Tata Group to merge seven metal companies into Tata Steel

Explaining the rationale behind the merger scheme, Tata Steel said the resources of the merged entities can be pooled to unlock the opportunity for creating shareholder value. Explaining the rationale behind the merger scheme, Tata Steel said the resources of the merged entities can be pooled to unlock the opportunity for creating shareholder value. “Tata […]

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Tata Steel board approves merger of seven entities into itself

The proposed amalgamation is also part of Tata Steel’s continuing journey to simplify the group holding structure The proposed amalgamation is also part of Tata Steel’s continuing journey to simplify the group holding structure The Board of Directors of Tata Steel Ltd at its meeting held on September 22 considered and approved schemes for the proposed […]

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Gorumahisani, India’s first iron ore mine township is a picture of neglect despite 100 years of mining

 Droupadi Murmu’s nomination as Presidential candidate may have propelled the little known Rairangpur in Odisha’s Mayubhanj district to claim a spot in country’s map now, but the region was not a ‘dull or ordinary’ place in the past. More than a century ago, the tribal heartland of Odisha had played a key role in laying […]

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Tata Steel to invest ₹12,000 crore in FY23 on India, Europe operations: CEO Narendran

Tata Steel plans to invest ₹8,500 crore in India and ₹3,500 crore on the company’s operations in Europe Tata Steel plans to invest ₹8,500 crore in India and ₹3,500 crore on the company’s operations in Europe Tata Steel has planned capital expenditure (capex) of ₹12,000 crore on its India and Europe operations during the current […]

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Tata Steel plans low CO2 steel-making technologies in Netherlands, U.K.

During 2022-23, Tata Steel will be commissioning a pellet plant, which is 70% complete During 2022-23, Tata Steel will be commissioning a pellet plant, which is 70% complete Tata Steel is working on a plan for transition to low carbon technologies for making steel in the U.K. and the Netherlands. In October 2021, Tata Steel […]

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No purchase of coal from Russia after April 20: Tata Steel

Tata Steel has not made any purchase of Pulverised Coal Injection (PCI) coal from Russia post its April announcement of severing business ties with Russia amid the ongoing conflict with Ukraine, a company spokesperson said on June 22. On April 20, Tata Steel had said it would stop doing business with Russia. To ensure business […]

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ONGC reports highest net profit of ₹40,306 crore

ONGC becomes India’s second most profitable company behind Reliance Industries Ltd ONGC becomes India’s second most profitable company behind Reliance Industries Ltd On the back of the best-ever price it earned on crude oil it produces, state-owned Oil and Natural Gas Corporation (ONGC) reported a record net profit of ₹40,305 crore in the fiscal year […]

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