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Tata Steel to raise Rs 16,500 cr debt to fund Bhushan acquisition

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

NCLAT declines to stay Bhushan Steel sale to Tata Steel

On May 15, NCLT had approved the resolution plan submitted by the RP of Bhushan Steel.

21 May 2018 12:27 PM

Tata Steel completes USD 5.2 bn purchase of Bhushan Steel

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

Banks can increase lending now:Piyush Goyal

This has been recognised by International Credit Rating Agencies as well.

19 May 2018 1:57 AM

Tata Steel reports Q4 net profit at Rs 14,688 crore

The total expenses of the company stood at Rs 32,626.42 crore during the quarter.

16 May 2018 8:13 PM

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NCLT approves Tata Steel bid for Bhushan Steel

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

Tata Steel India posts highest ever output at 12.48 MT in FY18

It is mainly on the back of robust performance at Kalinganagar plant.

15 Apr 2018 7:28 PM

Tata Steel reports lower sales, production in March quarter

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 wins bid for Bhushan Steel

Tata Steel has accepted the letter of intent for BSL under corporate insolvency resolution process of the IBC.

23 Mar 2018 11:23 AM

Consider objections to Tata Steel bids: NCLT to Bhushan Steel creditors

NCLT refused, stating that it is ‘not inclined to accept’ Tata Steel's objection at this stage.

19 Mar 2018 1:33 PM

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British Indian steel tycoon reignites mothballed Tata furnace in UK

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

Govt focus on infra to boost steel industry: Tata Steel

Total capacity of Tata Steel India operations following the above expansion will be 18 million tonne per annum.

23 Jan 2018 12:24 PM

Tata Steel raises $ 1.3 billion via bonds in international markets

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's Q3 saleable steel output dips 1.2 pc to 3.24 MT

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

Sebi fines Tata Steel Rs 10 lakh for delayed disclosure

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

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Tata Steel to take 74 per cent in BPPL for Rs 255 crore

The acquisition provides an opportunity to Tata Steel to meet growing power demand.

02 Dec 2017 12:39 PM

Tata Steel elevates Narendran as global CEO and MD

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

Tata Steel posts second-quarter profit driven by volume growth

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 targets 20 per cent women in workforce by 2020

Tata Steel believes that gender diversity helps the company progress and develop.

15 Oct 2017 12:07 PM

Tata Steel terminates pact to acquire pellet maker BRPL

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

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