Edition:
United States

Tata Steel Ltd (TISC.BO)

TISC.BO on Bombay Stock Exchange

369.85INR
26 Aug 2016
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Latest Key Developments (Source: Significant Developments)

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

India's Tata Steel evaluating bids for UK assets
Wednesday, 25 May 2016 11:32am EDT 

: Tata Steel exec says we are in the process of evaluating bids for UK assets . Exec says all 7 shortlisted bidders for UK assets are there, some have submitted final bids and some have sought clarity . Exec says net debt of company at 740 billion rupees ($11.00 bln) . Exec says positive that south east Asia steel business will be in green in FY17 . Exec says FY17 capex will be lower than 100 billion rupees . Exec says 30 percent of company's FY17 capex will be spent in Europe . Exec says total debt on Tata Steel Europe is 3 billion euros . ($1 = 67.2888 Indian rupees) ((suvashree.dchoudhury@thomsonreuters.com;)).  Full Article

Tata Steel advises Tata Metaliks to refile fresh merger with Tata Metaliks DI Pipes
Tuesday, 17 May 2016 04:55am EDT 

Tata Steel Ltd : Tata Steel Ltd.- scheme of amalgamation between Tata Metaliks Limited and Tata Metaliks DI pipes limited with TATA Steel Limited . Tata Metaliks will continue to operate as a unit company of Tata Steel . Tata Metaliks been advised to consider withdrawing scheme with leave to re-file fresh scheme for merger with Tata Metaliks di pipes . Decision is based on careful consideration of various factors including inordinate delay in obtaining requisite regulatory and statutory approvals" . Directors' panel approve proposal to file application before bombay high court seeking recall of scheme of amalgamation of units with co .  Full Article

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Top steel firms' debt level totals record $150 billion: EY

LONDON Debt in the world's top 30 steel companies totals a record $150 billion, international accountancy firm EY said on Thursday, adding governments' action to support the sector would work only if matched with more radical industry restructuring.