Mumbai: Tata Steel recorded a consolidated net loss of Rs 6,511 crore in the second quarter of the fiscal year 2023-24, marking a significant contrast from the Rs 1,297 crore net profit reported in the corresponding period of the previous year.
India's Tata Steel and the UK government have announced a joint agreement on a proposal to invest in Electric Arc Furnace steelmaking at the Port Talbot site with a capital cost of £1.25 billion (USD 1.54 billion) inclusive of a grant from the UK Government of up to £500 million ($621 million), subject to relevant regulatory approvals.
London: Tata Steel, on Friday, announced that after extensive negotiations aimed at preserving Tata Steel's Port Talbot venture in Wales, the UK government has consented to provide a grant of 500 million pounds to assist in decarbonization, media reports said.
Mumbai: Tata Steel on Saturday celebrated the 119th birth anniversary of the Tata Group's late iconic leader and aviator, Bharat Ratna JRD Tata, with a series of events held at various locations across the company.
Kolkata: Tata Steel is expanding its digital services with the launch of Urja, its flagship unsecured working capital finance programme, on DigECA – the Company’s centralised digital buying and selling platform for ECA (Emerging Customer Account) customers.
Mumbai: Tata Steel and Germany’s SMS group have signed a Memorandum of Understanding (MoU) to collaborate on decarbonisation of steel making process.
Kolkata: Tata Power Renewable Energy Limited will set up 966MW RTC (Round-the-clock) hybrid renewable power for Tata Steel.
Kolkata: Tata Steel officials, with the help of the West Bengal Police, recently conducted a raid on a manufacturing unit situated in Kolkata, the company said in a press release.
Kolkata: Tata Steel successfully completed the first multi-modal shipment of 960 tonnes of steel TMT bars from West Bengal's Haldia Port to Tripura's Agartala, the company said in a statement.
Dhanbad: Tata Steel has established a Centre for Innovation in Mining and Mineral Beneficiation at the Indian Institute of Technology (Indian School of Mines), Dhanbad with an aid of Rs 22 crore.
Jamshedpur/IBNS: Lauding the government’s increased focus on the development of capital infrastructure, Tata Steel CEO & MD T. V. Narendran called the Budget a “high-quality budget”.
Chennai: To play a key role in India’s mobility sector, Tata Steel has setup a Centre for Innovation in Mobility (CIM) in Indian Institute of Technology (IIT) Madras Research Park.
Jamshedpur/UNI: Tata Steel on Sunday successfully executed the implosion of two obsolete coke plant facilities - Battery#6 Chimney and a Coal Tower - at its Jamshedpur Works under controlled conditions.
Mumbai/UNI: The BSE Sensex on Wednesday declined 89 points at 61,783.83 in opening trade as selling pressure was seen in FMCG, Financial, Energy and Consumer Discretionary Goods and Services stocks.
Jamshedpur: Tata Steel today dispatched the first-ever consignment of Tata Aggreto, the company’s branded steel slag aggregates to Border Roads Organisation (BRO) for the construction of roads in Arunachal Pradesh under Project Arunank, according to a press release.