Tata Steel

Tata Steel

Tata Steel is the world's fifth largest steel company. It is based in Jamshedpur, India.

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Tata-Steel at night

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Tata-Steel at night

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From:   www.afp.com
India's Tata Steel forecast Wednesday its European subsidiary Corus would be operating at 100 percent capacity by the end of this financial year thanks to a revival in global demand. The forecast by a senior official of Tata Steel, the world's eight-largest steelmaker, comes as other global steel producers have said they too see better times for the market. "Demand is coming back in the West," Tata Steel vice-chairman B. Muthuraman told reporters in New Delhi. "In October, capacity utilisation touched 80 per cent. It should be 85 percent by the end of November and 100 percent by the end of this financial year" ... Read Full Story
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From:   www.rupya.com
Tata Steel plans to raise funds for expansion Tata Steel plans to raise funds for expansion is a post from: First Blog for Indian Financial Market Read Full Story
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From:   www.rupya.com
Tata Steel plans to raise funds for expansion Tata Steel plans to raise funds for expansion is a post from: First Blog for Indian Financial Market Read Full Story
Written by siddhamalli on
From:   www.rupya.com
Tata Steel plans to raise funds for expansion Tata Steel plans to raise funds for expansion is a post from: First Blog for Indian Financial Market Read Full Story
From:   www.afp.com
The world's eighth-largest steel maker, Tata Steel on Tuesday said its second quarter net profit from Indian operations fell 49.5 percent, with prices and demand hit by the global slowdown. India's Tata Steel said its standalone net profit fell to 9.02 billion rupees (196 million dollars) for the three months to September, from 17.87 billion rupees a year earlier. Total income fell 16 percent to 56.29 billion rupees for the quarter, it said in a statement to the Mumbai stock exchange on Tuesday. Analysts had expected the company to post a profit of around 11 billion rupees. The earnings data does not include consolidated ... Read Full Story
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"This is the first big step that the Indian industry has taken in the international marketplace and equipped itself as a global player.  The underlying driver for the acquisition was that, if you are hungry for growth, you look at national and overseas boundaries."
  -  Rata Tata, patriarch and chairman of the Tata Group


"The Corus acquisition fits in with Tata Steel's strategy of achieving global reach in Europe and synergies with low-cost intermediaries in India."
  -  Tata Group spokesperson a press conference in Mumbai on Jan. 31

Source: http://www.msnbc.msn.com/id/16924629/

Tata Steel's (BSE:500470) US$5 billion project  in Vietnam may soon get off the ground with the south-east Asian country offering an alternative site to the steel major for setting up the plant.  
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NEW DELHI: After a delay of about two years, the Vietnam government has offered over 900 hectares of land to a joint venture led by Tata Steel for the proposed $5 billion project in the South-East Asian country. “We have formally accepted the ...  
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Strong opening for mkts; SBI, Tata Steel leadState Bank of India, JP Associates, Tata Steel and Reliance Industries were the biggest Sensex gainers in early trade. Top 5 picks of the day | Mid-term picks  
From economictimes.indiatimes.com ()
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LISLE, Ill.--(BUSINESS WIRE)--A white paper published today by The FactPoint Group, a Silicon Valley-based research and consulting firm, quantifies significant cost and efficiency gains at Corus Automotive Engineering Group (AEG), a leading engineering company using a private cloud solution powered by Univa UD and Intel technologies. Corus is part of Tata Steel, one of the top ten steel producers in the world. The solution, based on the Intel...  
From businesswire.com ()
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At 13:14 hours IST, the Nifty was trading higher along with some volatility though it breached the 4800 mark. Sectors like realty, metal, select banking, capital goods and power stocks were witnessing buying interest in the markets.  
From moneycontrol.com ()
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It has been reported that the world's eighth-largest steel maker, Tata Steel said its second quarter net profit from Indian operations fell 49.5 percent, with prices and demand hit by the global slowdown. Standalone net profit fell to 9.02 billion ...  
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Sensex ends in red; Maruti, Tata Steel downMarket ended volatile session on a lower note as traders squared off positions ahead of October F series expiry. Gainers: BSE ( A, B ), NSE | Losers: BSE ( A, B ), NSE  
From economictimes.indiatimes.com ()
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Tata Steel is India's largest integrated private sector steel company. Established in 1907, its steel plant at Jamshedpur produces four million tonnes of hot and cold rolled flat and long products.

The company is backward integrated with owned iron ore mines and collieries. With its competitive advantage in raw materials, efficient operations and the benefits of a recently-completed $2.3 billion programme of modernisation, Tata Steel is among the lowest cost steel producers in the world.

The steel major has won the Prime Minister's Trophy four times. This award is instituted by the Indian ministry of steel and awarded to the country's best integrated steel plant. In 2000, it became the first Tata company to win the JRD Tata QV award, given to the company with 'world class' operations under the Group's Tata Business Excellence Model.

Source: The Tata Group

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