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Tata Steel Ltd (TISC.BO)

TISC.BO on Bombay Stock Exchange

453.95INR
25 Apr 2017
Change (% chg)

Rs3.00 (+0.67%)
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Rs450.95
Open
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Rs451.45
Volume
376,409
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Rs508.45
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Latest Key Developments (Source: Significant Developments)

Tata Steel to issue debt securities of up to 9,000 crore rupees
Thursday, 20 Apr 2017 12:59pm EDT 

April 20 (Reuters) - Tata Steel Ltd ::based on review and pursuant to existing shareholders approval, board approved issue of debt securities of up to rs. 9,000 crore.funds will primarily be deployed towards re-financing existing debt, capex/working capital requirements and general corporate purposes.rs. 9,000 crore in form either of non-convertible debentures on private placement basis or foreign currency.board of directors also authorized finance committee of board to determine and approve timing and terms of such issue of securities.  Full Article

North Eastern Carrying Corp receives extension to contract from Tata Steel
Monday, 3 Apr 2017 02:15am EDT 

North Eastern Carrying Corporation Ltd : Says NECC receives extension to earlier contract from Tata Steel . Says revised gross contract value now stands at INR 4.50 billion .Says contract is towards carrying raw materials from Tata Steel's joda and sukinda mines.  Full Article

Tata Steel sells indirect unit Kalzip Guangzhou
Friday, 31 Mar 2017 02:38am EDT 

Tata Steel Ltd : Says sale of indirect subsidiary, Kalzip Guangzhou Limited . Says net consideration recieved from sale/disposal is EUR 5.2 million .Says buyer is Shanghai Qinheng International Trade Co Ltd.  Full Article

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

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BRIEF-Tata Steel to issue debt securities of up to 9,000 crore rupees

* based on review and pursuant to existing shareholders approval, board approved issue of debt securities of up to rs. 9,000 crore