Selling pressure on frontline stocks pulled down a benchmark index for Indian equities almost 84 points during afternoon trade Tuesday.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 17,534.1 points and was at 17,442.84 points an hour before the closing bell, down 83.87 points or 0.48 percent from its previous close [...]
Kolkata, Dec 21 (IANS) Tata Steel will cut down its carbon dioxide emissions from the current level of two tonnes to 1.8 tonnes for every tonne of steel produced by 2012, a senior company official said Monday.
‘Our carbon dioxide emissions are already below the global industry average of 2.2 tonnes per tonne of steel. But [...]
Mumbai, Dec 10 (ANI): A study team that visited the TATA steel plant in Jamshedpur recently felt that if the company continued the same pace of development the brownfield expansion plant would be completed by mid 2011.
TATA a major steel industry started the Brownfield expansion in November 2008.
“Orders [...]
London, Dec 4 (IANS) Corus, the European arm of Tata Steel, said Friday it will cut 1,700 jobs and partially close a plant in Britain’s Teesside region in the new year.
The decision by the Anglo-Dutch company follows the failure of four international buyers to purchase 80 percent of the Teesside Cast Products plant’s production for [...]
Ranchi, Nov 17 (IANS) Tata Steel has set up a women’s empowerment cell, the company said in a statement Tuesday.
The cell will ensure that women workers are not discriminated against at work — especially inside the plant where they are employed as daily wage earners, engineers and executives.
According to the company, the cell would [...]
New Delhi, Nov 16 (IANS) The state-owned Steel Authority of India Ltd (SAIL) Monday said it has reduced the price of its product used by the white goods and auto industry by Rs.500 per tonne.
‘We have further cut flat steel price by Rs.500 a tonne because of softening global trend,’ SAIL chairman S.K. Roongta told [...]
Bastar(Chhattisgarh), Nov 14(ANI): Hundreds of tribals, including women, in Chhattisgarh’s Bastar district reiterated their opposition at a public hearing against a Tata steel plant project being set up in Bastar.
Tata Steel plans to invest Rs 195 billion in a steel plant spread across 5,000 acres that will create 5.5 million tons of steel per year, [...]
Bastar(Chhattisgarh), Nov 14(ANI): Hundreds of tribals, including women, in Chhattisgarh’s Bastar district reiterated their opposition at a public hearing against a Tata steel plant project being set up in Bastar.
Tata Steel plans to invest Rs 195 billion in a steel plant spread across 5,000 acres that will create 5.5 million tons of steel per year, [...]
Mumbai, Oct 27 (IANS) Tata Steel Tuesday said its net profit for the quarter ended Sep 30 had dropped 49.5 percent to Rs.902.94 crore over the like period last fiscal.
Total income of the company stood at Rs.5,692.11 crore in the second quarter, a drop of 16.45 percent from Rs.6,813.45 crore it logged in the corresponding [...]
Kolkata, Oct 22 (IANS) Steel major Tata Steel Limited and MMTC Limited signed an agreement Thursday to establish a 74:26 joint venture company for acquiring, development and operation of mines and processing of minerals and metals, a statement said here.
‘Steel production in India is projected to grow to over 120 million tonnes by the year [...]
Raipur, Oct 12 (IANS) Tata Steel made a big headway Monday in its efforts to set up a mega steel project in Chhattisgarh’s Bastar district, with most of the local residents supporting the proposed project in a public hearing organised by the state government.
‘Most of the villagers attending the hearing gave their consent for the [...]
Bhubaneswar, Sep 22 (IANS) Tata Steel, which has proposed to set up a Rs.21,000-crore plant in Orissa’s Kalinganagar, Tuesday said the land acquisition process for the project would be completed soon and work would start by December.
‘We hope that the land issues will be resolved soon. We hope to start work on the project by [...]
Bhubaneswar, Sep 17 (IANS) The Orissa government, which Thursday reviewed the progress of 14 greenfield projects underway in the state, said most of the companies setting up these projects have not completed land acquisition.
‘Acquiring land is the biggest problem before these mega projects. Most of the companies that set up these projects have started acquiring [...]
Mumbai, Sep 8 (ANI): The Nifty of the National Stock Exchange (NSE) crossed 4,800-points level for the first time in almost 15 months during the early trade on Tuesday.
The Sensex of the Bombay Stock Exchange (BSE also surged by over 122 points in opening trade on Tuesday.
The good trend in the market are said to [...]
