User: esg Topic: Issues
Category: KalingaNagar
Last updated: Nov 18 2017 21:53 IST RSS 2.0
 
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Weak steel market to delay Mesco-Posco Finex deal 23.10.2017 Latest News
The transfer of Finex, a technology patented by Posco, to Mesco Steel is now kept at bay because of the slow down in the steel industry. Both Posco and Mesco have mutually agreed to delay the project till the steel industry revives."The kind of technology they wanted to bring is too expensive and steel industries is not doing well. There is mutually agreement we will not do it for some time till the steel industry gets up", said Rita Singh, chairperson cum managing director of Mesco steel.To facilitate the transfer of Finex technology, both Mesco and Posco had signed a memorandum of agreement in March 2015. In a statement, Mesco Steel had said Posco would have 26 per cent equity in the joint venture (JV) project.Noted consultant Dastur & Company was roped in to study the modalities of the technology patented by Posco. Since the Finex plant requires a lot of oxygen and power, Mesco Steel has already initiated talks with some companies for setting up auxiliary plants on the JV ...
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Tata Steel back on the growth path 21.10.2017 Latest News
In the next five years, Tata Steel has a target of doubling capacity in India through a mix of organic and inorganic options
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Tata Steel, Thyssenkrupp will not spin off joint venture in next 2-3 years 16.10.2017 Sify Finance
By Maytaal Angel
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Tata Steel rules out IPO of Tata-Thyssen merged business for 2-3 years 16.10.2017 Sify Finance
BRUSSELS (Reuters) - Tata Steel ruled out on Monday a flotation in the next two to three years of the planned merger of its European steel operations with those of ThyssenKrupp.
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Sebi bans Swasata Steel Industries, 7 others from market 13.10.2017 All Markets Stories
For at least four years in a case related to illegally raising Rs 12 crore from the public
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Tata Steel open to all inorganic options: Narendran 12.10.2017 All Companies Stories
Tata Steel's installed capacity in Kalinganagar in the first phase is three million tonnes
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Global tribes to add flavour to Tata Steel's tribal conclave 11.10.2017 Business Standard: Companies & Industry
After launching the annual tribal conclave Samvaad in 2014, steel behemoth Tata Steel is taking the calendar event this year to the international level with participation of foreign nationals.Tribals from Australia, Canada, Zimbabwe, Laos and Kenya are slated to attend the event christened 'Samvaad' or 'Engaging in Conversation' this year to be held in Jamshedpur between November 15 and 19.Tata Steel's manufacturing facilities and mining operations in the tribal belts of Jharkhand and Odisha in the eastern part of India are central to the company's business."This year, we are giving an international flavor to the Samvaad. We are getting aboriginals from Australia and first nation tribals from Canada. Tribals from Laos, Kenya and Zimbabwe will also be attending it. About a dozen delegates from international countries will be here for exchanging of cultures, identifying issues and its solutions", said Biren Bhuta, chief of CSR at Tata Steel.He said, the presence of foreign tribals will .
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Tata Steel has potential to double India capacity: Chairman N Chandrasekaran 9.10.2017 ET: Steel
Tata Steel MD T V Narendran had told PTI earlier the company had secured green clearance to increase production capacity of its Jamshedpur facility to 11 million tonnes.
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Tata Steel yet to freeze final capacity of Kalinganagar plant 7.10.2017 Business Standard: Economy & Policy
Tata Steel's Kalinganagar steel unit started commercial operations in May 2016
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Tata Steel sale rises 19.4% in Q2 5.10.2017 ET: Steel
Tata Steel’s Europe sales touched 2.6 mt in Q2FY18 against 2.26 mt in Q2FY17 leading to a 15% jump in sales.
