Tata Steel announced ‘Tata Steel - Sprint to Zero’ 2023 Challenge, an initiative to fund innovative research and development projects in low carbon hydrogen that offers tech-led or tech-enabled solutions to address green hydrogen technologies for the industrial sector’s sustainable future.
Jamshed J Irani, known as Steel man of India, was awarded with Padma Bhushan Award for his contribution to the Streel industry.
The board-approved amalgamation of subsidiaries is Tata Steel Long Products Limited, Tinplate Company of India Limited, Tata Metaliks Limited, The Indian Steel & Wire Products Limited, Tata Steel Mining Limited, and S & T Mining Company Limited.
The investment will go into a new slitter which will allow the Hartlepool site to process coils of steel delivered from Tata’s Port Talbot steelmaking site in South Wales.
Nifty Metal index corrected more than 7 per cent on Monday. Tata Steel, JSW Steel and SAIL crashed more than 10 per cent to hit their 52-week lows.
The explosion caused panic among the employees who started running helter-skelter. One staffer sustained minor injuries after falling down on the ground in the melee
On January 31, Tata Steel had announced winning the bid for acquiring 93.71 per cent stake in Odisha-based steel maker NINL for Rs 12,100 crore.
Tata Steel Stock Split: The board of Tata Steel Ltd will meet on May 3 to consider a proposal to split the share.
Tata Steel has commissioned a carbon capture plant at its Jamshedpur Works. Tata Steel will reuse the captured CO2 on site to promote circular carbon economy.
Tata Steel plans to deploy 15 EVs at its Jamshedpur Plant and 12 EVs at its Sahibabad plant.
Tata Steel Salary Bonus: Tata Steel will pay a total of Rs 270.28 crore as annual bonus to its employees.
The company had reported a net loss of Rs 1,615.35 crore in the year ago quarter, Tata Steel said in a BSE filing.
Tata Steel shares hit 52-week high on Tuesday, pushing the company's market capitalisation to reclaim Rs 1 lakh crore-mark.
Tata Steel swung back into black in the October-December quarter posting a consolidated profit of Rs 4,010.94 crore for the quarter on the back of increased income.
Tata Steel's production level has now recovered to 100 per cent as the company sees a revival in domestic demand in the current quarter led by a good monsoon and rural economy, its CEO and Managing Director T V Narendran has said.
Equity benchmark Sensex rallied 622 points on Wednesday, propelled by gains in index-heavyweights HDFC twins and Reliance Industries despite weak cues from global markets.
Tata Steel CEO and Managing Director T V Narendran has stepped down as President of the Indian Steel Association (ISA) months before the end of his term, according to the steelmaker.
Tata Steel's UK arm is seeking an estimated 500-million pounds government financial package to survive through the coronavirus lockdown period, according to UK media reports.
Tata Steel, which has been sourcing consumables from China, has started placing orders for materials in alternative markets in the wake of coronavirus outbreak in the neighbouring country
Indian steel majors have raised the price of steel between Rs 500 and Rs 800 a tonne in the wake of higher input costs and shortage in the international markets as coronavirus have hit China's steel production.
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