Tata Steel faces more pain before it can heal in Europe. German rival ThyssenKrupp has outperformed the Indian group since last September, when the two agreed a 50-50 joint venture to create Europe’s second-largest steelmaker.
Tata Steel has joined the race for Usha Martin’s Jamshedpur facility, which was put on the block to pare some of the parent’s debt.
Import demand from thermal power plants remained low due to ample supply from domestic sources, mjunction CEO Vinaya Varma said while commenting on the coal import trend.
A new management team has been put into place at Bhushan Steel Ltd. after it was acquired by Tata Steel Ltd. through India’s new insolvency and bankruptcy process.
Congratulations on winning the bid for Bhushan Steel. What made you come to the valuation of Rs 36,000 crore for Bhushan Steel? Do you expect the synergies to pan out for Tata Steel and Bhushan Steel at a later point of time
Bamnipal Steel Ltd (BNPL), a wholly-owned subsidiary of Tata Steel, has successfully completed the acquisition of controlling stake of 72.65 per cent in Bhushan Steel Ltd (BSL).
Renaissance Steel Pvt Ltd, one of the unsuccessful resolution applicant for Electrosteel Steel Ltd, moved the National Company Law Appellate Tribunal (NCLAT) on Friday seeking a declaration that Tata Steel Ltd, another unsuccessful resolution applicant,
Tata Steel has announced its acquisition of Bhushan Steel (BSL) through its wholly-owned subsidiary Bamnipal Steel Ltd (BNPL), completing the resolution of the first case under the Insolvency and Bankruptcy Code (IBC), 2016.
The National Company Law Appellate Tribunal (NCLAT) will next week hear Bhushan Steel promotor Neeraj Singal’s plea against acquisition of the company by Tata Steel.
Beefed up by strong set of numbers for the previous quarter and rising steel prices, JSW Steel yesterday announced that it will hike up its steel capacity by 37 per cent in the next two years. Clearly, it does not intend to relinquish its position as India’s largest steel maker to Tata Steel.