Mumbai, April 1, 2015: Tata Steel Limited (ĂâTata SteelĂâ) today announced that it has divested its entire stake in Lanka Special Steels Limited (ĂâLSSLĂâ) to E.B. Creasy & Company PLC (ĂâEBCCĂâ) for a total consideration of LKR 433 million (around Rs. 20.4 crore) in an all cash deal.
Category: Materials
Post
Post
Jindal Steel & Power releases its first Business Sustainability Report
Jindal Steel and Power Limited (JSPL), IndiaĂÂŽs leading steel and power company, has released the companyĂÂŽs first Business Sustainability Report for FY 2013-14; showcasing Innovation as the corner stone of Sustainable Business.
Post
Rising freight cost may impact steel firms
The sharp rise in railway freight could hit the steel industry, which is already reeling under high raw material cost and weak demand. In the last six months, the logistics charges for the steel industry have gone up by 20 per cent to about Rs 2,400 a tonne, and companies are not able to pass on the incremental cost to the end user due to weak demand.
Post
Infrastructure creation for 4 mega steel plants
Creation of basic infrastructure for four mega steel plants, estimated to cost $40 billion, has been put on the fast track with SAIL and RINL
Post
First coastal cargo from NMP to Lakshadweep
The New Mangalore Port (NMP) handled the first coastal cargo to Minicoy of Lakshadweep Islands following directions from the Ministry of Shipping to give priority to coastal shipping activities.
Post
Relaxation for KIOCL
The government has allowed Kudremukh Iron Ore Company Ltd (KIOCL) to directly export iron ore pellets in a bid to revive the cash-starved company.
Post
JSPL to supply rails for freight corridor
Jindal Steel and Power (JSPL) has got a large order to supply around 88,000 tonne of long rails to the Tata- Aldesa joint venture for use in the Eastern Dedicated Freight Corridor.
Post
Core infrastructure posts strongest growth in April
Finally, bringing some relief to the Centre the core infrastructure industries have rebounded in the month of April. The surge in infrastructure output from 2.5 per cent in March to 4.2 per cent in April indicates an uptick in the economy.
Post
Legal eagle
Avantha Group Company CG has appointed Ravi Rajagopal as its Executive Vice-President & Global Head - Legal, Governance and Risk. Rajagopal will also be a member of the Executive Committee of CG.
Post
Lalitanjali Group to set up steel park in Vizag
Hyderabad-headquartered Lalitanjali Group, focused on strategies, industry entry planning, market research and raw material sources, is planning to set up the country's first steel industrial park in Visakhapatnam with an investment of Rs 650 crore, according to chief executive officer Rahul Rao.