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Jindal, Visa Steel, Bhushan corner 80% iron ore in OMC's e-auction 5.10.2017 Latest News
After a series of low turnouts at its e-auctions, state controlled Odisha Mining Corporation (OMC) succeeded in drawing an encouraging response at its latest round of auctions of iron ore lumps on October 4.OMC offered 310,000 tonnes of lumps sourced from its Gandhamardhan, Daitari and Khandadhar mines. Nearly 80 per cent of the offered quantity was booked. This was despite OMC hiking floor prices by up to Rs 200 per tonne. Buyers said they booked more this time as merchant miners stuck to firm prices."OMC has raised floor prices on this occasion at the latest e-auctions. Despite this, the response is encouraging. This is because private miners have been ramping up prices on sustained demand. This has prompted steel companies and other end users to buy more from OMC as the price differential in iron ore compared to those sold by the merchant mining companies works out to be Rs 400-500 per tonne", said a senior official with a steel firm buying ore from OMC.This time, OMC had ...
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Tata Steel to create another Jamshedpur at Kalinganagar 22.9.2017 Business Standard: News Now
Tata Steel plans to develop an eco-system for ancillary and downstream units in the vicinity of its Kalinganagar project in Odisha's Jajpur district. It has operationalised a capacity of three million tonnes a year in the first phase.The proposed complex for ancillary and downstream steel units is set to be developed on 400 acres. It seems likely to be modelled on the Adityapur Industrial Area in Jamshedpur, the company's original base. Located eight km from the steel city there, the Adityapur Industrial Area Development Authority is home to nearly 800 large, medium, small and tiny enterprises. Together, these provide direct employment to about 28,000 people (an estimated 11,500 tribals and locals); the latest annual turnover was Rs 3,550 crore.Tata Steel is believed to have started negotiations with select downstream and ancillary makers. At a recent meet organised jointly with the Odisha government at Kalinganagar, it had invited around 40 companies in the sector."Tata Steel is ...
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More upgrades for Tata Steel after pension deal 12.9.2017 Latest News
The new pension scheme will have lower annual increases for pensioners in future
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Odisha invites investments in downstream, stainless steel sectors 12.9.2017 All News-IANS Stories
In order to promote investments in downstream steel and stainless steel sectors, the Odisha government on Tuesday held discussions with over 70 companies and invited them to invest in the Kalinganagar National Investment and Manufacturing Zone in the state.
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Odisha offers fiscal, non-fiscal incentives to lure downstream steel companies 12.9.2017 ET: Steel
Inviting downstream steel and stainless steel companies to invest in the Kalingnagar National Investment & Manufacturing Zone, the Odisha government said it might offer fiscal and non-fiscal incentives based on the investments.
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Steel Minister urges extractive industry to maintain ecological balance 9.9.2017 Latest News
He urged industry to ensure that ecological balance is maintained in disposal of waste materials
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Tata Steel celebrates 158th birth anniversary of Dorab Tata 27.8.2017 HBL: Home
Tata Steel today celebrated the 158th Birth Anniversary of Sir Dorab Tata, the elder son of Tata Steel founder J N Tata, here. TV Narendran, managing director,(India and South East Asia) and R Ra...
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Tatas eye Essar Steel to regain steel crown 24.8.2017 ET: Steel
An investment banker familiar with the matter said Tata Group’s new chairman, N Chandrasekaran, is keen to get back the ‘top steelmaker’ tag that it lost to JSW Steel.
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Visa Steel suspends Kalinganagar operations as raw material supplies stop 21.8.2017 All Companies Stories
Visa Steel said it has gone for temporary suspension of all its operating units at Kalinganagar as raw material supplies have been abruptly halted to its plant. In a notice to its employees and workers engaged in its blast furnace, sponge iron, Steel Melting Shop (SMS), rolling mill and ferro chrome units, the company said it has placed the units under suspension effective from 6 am on August 21 till further order.The steel company in a letter to the district labour officer, Jajpur said it was constrained to suspend the industrial activities due to non-availability of necessary raw materials- iron ore and chrome ore. Visa Steel procures the two ores from state run Odisha Mining Corporation (OMC)."It is a deep regret to inform that the lifting and transportation of iron ore from OMC office stationed at Daitari mines to Visa Steel plant site has been stopped abruptly without any prior information in any manner. Though the transportation has been going on uninterruptedly through OMC ...
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Tata Steel India, Europe profitability to sustain in FY18: S&P 9.8.2017 ET: Steel
The healthy profitability at India-based Tata Steel Ltd (BB-/stable) is in line with our expectations and supports the company's credit quality, said S&P.
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