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United States

Tata Steel Ltd (TISC.BO)

TISC.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Unions announce Tata Steelworkers voted to accept reforms to their pensions- Sky News
Wednesday, 15 Feb 2017 09:00am EST 

: Unions have announced Tata Steelworkers have voted to accept reforms to their pensions- Sky News ] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Tata Steel signs deal with Liberty House Group for sale of speciality steels business
Thursday, 9 Feb 2017 06:51am EST 

Tata Steel Ltd : Tata Steel signs definitive agreement with Liberty House Group for the sale of its speciality steels business . Deal for total consideration of 100 million pounds . Says speciality steels direclty employs about 1700 people . Says agreement covers several south Yorkshire based assets . Says parties will also be working to complete consultation with employees, transfer of supplier and customer contracts . Tata Steel UK is currently consulting with employees on number of proposals that would structurally reduce risks . Says also in discussion with UK steel pension scheme trustee . Says co's strip products business will continue to employ almost 9,000 people in UK . Co continues to support its UK business and its process of transformation to create a sustainable future for its UK strip products business .Says investments ongoing to improve manufacturing capability, enabling production of premium steels in Shotton, Llanwern, Trostre and Orb in Newport.  Full Article

Tata Steel says co still open to sell Port Talbot facility
Friday, 12 Aug 2016 08:26am EDT 

Tata Steel Ltd : Exec says still open to sell Port Talbot facility . Exec says progressing well with talks on selling specialty business . Further company coverage [TISC.NS] ((Bangalore.newsroom@thomsonreuters.com)).  Full Article

Tata Steel says Canada govt awards C$175 mln to co for Schefferville project
Tuesday, 26 Jul 2016 11:08pm EDT 

Tata Steel Ltd : Government of Canada awarded C$175 million to Tata Steel minerals Canada for Schefferville of direct shipping iron ore project . Financial contribution includes equity stake of $125 million via capital mining hydrocarbons fund;$50 million loan from Investissement Québec .  Full Article

British Steel names Roland Junck executive chairman
Wednesday, 20 Jul 2016 05:11am EDT 

British Steel: Announces appointment of steel industry veteran Roland Junck as company's new executive chairman . Search for a permanent CEO is ongoing and once completed, Roland Junck will continue as non-executive chairman of British Steel.  Full Article

TATA Steel seeks members' nod for issue of NCDs of up to 100 bln rupees
Monday, 18 Jul 2016 06:59am EDT 

Tata Steel Ltd : Seeks members' nod for issue of non-convertible debentures not exceeding 100 billion rupees .  Full Article

Tata Steel announces developments regarding European business strategy
Friday, 8 Jul 2016 01:18pm EDT 

: Tata Steel says will now begin process for potential sale of South Yorkshire based speciality steels business and the hartlepool pipe mills in the UK . Tata Steel to explore feasability of strategic collaborations through potential joint venture . Based speciality steels business and the Hartlepool pipe mills in the UK . Tata Steel says entered into discussions with strategic players in the steel industry including Thyssenkrupp AG . Tata Steel says received interest from several bidders for speciality steels and pipe mills in each case, formal process will be commencing shortly (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780).  Full Article

Tata steel has cancelled the sale of its biggest UK Steel assets- Sky News
Friday, 8 Jul 2016 01:05pm EDT 

Tata Steel Has Cancelled The Sale Of Its Biggest Uk Steel Assets : Sky citing sources .Sky news citing sources.  Full Article

Tata Steel India Q1 FY17 provisional saleable steel production up about 6 pct
Monday, 4 Jul 2016 02:51am EDT 

Tata Steel Ltd : Q1 provisional saleable steel production of 2.4 million tonnes versus 2.2 million tonnes last year .  Full Article

Tata steel UK completes sale of Long Products Europe business to Greybull Capital
Tuesday, 31 May 2016 06:23pm EDT 

Tata Steel UK : From today the Long Products Europe business will trade under the name of British Steel . Tata Steel UK completes sale of long products Europe business to Greybull Capital (Bengaluru Newsroom : +1 646 223 8780).  Full Article

More From Around the Web

Tata pension deal raises questions for Thyssenkrupp merger

FRANKFURT/LONDON, Germany A Tata Steel deal to separate its 15 billion-pound ($19 billion) UK pension scheme still leaves many questions unanswered for a potential merger with Thyssenkrupp's European steel operations, a source close to Thyssenkrupp said.