Key Developments: Tata Steel Ltd (TISC.BO)

TISC.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

TATA Steel Ltd announces dual tranche debut US dollar bond offering of $1.5 bln
Thursday, 24 Jul 2014 11:24pm EDT 

TATA Steel Ltd:Says dual tranche Reg S issuance of $1.5 bln of unsecured bonds in international markets.Issue comprises $500 mln 4.85 pct. unsecured bonds due on Jan. 31, 2020 and $1 bln 5.95 pct. unsecured bonds due on July 31, 2024.By Abja Investment Co Pte Ltd, (the issuer) wholly owned subsidiary of Tata Steel Ltd incorporated in Singapore.Issue is guaranteed by Tata Steel Ltd.Bonds are rated BB+ by Fitch and BB by S&P and will be listed on Frankfurt Stock Exchange.  Full Article

TATA Steel Ltd update on divestment of The Dhamra Port Company Limited
Monday, 23 Jun 2014 06:59am EDT 

TATA Steel Ltd:With reference to the earlier announcement dated May 16 regarding the press release on divestment of stake in The Dhamra Port Company Limited, Tata Steel Ltd has now informed BSE that L&T Infrastructure Development Projects Limited.Says Tata Steel Limited and Adani Ports and Special Economic Zone Limited had signed share purchase agreement dated May 16 for sale of 100 pct stake in The Dhamra Port Company Limited.Says transaction has been successfully completed.  Full Article

TATA Steel Ltd may raise funds-Business Standard
Tuesday, 17 Jun 2014 08:40am EDT 

TATA Steel Ltd:Will seek shareholders nod to raise up to 140.00 bln Indian Rupees through privately placed debt securities in domestic as well as global markets-Business Standard.The board of directors at its meeting approved various proposals including raising of funds and increasing the borrowing limit.  Full Article

TATA Steel Ltd announces amalgamation
Wednesday, 11 Jun 2014 08:51am EDT 

TATA Steel Ltd:Says amalgamation between Tata Steel Limited and Tata Metaliks Limited and Tata Metaliks DI Pipes Limited and their respective shareholders and creditors held on May 16.  Full Article

TATA Steel Ltd announces dividend payment date
Wednesday, 4 Jun 2014 08:48am EDT 

TATA Steel Ltd:Says that the dividend for the year ended March 31, when sanctioned, will be paid on and from Aug. 19, 2014.  Full Article

Adani Ports and Special Economic Zone to acquire 100 pct stake in Dhamra Port Co Ltd from L&T Infrastructure Development Projects and Tata Steel
Friday, 16 May 2014 05:17am EDT 

Adani Ports and Special Economic Zone Ltd:Executes definitive agreement with L&T Infrastructure Development Projects Limited and Tata Steel Limited to acquire 100 pct stake in the Dhamra Port Co Limited (DPCL) at an enterprise value of 55 bln Indian rupees (5500 crores Indian rupees).  Full Article

TATA Steel Ltd recommends dividend
Wednesday, 14 May 2014 09:07am EDT 

TATA Steel Ltd:Recommends dividend of 10 Indian rupees per Ordinary Share of 10 Indian rupees each to the shareholders for the year ended March 31, 2014, subject to the approval of the shareholders at the Annual General Meeting (AGM) of the company scheduled to be held on Aug. 14, 2014.  Full Article

TATA Steel Ltd inaugurates Coke Oven Battery #11 at Jamshedpur
Tuesday, 29 Apr 2014 08:20am EDT 

TATA Steel Ltd:Inaugurates Coke Oven Battery #11 at Jamshedpur.Built at a production capacity of 0.7 million tonnes per annum, the Coke Oven Battery #11 operates with 88 ovens with stamp charge technology and is the largest coke oven complex at the Jamshedpur works.  Full Article

TATA Steel Ltd opens plate service centre
Tuesday, 14 Jan 2014 06:26am EST 

TATA Steel Ltd:Says it has opened the profiling centre for steel plate in the West Midlands, increasing its plate processing capacity in the region by up to 50 pct.  Full Article

TATA Steel Ltd Could Cut Around 500 UK Jobs-Reuters
Tuesday, 29 Oct 2013 06:44am EDT 

Reuters reported that TATA Steel Ltd plans to restructure its UK business supplying the construction and engineering industries, warning that the shake-up could result in the loss of around 500 jobs. It blamed a prolonged downturn in demand, particularly for construction steel in Britain.  Full Article

UPDATE 1-Tata Steel to cut 400 jobs in UK's South Wales

* Says steel demand, prices to stay under pressure for years

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