Tata Iron and Steel (TISCO)

  • Tata Steel, Vale to invest Rs 1,555cr in Aus

    Mega expansion work planned at Carborough Downs, starting later this month. As part of its efforts to ensure raw material security, Tata Steel along with Brazilian mining giant Vale and other joint venture partners, is undertaking a massive expansion of the Carborough Downs coal mine near Moranbah in Central Queensland, Australia, for an investment of $379.41 million (about Rs 1,555 crore).

  • Tata Steel targets Brazil iron ore assets of London Mining

    Tata Steel, the world's sixth-largest steel maker, is looking to acquire Brazilian iron ore assets of the UK-based London Mining (LM), which will help ensure raw material supply for its Anglo-Dutch subsidiary, Corus. The valuation of the asset is yet to be completed, but analysts said, it would be in the range of $2 billion. Tata Steel is among various global steel and mining majors that have shown interest in acquiring the assets after London Mining said it was reconsidering its investments in Brazil last month.

  • Tata Steel gets SC approval

    The Supreme Court today granted approval for Tata Steel's prospecting licence for mining in Bailadila block in Chhattisgarh for its steel plant at Naxal-infested Dantewada district in the state. A special forest Bench headed by Chief Justice K G Balakrishanan while granting approval for prospecting licence to Tata said the company should approach Director General, Forest for clearance.

  • Indian Villagers Protest Deep-Sea Port

    Authorities in eastern India arrested at least 100 villagers and deployed a huge police force to quell a protest against a proposed deep-sea port, officials said on Monday. Villagers in Orissa state, fearing they will lose their land without adequate compensation, forced officials to suspend construction work late on Sunday in Dhamra, where India is planning to build one of its biggest ports. The proposed port on the eastern coast will handle 83 million tonnes of cargo per year, said Santosh Mohapatra, chief executive of Dhamra Port Company Ltd.

  • Steel industry not to fall prey to temptations of market'

    Tender plant: Prime Minister Manmohan Singh plants a sapling during the centenary year celebrations of the Tata Steel at JRD Tata Sports complex in Jamshedpur on Tuesday. Prime Minister Manmohan Singh on Tuesday urged the steel industry not to fall prey to the temptation of seeking windfall gains from market manipulation in a period of excess demand. "Industry and trade must eschew short-term gains that hurt consumers and disrupt the stability of the process of economic growth,' he said.

  • Tata Steel's TN project stuck on land issue

    The Tatas have shut down their offices in Tirunelveli and Sattankulam earlier this year and stopped any attempt to buy land, say company officials. The Rs 2,500-crore Tata Steel titanium dioxide project has been stalled with the Tatas giving up trying to buy land for the project in Tamil Nadu. According to company officials, the Tatas have shut down their offices in Tirunelveli and Sattankulam earlier this year and stopped all attempts to buy land. In the last one year, against an estimated 9,829 acres needed for the project the company has been able to get 25 acres.

  • Tata, MMTC to float JV for mine hunt

    New Delhi, Apr 9 In yet another major public-private partnership, Tata Steel will float a joint venture company with state-owned MMTC Ltd for acquiring mining projects in India and abroad. The JV will focus on African countries like Angola and Namibia and central Asian countries like Kazakhstan and Uzbekistan to bid for gold and diamond mines, besides acquiring coal and iron ore mines.

  • Testing the limits of market economy

    The primary economy ought to be bridled with some price or other controls that would take the benefits of natural resources to the people who

  • Where CSR is a way of life

    Tata Steel's social responsibility predates regulations.

  • Three Tata Steel projects suffer major delays

    Rehab, clearances a bother in Jharkhand, Orissa, Chhattisgarh. Tata Steel's greenfield projects in Jharkhand, Orissa and Chhattisgarh have been delayed by about 12 to 16 months due to issues over land acquisition and resettlement, the company's executives said. The company plans to invest about Rs 90,000 crore in the three projects, which will have a total capacity of 23 million tonnes. Speaking to journalists today on the sidelines of Steelrise 2008, a three-day conference, the company's Chief Operating Officer H M Nerurkar said that all the projects were delayed. Construction work has not started on the first project, which was to go on stream in Kalinganagar (six million tonnes). About 400 families are yet to be re-settled for the project. Equipment costing about Rs 10,000 crore had already been ordered for the Kalinganagar plant, said Amit Chatterjee, advisor to Tata Steel Managing Director B Muthuraman. The project would be spared some cost overruns as the equipment was ordered some time back. Still, the equipment is expected to come this year and there could be penalties if it was not cleared in time from the ports. Nerurkar was optimistic about the construction work starting by March-end. In Orissa, the company is yet to get recommendation for iron ore mines for its project in the state. The state government was assessing the mines that Tata Steel already has there, Nerurukar said. The scenario is no better for the company's proposed five million tonnes plant in Chhattisgarh. According to Varun Jha, vice president, Chhattisgarh project, the first phase is planned to be commissioned by 2011 and the second phase by 2015. But the project has been delayed on account of litigation over mines. About two-thirds of the residents have accepted the compensation package. Investments would depend on when the project would start, Jha said. Addressing a seminar at the steel conference, Partha Sengupta, vice president (corporate services), Tata Steel, who is in charge of the Jharkhand project, pointed out that applications for land acquisitins were made a year and a half ago. However, the state government was yet to announce a rehabilitation and resettlement (R&R) package, which was necessary for land acquisition, he said.

  1. 1
  2. ...
  3. 13
  4. 14
  5. 15
  6. 16
  7. 17