Mumbai, April 1, 2015: Tata Steel Limited (Â“Tata SteelÂ”) today announced that it has divested its entire stake in Lanka Special Steels Limited (Â“LSSLÂ”) to E.B. Creasy & Company PLC (Â“EBCCÂ”) for a total consideration of LKR 433 million (around Rs. 20.4 crore) in an all cash deal.
Mumbai, April 1, 2015: Tata Steel Limited was conferred with the Prime MinisterÂ’s Trophy today at Rourkela for being the Â‘Best Performing Integrated Steel PlantÂ’ in the country during the performance year 2010 - 2011. In recognition of the CompanyÂ’s outstanding performance, the Prime Minister's Trophy was presented by the HonÂ’ble Prime Minister of India, Shri Narendra Modi, to Mr. T V Narendran, Managing Director, India & South East Asia, Tata Steel
The overall performance of the steel sector is Â‘optimistic.Â’ In the fiscal 2012-2013, growth in domestic steel demand is expected to be around five and a half per cent. The total demand is expected to be around 75 million tonnes, up from 71 million tonnes in 2011-2012.