Edition:
United States

Tata Steel Ltd (TISC.NS)

TISC.NS on National Stock Exchange of India

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2 Dec 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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Exclusive: Tata Steel, Thyssenkrupp looking at reducing Port Talbot's capacity

LONDON/FRANKFURT Tata Steel and Thyssenkrupp are looking at reducing the size of Britain's largest steel plant in Port Talbot, Wales, industry sources said, as the two firms press ahead with plans to merge their European steel operations and deal with the overcapacity afflicting the industry.