the economic situation in Europe showing no signs of an immediate recovery, Tata Steel [] Group is finding it difficult to revive the prospects for its subsidiary, Tata Steel Europe.The European unit has a total steelmaking capacity of 18 million tonnes (mt) against 7 mt of Tata Steel India []. Yet, last year, Tata Steel Europe posted a net loss of $800 million (Rs 4,460 crore on Sunday).Tata Steel...
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Tata Steel has entered into a strategic pact worth 30 million Canadian dollars with Labrador Iron Mines Holdings, the steel major said in a statement on Tuesday.The agreement includes transfer of 51 per cent stake in one of the deposits owned by the Canadian entity to Tata Steelsubsidiary Tata Steel Minerals Canada Limited."Tata Steel through its subsidiary Tata Steel Minerals Canada Limited (TSMC),...
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Analysts and market experts have been having a go at Tata Steel ever since it acquired the UK’s Corus (now called Tata Steel Europe) in October 2006. As Europe went kaput in 2008, Tata Steel’s stock got pummelled to a low of Rs 145 per share in December 2008, off the high of Rs 935 per share in January 2008.Criticism abounded that Tata Steel was rash in acquiring Corus and harsh in managing its affairs....
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Tata Steel, through its subsidiary Tata Steel Minerals Canada (TMSC), on Tuesday announced that it has entered into a strategic alliance worth Canadian dollar 30 million with Labrador Iron Mines Holdings. The company according to agreement acquired 51 per cent stake in one of the deposits owned by the Canadian entity to it."Tata Steel through its subsidiary Tata Steel Minerals Canada Limited (TSMC),...
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Tata Steel Ltd has entered into an arrangement with Labrador Iron Mines Holdings Ltd (LIM) of Canada under which the latter will transfer 51 per cent in an iron ore deposit to a Tata Steel subsidiary for Canadian $30 million.The arrangement is part of Tata Steel’s efforts to ensure raw material security.Tata Steel Minerals Canada Ltd (TSMC) entered into a strategic relationship with LIM under which...
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Tata Steel says India Sept-qtr sales down 1 pct y/y...
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Steel upgrades research facility to develop ultra high strength automotive steels (Tata Steel Ltd)Ltd) Tata Steel has started up an advanced facility to develop crash-resistant steels designed to make cars safer and more fuel-efficient. The €2.3 million investment at the company'swill allow Tata Steel to develop next-generation steels which are lighter, stronger and better able to withstand crashes....
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Steel today said that global economic slowdown has not impacted the private Steel major so far."The impact of the slowdown has not yet been felt in Tata Steel as its (Tata Steel) production and sales are being recorded at its maximum capacity," Tata Steel Managing Director H M Nerurkar told reporters at the J R D Tata Sports Complex here after felicitating three mountaineers, including a tribal who...
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Tata Steel on Thursday announced merging group firm Tata Metaliks, which is into pig iron manufacturing, with itself.Besides, Tata Metaliks Kubota Pipes Limited, a 100% subsidiary of Tata Metaliks, will also be merged with Tata Steel.In a statement, Tata Steel said that its Committee of Directors and Board of Directors of Tata Metaliks and TMKPL have approved the merger." its Committee of Directors...
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Tata Sons' Chairman designate Cyrus Mistry has been appointed as the Deputy Chairman of Tata Steel and Tata Chemicals today....
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