Edition:
United States

Tata Steel Ltd (TISC.BO)

TISC.BO on Bombay Stock Exchange

454.60INR
20 Jan 2017
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Latest Key Developments (Source: Significant Developments)

TATA Steel Ltd - UK steelworkers march against Tata job cuts, demand govt action - Reuters
Tuesday, 10 Nov 2015 06:46am EST 

TATA Steel Ltd:Hundreds of steelworkers marched through Scunthorpe in northeast England on Tuesday to protest against Tata Steel's planned job cuts and restructuring, calling on the government to do more to help the beleaguered steel sector - RTRS.Nearly 4,000 UK steel jobs were lost in October alone equivalent to about one fifth of the sector's workforce - as Tata Steel, SSI UK and Caparo Industries buckled under pressure from decade-low steel prices - RTRS.Tata Steel, the UK's largest steelmaker, said last month it will cut some 1,200 jobs in Scunthorpe and Scotland. Last week, it said it will press ahead with restructuring and will "look at all options" for its European steel business - RTRS.  Full Article

Talga Resources says partnership with Tata Steel
Sunday, 8 Nov 2015 04:27pm EST 

Talga Resources:Talga graphene partnership with Tata Steel.Says formal collaboration agreement executed with UK steel arm of global conglomerate tata group.Agreement to jointly explore opportunities across graphene supply, processing and development of graphene applications.  Full Article

TATA Steel Ltd to cut 1,200 jobs at Scunthorpe -UK union source - Reuters
Thursday, 15 Oct 2015 08:00pm EDT 

TATA Steel Ltd:Tata Steel is expected to cut around 1,200 jobs at its Scunthorpe plant, a union source said on Friday as the government convened a crisis summit on the sector - Reuters.Scunthorpe, which produces steel mainly used in construction and infrastructure projects, is part of Tata Steel's loss-making long products unit, which the company is trying to sell. The unit employs about 6,500 people - Reuters.A Tata Steel spokesman said: "We've made a number of structural changes to our UK business over the last months and years to make us more competitive - Reuters.British media reports on Friday said jobs were also at risk at Tata Steel operations in Scotland - Reuters.Commenting, the Unite union said: "Time is ticking on the UK’s steel industry and the news of yet more job losses should jolt the government out of its laissez-faire approach to this vital part of the UK economy." - Reuters.The sector employs fewer than 20,000 people, down from 200,000 in the 1970s - Reuters.  Full Article

TATA Steel Ltd announces sale of equity shares of Tata Motors Ltd
Friday, 18 Sep 2015 02:00am EDT 

TATA Steel Ltd:Says that this is to inform you that the company as part of its portfolio restructuring has on Sept. 18, sold 3,85,20,801 shares of Tata Motors Ltd to institutional investors over stock exchange for total consideration of 12.5069 bln Indian rupees.  Full Article

Tata Steel to cut as many as 250 jobs in South Wales - The Guardian
Tuesday, 25 Aug 2015 02:30pm EDT 

TATA Steel Ltd:Tata Steel is to cut as many as 250 jobs at Llanwern in south Wales, leading to warnings that the future of the industry in Britain is under threat - The Guardian.  Full Article

TATA Steel Ltd says 720 UK jobs could become redundant - Business Standard
Thursday, 16 Jul 2015 09:56am EDT 

TATA Steel Ltd:Says there seems to be no respite for Tata Steel's European operations - Business Standard.No sooner did the steel producer rescue itself from the brink of the biggest industrial dispute in 35 years, has identified 720 jobs that could become redundant following restructuring plans at its speciality and bar business in the UK division.  Full Article

UK unions suspend industrial action after TATA Steel Ltd offer - Business Standard
Tuesday, 16 Jun 2015 08:00pm EDT 

TATA Steel Ltd:Says UK trade unions have temporarily suspended industrial action at Tata Steel, as the company has made a new offer to the negotiators - Business Standard.Says Unions had started the industrial action, which included overtime ban and work to rule.Says Trade unions representing workers of Tata Steel in the UK had announced strike action on June 22.Says on June 14, Tata Steel had said the firm had approached British conciliation service ACAS in a bid to resolve the pension dispute with the trade unions.  Full Article

TATA Steel Ltd recommends dividend
Wednesday, 20 May 2015 07:54am EDT 

TATA Steel Ltd:Recommends dividend of 8 Indian rupees per Equity (Ordinary) Share of 10 Indian rupees each to the shareholders for the year ended March 31.  Full Article

TATA Steel Ltd's Tata Steel Minerals Canada Ltd acquires balance 49 pct participating interest in Howse Deposit
Friday, 3 Apr 2015 01:02am EDT 

TATA Steel Ltd:Tata Steel Minerals Canada Ltd, through its subsidiary Howse Minerals Ltd acquired the remaining 49 pct stake in the Howse iron ore deposit by exercising its rights under the terms of the joint venture agreement entered in Sept. 2013 with Labrador Iron Mine Holdings Ltd.Howse Minerals Ltd which held 51 pct interest in the Howse deposit has acquired the remaining 49 pct participating interest for C$5 mln.  Full Article

TATA Steel Ltd divests stake in Lanka Special Steels Ltd
Tuesday, 31 Mar 2015 12:56pm EDT 

TATA Steel Ltd:Divested its entire stake in Lanka Special Steels Limited (LSSL) to E.B. Creasy & Company PLC (EBCC) for a total consideration of 433 mln Sri Lankan rupee in an all cash deal.LSSL was a wholly owned subsidiary of Tata Steel incorporated in Sri Lanka.  Full Article

Deals of the day-Mergers and acquisitions

Jan 18 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday: