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IMG deallocates 8th coal block, Plan panel for privatising mining


September 18th, 2012 - 9:26 pm ICT by IANS
New Delhi, Sep 18 (IANS) The inter-ministerial group (IMG) on coal block allocations Tuesday recommended de-allocation of Macherkunda block and deduction of bank guarantees of the Jitpur block and ... Read more...

Posted in Business |

Yeddyurappa seeks anticipatory bail as CBI raids continue (Lead)


May 16th, 2012 - 7:41 pm ICT by IANS
Bangalore, May 16 (IANS) Fearing imminent arrest, former Karnataka chief minister B.S. Yeddyurappa Wednesday applied for anticipatory bail in a special court even as the CBI continued its raids ... Read more...

Posted in Politics |

Jindal Steel denies CBI raid on Vijaynagar plant


October 3rd, 2011 - 10:22 pm ICT by IANS
Bangalore, Oct 3 (IANS) Jindal Steel Ltd (JSW) Monday denied a raid by the Central Bureau of Investigation (CBI) on its Vijayanagar plant near Karnataka's Bellary."A CBI team visited our ... Read more...

Posted in Business |

Larsen and Toubro bags Rs.1,610 orders in Q1


June 24th, 2011 - 2:56 pm ICT by IANS
Mumbai, June 24 (IANS) Construction and engineering major Larsen and Toubro (L&T;) Friday said its construction division has bagged orders worth Rs.1,610 crore from Tata Steel Ltd, India Bulls Ltd ... Read more...

Posted in Business |

Tata Steel hopes to save Rs.100 using Dhamra port


January 18th, 2011 - 7:42 pm ICT by IANS
Chennai, Jan 18 (IANS) Tata Steel Ltd is confident of saving at least Rs.100 crore annually once the Dhamra port in Orissa is fully operational, a company official said here Tuesday."We will ... Read more...

Posted in Business |

Tata Steel evaluating Rio Tinto’s offer for Riversdale


December 24th, 2010 - 8:15 pm ICT by IANS
Mumbai, Dec 24 (IANS) Tata Steel Ltd Friday said it was evaluating Rio Tinto's $3.91 billion takeover offer for Riversdale Mining."Tata Steel will evaluate the takeover bid in the context of other ... Read more...

Posted in Business |

JSW Steel’s net falls 1.35 percent


October 26th, 2010 - 6:20 pm ICT by IANS
New Delhi, Oct 26 (IANS) Steel manufacturer JSW Steel Ltd Tuesday reported a marginal decline of 1.35 percent in its net profit for the second quarter of the current fiscal, which stood ... Read more...

Posted in Business |

Equipment foundation of Salboni project by December


September 8th, 2010 - 9:17 pm ICT by IANS
Kolkata, Sep 8 (IANS) Steel manufacturer JSW Bengal Steel expects equipment foundation of the Salboni project in West Midnapore district of West Bengal to begin in December, a top official said here ... Read more...

Posted in Business |

Only two mining licences for value addition issued: Yeddyurappa (Lead)


September 3rd, 2010 - 9:48 pm ICT by IANS
Bangalore, Sep 3 (IANS) Karnataka Chief Minister B.S. Yeddyurappa Friday said his government had issued two mining licences only for value addition and renewed leases to eight companies in accordance with ... Read more...

Posted in Business |

Prime Minister’s Shram Awards for the year 2008 announced


August 14th, 2010 - 11:25 pm ICT by ANI
New Delhi, Aug.14 (ANI): The Government on Saturday announced the Prime Minister's Shram Awards for the year 2008.Prime Minister's Shram Awards for the year 2008 will be awarded to 52 workers ... Read more...

Posted in National |

SAIL starts revival of its Jagdishpur unit


July 26th, 2010 - 8:16 pm ICT by IANS
New Delhi, July 26 (IANS) State-run Steel Authority of India's (SAIL) Monday started the revival of its Jagdishpur unit, laying the foundation stone for a new TMT bar mill at the project ... Read more...

Posted in Business |

BOC to raise Rs.780 cr in 2011


May 24th, 2010 - 9:34 pm ICT by IANS
Kolkata, May 24 (IANS) BOC India Ltd would raise Rs.780 crore (denominated in euros) in 2011 through external commercial borrowing to execute its projects of Steel Authority of India and Tata Steel ... Read more...

Posted in Business |

JSW Steel plans to complete Salboni project in three years


February 9th, 2010 - 12:04 am ICT by IANS
Kolkata, Feb 8 (IANS) Steel maker JSW Steel Ltd will complete the first phase of its project in West Bengal's Salboni in three years, its managing director Sajjan Jindal said here Monday. "We ... Read more...

