The state-owned CIL and Singareni Collieries Company (SCCL) have earned incremental revenues of around Rs.30,000 crore through e-auction, Mjunction Services, a JV between Tata Steel and SAIL that pioneers in e-auction services, said.
Tag: Tata Steel
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Tata Opportunities fund invests Rs.335 crore in Tata Projects
Tata Opportunities Fund, the investment arm of the Tata Group, which is advised by Tata Capital, invested Rs 335 crore in Tata Projects Limited (TPL)
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Tata Steel sets up Rs.2,500 cr company in SEZ at Odisha
Tata Steel has set up a new company to spearhead its investment in a proposed SEZ at Gopalpur in Odisha
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A Versatile Genius
Sanjay Aggarwal, Managing Director, Fortum India, has assumed the responsibility of initiating and developing a future growth platform for Fortum in India.
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Tata Steel uses waterways
Tata Steel will start using coastal and inland waterways in India to transport raw material to its factories and finished goods along the coastline, as it looks at saving on freight and energy costs.
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Odisha aims to reopen18 more mines by July-end
The state mines department has set an internal timeline to restart operation at 18 more mines, which were closed by the Supreme Court order, pending second and third renewal of their lease terms, by the end of July next.
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Odisha inland waterway to be ready in three years
The proposed inland waterway linking Kalinganagar industrial area, and eventually Talcher, to Paradip and Dhamra ports is to be ready in three years. The state government signing an MoU with the Inland Waterway Authority of India (IWAI) and the two ports in the state capital.
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Over 100 large projects await bank funding
Over 100 projects, including from Tata Steel and Hindalco, sought financial assistance from public sector banks during January-March 2014. The industrial houses are pinning hope on the new government to boost sentiments, especially in manufacturing and capital goods sectors.
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APSEZ appointed consultant to Dhamra Port
Adani Ports and Special Economic Zone (APSEZ) has been appointed as a management consultant to Dhamra Port, an equal joint venture of Larsen and Toubro (L and T) and Tata Steel. Dhamra Port wanted the expertise of Adani Ports in running the port.
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Steel: Bullish long term!
Hindsight: It has been a challenging year for Tata Steel as our expansion in capacity has coincided with a slowdown in steel-consuming sectors like automotive and construction. However, as we have opened up new market segments like SME and further leveraged our existing customer relationships and distribution network, we have grown at 10 to 12% over last year which is much better than the market.