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Tata Steel Ltd (TISC.BO)

TISC.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Tata Steel says co still in talks with Thyssenkrupp regarding merger of steel businesses
Monday, 6 Mar 2017 04:24am EST 

Tata Steel Ltd : Continues to be engaged and is in talks with Thyssenkrupp regarding potential merger of steel businesses .Says until definitive agreement is reached, no assurances that discussions will result in a transaction.  Full Article

Hang Zhou Iron and Steel unit to set up unit for water treatment project
Friday, 3 Mar 2017 03:30am EST 

Hang Zhou Iron and Steel Co., Ltd.<600126.SS>: Says its controlling environmental protection firm plans to use 90 million yuan to set up a wholly owned unit to undertake the water treatment project .Says previous plan disclosed on Jan. 4.  Full Article

Tata Steel's greenfield ferro-chrome plant at Gopalpur starts production
Tuesday, 28 Feb 2017 01:12am EST 

Tata Steel Ltd :Says Tata Steel's first greenfield ferro-chrome plant in india at gopalpur starts production.  Full Article

Tata Steel posts Dec-qtr consol profit
Tuesday, 7 Feb 2017 06:51am EST 

Tata Steel Ltd : Dec quarter consol net profit 2.32 billion rupees . Dec quarter consol total income from operations 293.92 billion rupees . Consensus forecast for Dec quarter consol net profit was 1.74 billion rupees . Consol net loss in Dec quarter last year was 27.48 billion rupees as per Ind-AS; consol total income from operations was 257.67 billion rupees . Says elected N Chandrasekaran as chairman of board . Says appointed Peter Blauwhoff as additional independent director . Says retirement of Jacobus Schraven as independent director . Says financial performance in quarter reflects strong underlying operating performance across group inspite of easonally slow quarter in Europe . Says strategic initiatives in the UK on the pensions continue to be an important priority for the company . Kalinganagar facility continues to ramp up smoothly; well positioned to serve increase in demand due to expected thrust on infra in FY’18 .Continue to be engaged with British Steel Pension Trustees and regulator for developing structural solution for UK pensions in coming months.  Full Article

Tata Steel Q3 sales 2994 KT, up 27 pct
Monday, 9 Jan 2017 01:22am EST 

Tata Steel Ltd : Tata Steel Ltd says Q3 sales 2994 kt, up 27 percent . Tata Steel Ltd says Q3 crude steel production 3.2 million tonnes versus 2.5 million tonnes .Tata Steel Ltd says Q3 saleable steel production 3.2 million tonnes versus 2.5 million tonnes.  Full Article

Tata Steel to buy 100 pct equity of Brahmani River Pellets
Friday, 23 Dec 2016 03:19am EST 

Tata Steel Ltd : Says executes definitive agreement to acquire 100% equity of Odisha-based Brahmani River Pellets Limited . Says deal based on enterprise value of BRPL of 9 billion rupees plus closing adjustments . Says funding for acquisition will be done from internal cash flows of Tata Steel .Says looking to ramp up capacity of the phase 1 at Kalinganagar.  Full Article

Trustee board of British Steel Pension Scheme sees PPF lifeboat "most likely outcome"
Wednesday, 7 Dec 2016 11:56am EST 

: Trustee -closing bsps is an important step in preparing scheme for future and securing a better outcome for members than entry into ppf can offer . Trustee board of british steel pension scheme (bsps) says believes today's announcement that tata steel uk limited ("tsuk") is to begin consultation on closure of british steel pension scheme ("bsps" or "scheme") is an important step in securing best outcome for scheme members. . Trustee board believes that entry into ppf (pension protection fund) remains most likely outcome for british steel pension scheme . Bsps trustee board- this is unless benefits are modified so that scheme no longer has a deficit and has adequate reserves to cover residual risks. . Bsps trustee says is in constructive discussions with tata steel, hm government and pensions regulator about options in consultation Further company coverage: [TISC.NS] (Reporting By Carolyn Cohn) ((carolyn.cohn@thomsonreuters.com;)).  Full Article

Unions and Tata Steel may be close to a deal to safeguard 4,500 jobs at Port Talbot steelworks in Wales - Sky News, citing sources
Monday, 5 Dec 2016 07:30am EST 

: Unions and Tata Steel may be close to a deal to safeguard 4,500 jobs at Port Talbot steelworks in Wales - Sky News, citing sources ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Tata Group says Mistry lost board's confidence due to combination of several factors - CNBC TV18
Thursday, 27 Oct 2016 07:10am EDT 

Tata Sons Ltd : Tata Group says Mistry’s e-mail leaked 'in an unseemly & undignified manner - CNBC TV 18 . Tata Group says Mistry’S e-mail makes 'unsubstantiated claims & malicious allegations' - CNBC TV 18 . Tata Group says Mistry’s e-mail casts aspersions on Tata Sons BD & respected individuals' - CNBC TV 18 . Tata Group says Mistry lost board's confidence due to combination of several factors' - CNBC TV 18 . Tata Group says Mistry's allegations will be responded to in an appropriate manner - CNBC TV 18 . Tata Group says confidential email being public a matter of deep regret- CNBC TV 18 . Tata Group says Tata Sons directors repeatedly raised queries and concerns on business issues- CNBC TV 18 . Tata Group says Mistry as executive chmn was fully empowered to lead the group- CNBC TV 18 . Tata Group says the records, when made public, will contradict Mistry's allegation - CNBC TV 18 Further company coverage: [TATAS.UL] (Bengaluru newsroom) ((ReutersIndia.snapping@thomsonreuters.com ;)).  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

More From Around the Web

UPDATE 1-Tata Steel UK closes pension scheme to new accruals from March 31

LONDON, March 7 Tata Steel UK on Tuesday said it would close its final salary pension scheme to accruals from March 31 as a step towards resolving the future of its British operations.