A new value added product for the construction industry is to come from Tata Steel. It is called as 'Ground Granulated BF Slag' (GGBS). Tata Steel has planned to introduce the product very soon in the country, say media reports. GGBS has been widely used in developed economies for years and of late was also getting used in major construction projects in India, a company release said.
Tag: Tata Steel
Post
Post
Tata Steel posts Rs 917 cr net on improved biz
In the second quarter, Tata Steel on November 13 reported a consolidated net profit of Rs 917 crore against a net loss of Rs 364 crore a year ago, mainly because of improved share in the domestic market coupled with better pricing and rising volume in its largest market, Europe.
Post
Tata Steel plans furnace in UK to tap aerospace industry
Tata Steel is to construct a new 15-million pound vacuum induction melting (VIM) furnace at its South Yorkshire plant in the UK by 2015. The furnace is to develop innovative products for aerospace industry and tap new market opportunities. The furnace will enable the firm to increase its supply of high-purity steel to the aerospace industry.
Post
Adani Ports may buy Dhamra port in Odisha
In Odisha, Adani Ports and Special Economic Zone (APSEZ) has reportedly interested to buy Dhamra Port Co (DPCL), a venture of Larsen and Toubro and Tata Steel, early this year for about Rs 5,000 crore, say media reports quoting sources in the companies mentioned. APSEZ is set to buy Dhamra port after its operator secured environmental and coastal clearances for its second phase of expansion.
Post
Tata Steel hopes to raise sales in FY14
Tata Steel, which sold 7.5 million tonne of steel in 2012-13, plans to raise the sale to 8.5 million tonne in the current financial year, which is a growth of around 13.3 per cent. The company is hopeful of raising sales in the current fiscal as it expects increase in demand following the monsoon season. During Apr-Jun 2013, the firm posted a year-on-year sales growth of 26 per
Post
Tata plans to produce 1 mnt iron ore from Canadian project
During the current fiscal, Tata Steel is planning to produce one million tonne iron ore from its Canadian project. When it materialises, it will boost the raw material supply to Tata's European operations. The company is also targeting to ramp up the production from Direct Shipping Ore (DSO) project to over 3 million tonne (mt) next fiscal, the company has said.
The production is expected to begin from October-December quarter.
Post
APSEZ, Tata Steel may tie up for goods handling
Adani Ports and Special Economic Zone (APSEZ) has started talks with Tata Steel regarding the terms of handling cargo at Dhamra Port in Orissa, a port which is jointly owned by Tata Steel and Larsen and Toubro, signaling a significant move towards acquiring a strategic control of the port. APSEZ held discussions with Tata Steel previous week regarding cargo handling at the port. Tata's arm TM International Logistics currently manages the port.
Post
Banks offer Rs 228 bn funding commitment to steel project
A consortium of 21 banks has offered funding commitment of Rs 22,800 crore for Tata Steel Odisha's proposed greenfield 6 million tonne steel plant in Kalinganagar. According to Dealogic, global deal tracking firm, this is the largest project financing loan on record. The company plans to implement the project in two phases of 3 million tonne each. So far in 2013, the India project financing loan volume stood at $14.7 billion, 13 per cent higher than $12.
Post
India consumes marginally less steel during Apr-May
During April-May 2013, India consumed 11.69 million tonne (mn t) steel, a 0.8 per cent decline from 11.78 mn t steel consumed in the year-ago period. Data released by Joint Plant Committee, a body under the steel ministry shows. During the period, steel production grew 3.1 per cent to 13.03 mn t, led by higher output by SAIL and Tata Stee
Post
Rating agencies comment of Tata Steel’s writedown
According to analysts in India Ratings, Tata Steel's investment in its European unit has not delivered returns according to the management's expectation. This prompted the firm to writedown $1.6 billion asset in its European unit, Rakesh Valecha, Senior Director at India Ratings feels. Tata Steel attributed the writedown to "weak economic and market conditions" in Europe and it expects this situation to continue "over the near- and medi