Unite, Britain's biggest trade union is scheduled to meet Tata Steel chairman Cyrus Mistry on November 15 following the steel producer's annoucement for the potential sale of its long products division in Europe.
Last Wednesday, Tata Steel announced its plan to sell off the long products division in Europe to Geneva-based Klesch group, raising concerns yet again whether the acquisition of Corus was worth the hefty price of $13 billion.
Shares of metal and power companies are trading higher by up to 2.5% on the BSE after the government on Monday said it would promulgate an ordinance to resolve issues arising out of the cancellation of coal blocks.
Tata Steel did not see a runaway rally at the bourses on Thursday, a day after the company announced that it is in talks with the Klesch Group, a Swiss Investment bank with interests in commodities, to undertake "detailed due diligence and
Tata Steel Ltd is in talks to sell European operations including mills in northern England and Scotland to Geneva-based Klesch Group, as it battles weak prices, squeezed margins and an uncertain outlook.
Even as JSW Steel announced cut in prices of flat and long steel products owing to heavy import of steel, mainly from China and slump in demand, other domestic primary steel producers have adopted a cautious move and closely watching the demand and supply
"Tata Steel has informed BSE that B Muthuraman, vice-chairman of the company has stepped down from the board of the company on September 26 on attaining the age of 70, in accordance with the company's retirement policy," the steel major said in
Tata Steel expects to commence work on its ferro-alloys plant at Gopalpur in south Odisha by March 2015, which is also the timeline for commissioning of its three million tonne steel capacity at Kalinganagar where the company is putting up a six mtpa
With its Kalinganagar project well on track to meet the March, 2015 deadline to start production, steel major Tata Steel has now turned its attention to kick start its long pending Industrial Park and SEZ (special economic zone) project at Gopalpur in
The displaced persons of Tata Steel's Gopalpur project, who have been agitating for higher compensation, today reiterated their demand before the company officials during the visit of Tata group chairman Cyrus Mistry to the area.
"Unique among such adventures, unique in its advantages and unique in its difficulties"-this is how J R D Tata once described the growth trajectory of Tata Steel, formerly Tata Iron and Steel Company (Tisco).
A mammoth exercise conducted by the Odisha government recently to revise iron ore output data of 187 miners for a period of 10 years starting 2000-01 will not have any impact on the Rs 59,000 crore penalty order issued for excess production, officials