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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)

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

TATA Steel Ltd says cooperating fully with UK's SFO on their criminal investigation - Reuters News
Friday, 8 Apr 2016 09:22pm EDT 

TATA Steel Ltd:Says cooperating fully with UK Serious Fraud Office on their investigation - RTRS.  Full Article

TATA Steel Ltd to sell entire UK operation -BBC - Reuters News
Tuesday, 29 Mar 2016 07:38am EDT 

TATA Steel Ltd:Tata Steel Ltd is expected to announce the sale of its entire UK business, BBC reported citing union sources. - RTRS.Tata Steel's decision was made at Tuesday's board meeting in Mumbai, BBC said.Britain's steel industry has been struggling since European Union steel prices hit their lowest since 2004.Earlier in January, Tata Steel said it would cut 1,050 UK jobs including 750 jobs at Port-Talbot-based operations in Wales.About 4,000 British steel jobs were lost in October 2015 alone, equivalent to about a fifth of the sector's workforce.  Full Article

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Indian shares hit record highs; Tata Steel scales over 2-1/2 yr peak

May 26 Indian shares hit record highs on Friday, with Reliance Industries and Tata Steel Ltd leading the gains, as higher derivatives rollover led to strong follow-up buying in index heavyweights.