Posted in Business |

McNally Bharat’s German arm wins Rs.500 million order


January 8th, 2010 - 10:39 pm ICT by IANS
Kolkata, Jan 8 (IANS) McNally Bharat Engineering Company Limited (MBE)'s newly acquired German company has won orders totalling Rs.500 million in Oct-Dec period of the current fiscal (2009-10), a company release said ... Read more...

Posted in Business |

JSW Steel plans to raise Rs.6,600 cr for Bengal project


October 8th, 2009 - 8:00 pm ICT by IANS
Kolkata, Oct 8 (IANS) JSW Steel, part of the Sajjan Jindal-owned JSW Group, aims to raise Rs.6,600 crore through debt for financing its Rs.11,000-crore steel project in West Bengal's Salboni, a senior ... Read more...

Posted in Business |

Tata Steel net profit up 213 percent


December 2nd, 2008 - 10:42 pm ICT by IANS
New Delhi, Dec 2 (IANS) Tata Steel Ltd, one of the leading steel makers in the world, Tuesday said its consolidated net profit rose 213 percent for the quarter ended September 2008, ... Read more...

Posted in Business |

Tata Steel to buy 19.9 percent stake in Canadian mining firm


October 1st, 2008 - 10:32 pm ICT by IANS
New Delhi, Oct 1 (IANS) Singapore-based Tata Steel Global Minerals Holdings Pte Ltd (TSGM), a wholly-owned indirect subsidiary of Tata Steel Ltd, Wednesday announced it will acquire 19.9 percent stake in the ... Read more...

Posted in Business |

Chhattisgarh to get Rs.427.6 bn in steel sector


August 9th, 2008 - 4:12 pm ICT by IANS
Raipur, Aug 9 (IANS) As many as 20 steel makers have signed separate deals with the Chhattisgarh government that will bring investments worth Rs.427.61 billion ($10.2 billion) to the state, a senior ... Read more...

Posted in Business |

Inflation will moderate in six to nine months: Chidambaram


August 6th, 2008 - 10:59 pm ICT by IANS
New Delhi, Aug 6 (IANS) Finance Minister P. Chidambaram Wednesday told a gathering of Congress spokespersons here that inflation would take a minimum six to nine months to moderate. Speaking at the ... Read more...

Posted in Politics |

‘No plan to list Tata Steel Global’


August 6th, 2008 - 8:28 pm ICT by IANS
Kolkata, Aug 6 (IANS) India's largest private steel manufacturer Tata Steel Ltd said Wednesday that there was no plan to list Tata Steel Global Resources (TSGR), the holding company for its steel ... Read more...

Posted in Business |

Tata Steel posts Rs.14.88 bn net profit


July 31st, 2008 - 11:20 pm ICT by IANS
Mumbai, July 31 (IANS) Tata Steel Ltd, part of the $55 billion Tata Group, Thursday announced a net profit of Rs.14.88 billion for the first quarter of 2008-09 compared to Rs.12.22 billion ... Read more...

Posted in Business |

Post-Corus, Tata Steel’s consolidated profits soar (Lead)


June 26th, 2008 - 10:29 pm ICT by IANS
Kolkata/Mumbai, June 26 (IANS) Tata Steel Ltd, which acquired Anglo-Dutch giant Corus Group Plc. last year, has registered a net consolidated profit of Rs.123.22 billion for the year ended March 31 2008, ... Read more...

Posted in Business |

Tata Steel posts net profit of Rs.123 bn


June 26th, 2008 - 9:34 pm ICT by IANS
Kolkata, June 26 (IANS) Tata Steel Ltd registered a net consolidated profit of Rs.123.22 billion for the year ended March 31 2008, compared to Rs.41.66 billion the previous fiscal. The board of ... Read more...

Posted in Business |

Tata Steel garners Rs.20 bn through NCDs


May 8th, 2008 - 8:43 pm ICT by admin
Mumbai, March 8 (IANS) India's metal major Tata Steel Ltd has raised Rs.20 billion through private placement of redeemable non-convertible debentures (NCDs) as part of its long-term financing plans. The NCD issue ... Read more...

Posted in Business |

Tata Steel Q3 net profit rises to Rs.14.02 bn


March 12th, 2008 - 9:09 pm ICT by admin
Mumbai, March 12 (IANS) India's steel major Tata Steel Ltd posted a net profit of Rs.14.02 billion ($350 million) for the quarter ending Dec 31, compared to Rs.10.55 billion in the corresponding ... Read more...

Posted in Business |

Kalyani Steel to set up plant in West Bengal


February 21st, 2008 - 9:52 pm ICT by admin
Kolkata, Feb 21 (IANS) Kalyani Steel Ltd, part of $2.1-billion global auto-component solution major Kalyani Group whose flagship company is Bharat Forge Ltd (BFL), Thursday inked a memorandum of understanding (MoU) with ... Read more...

Posted in Business |

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