with its own organic growth plans."If it is a transparent process, which it looks like the way the code has been drafted, we will evaluate and see. Our board has to be comfortable whether it is a good thing or not" Koushik Chatterjee, group executive director of finance, corporate and Europe operations at Tata Steel said in response to a question from Business Standard, on the sidelines of the annual general meeting of Tinplate Company of India.Later, he clarified that the way in which the NCLT has been set up and the process which has been laid out, the modus operandi of NCLT is poised to be transparent.Five stressed steel companies, Essar Steel, Monnet Ispat and Energy, Electrosteel Steels, Bhushan Steel and Bhushan Power and Steel have been referred to the NCLT by the RBI in a recent ...
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Tata Steel mulling new downstream steel unit at Gopalpur 25.7.2017 Business Standard: News Now
Company is also negotiating for a possible assembly line at the facility in Odisha
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Tata Sponge Odisha plant gets green nod to raise capacity to 425,000 tonnes 16.7.2017 All Companies Stories
Tata Sponge Iron produced a record 3,90,000 tonnes of sponge iron during 2016- 17
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Tata Steel's Kalinganagar unit to focus on import-substitute auto alloys 14.7.2017 Business Standard: News Now
Tata Steel's greenfield steel complex at Kalinganagar (Odisha) would focus on high strength automotive alloys that can act as import substitutes. Such alloys used by the automobile industry are predominantly imported and the Kalinganagar plant would help cut dependence on imports."The range of automotive alloys produced by our Jamshedpur plant is limited. This is because the hot stripping mill there is old and has its limitations. At Kalinganagar, we can roll out high strength alloys with dimensions of up to 1100 Mega Pascal", said a company source.Tata Steel is keen to position its Kalingangar plant as one of the biggest suppliers of high strength alloys to the automobile industry, especially alloys for car wheels. The steel maker has commissioned the first phase capacity of three million tonnes per annum (mtpa) at Kalinganagar and this is entirely devoted to manufacturing flat steel products that find applications in automobiles and white goods.The steel company's Jamshedpur unit ..
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Essar Steel to reach 12 million tonne pellet capacity at Paradip 14.7.2017 News
The current capacity of the pellet plant is six mtpa
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Tata Steel launches preventive measures against dengue 7.7.2017 DNA: Health
Tata Steel has taken up several measures for the prevention of dengue in and around its plant area at Kalinganagar in Odisha.
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Steel industries looking at slurry pipelines to cut transportation cost 4.7.2017 All Companies Stories
After Essar Steel, JSPL, JSW plan slurry pipelines for their Odisha project
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Chinese consortium gets legal entry for Ahmedabad Metro bid 3.7.2017 Business Standard: News Now
MEGA said there has to be a joint venture or a consortium of these companies
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Tata Steel's sales grow 28% in the first quarter of this fiscal 3.7.2017 ET: Steel
Tata Steel had sold 2.15 mt of steel in the same period of last year. The company also saw a 46 per cent growth in sales volume (y-o-y) in small and medium enterprises segment.
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BRIEF-Tata Steel Q1 FY18 sales registered volume growth of 28 pct 3.7.2017 Sify Finance
July 3 (Reuters) - Tata Steel Ltd
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