Tata Steel said it will raise Rs 16,500 crore through debt instruments to fund Rs 32,500 crore acquisition of Bhushan Steel Ltd.
22 May 2018 4:38 PM
On May 15, NCLT had approved the resolution plan submitted by the RP of Bhushan Steel.
21 May 2018 12:27 PM
As part of the deal, a unit of Tata Steel is paying 352.33 billion rupees to Bhushan Steel’s creditor banks.
19 May 2018 10:20 AM
This has been recognised by International Credit Rating Agencies as well.
19 May 2018 1:57 AM
The total expenses of the company stood at Rs 32,626.42 crore during the quarter.
16 May 2018 8:13 PM
CoC had approved Rs 32,500 crore deal along with 12.27 per cent equity in Bhushan Steel offered by Tata Steel.
15 May 2018 12:07 PM
It is mainly on the back of robust performance at Kalinganagar plant.
15 Apr 2018 7:28 PM
Tata Steel on Friday reported a 6.23 per cent decline in domestic sales at 3.01 million tonnes.
13 Apr 2018 5:57 PM
Tata Steel has accepted the letter of intent for BSL under corporate insolvency resolution process of the IBC.
23 Mar 2018 11:23 AM
NCLT refused, stating that it is ‘not inclined to accept’ Tata Steel's objection at this stage.
19 Mar 2018 1:33 PM
Sanjeev Gupta has invited Prince Charles to reignite a furnace in northern England which had been mothballed by Tata Steel.
17 Feb 2018 1:15 PM
Total capacity of Tata Steel India operations following the above expansion will be 18 million tonne per annum.
23 Jan 2018 12:24 PM
Shares of Tata Steel were trading 0.08 per cent up at Rs 752.45 on BSE.
19 Jan 2018 12:35 PM
Tata Steel Group has an annual crude steel capacity of 27.5 million tonnes per annum as on March 31, 2017.
06 Jan 2018 10:16 AM
Tata Steel was found to be liable for monetary penalty by failing to make necessary disclosures within prescribed timelines.
08 Dec 2017 10:52 AM
The acquisition provides an opportunity to Tata Steel to meet growing power demand.
02 Dec 2017 12:39 PM
Narendran, 52, a company veteran who joined the Tata ranks in 1988, was serving as managing director for past four years.
31 Oct 2017 4:24 PM
Total steel deliveries were up 15 per cent to 6.45 million tonnes, with Indian deliveries contributing about 48 per cent of total.
30 Oct 2017 8:14 PM
Tata Steel believes that gender diversity helps the company progress and develop.
15 Oct 2017 12:07 PM
Tata Steel in Dec had announced signing of an agreement to acquire BRPL for Rs 900 crore in all cash deal.
11 Oct 2017 8:28 PM