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London/New Delhi: The United Kingdom on Friday announced a joint investment package with Tata Steel worth 1.25 billion pounds, including a government grant of 500 million pounds, for the country’s largest steelworks in Wales that will help protect thousands of jobs and boost the British economy. The government’s grant has been dubbed as one of…
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Britain said the new electric furnaces would cut the country’s entire emissions by around 1.5%. London: Britain is to pump 500 million pounds ($621 million) into Tata Steel to decarbonise its Welsh site, in a deal aimed at securing the future of the country’s steel industry but which puts as many as 3,000 jobs at…
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Private steel major Tata Steel announced a total payout of ₹314.70 crore on account of annual bonus to employees for the year 2022-2023 following the signing of a Memorandum of Settlement with Tata Workers’ Union (TWU) in Jamshedpur. As per the Memorandum of Settlement the total payout for eligible employees of all applicable divisions of…
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India’s Tata Steel Ltd. expects lower steel prices in the July-September quarter in India and Europe, aided by a fall in the prices of coking coal, a key raw material, its chief executive and managing director said on July 25. “In India, the Q2 [July-September] realisation will be about 3,000-3,100 rupees per tonne [$36.65-$37.87] lower…
FILE PHOTO: A man walks past a screen displaying Tata Steel logo before the start of a news conference in Mumbai, India May 25, 2016. REUTERS/Danish Siddiqui TPX IMAGES OF THE DAY/File Photo | Photo Credit: DANISH SIDDIQUI Tata Steel on July 24 posted over 93% decline in consolidated net profit to ₹524.85 crore for…
Read More “Tata Steel Q1 net profit falls over 93% to ₹524.85 crore” »
