Maharatna Steel Giant in Focus On Crossing Rs 1 Lakh Cr Turnover & Best Figures

By Malvika Gurung Investing.com — Shares of the country’s largest steel-making company Steel Authority (NS:) of India will be in focus on September 29, after the state-owned giant announced posting its best-ever production performance in the last fiscal, FY22. The Maharatna CPSE has recorded the production of 18.733 million tonnes of hot metal and 17.366 million … Read more

Tata Group in rejig mode, 7 Tata metal companies to merge with Tata Steel (2nd Ld)

Chennai, Sep 23 (IANS) Steel major Tata Steel (NS:) Ltd on Friday announced a mega merger of listed and unlisted companies, mainly to derive business synergies and also to reduce and simplify the Tata Group’s steel business structure. Tata Steel’s Board on Thursday approved the amalgamation of seven group companies with the former. The merging … Read more

Mega Merger: Seven Tata companies to amalgamate with Tata Steel (Ld)

Chennai, Sep 23 (IANS) Steel major Tata Steel (NS:) Ltd on Friday announced a mega merger of listed and unlisted companies mainly to derive business synergies and also to reduce and simplify the Tata Group’s steel business structure. Tata Steel’s Board on Friday approved the amalgamation of seven group companies with the former. The merging … Read more

Tata Steel to amalgamate seven companies with itself

Chennai, Sep 23 (IANS) Steel major Tata Steel (NS:) Ltd will amalgamate seven group companies with itself, the company said. In a regulatory filing, Tata Steel said its Board of Directors at a meeting held on Friday has approved the seven schemes of amalgamation: 1. Tata Steel Long Products (NS:) Limited 2. The Tinplate Company … Read more

Tata Steel Mega-Merger With 7 Subsidiaries: Rationale, Swap Ratios & Deal Details

By Malvika Gurung Investing.com — In a move to consolidate businesses that share common synergies and unlock maximum value to shareholders, the leading steel manufacturing behemoth Tata Steel (NS:) will be amalgamating seven of its group companies with itself. In a board meeting conducted on Thursday, Tata Steel’s board approved the amalgamation of its seven subsidiaries, … Read more

Key Stocks in Focus: Tata Steel, M&M, Central Bank of India, SpiceJet & More

By Malvika Gurung Investing.com — Yes Bank (NS:): The private lender’s board has approved to sell stressed assets worth about $6 billion to equity firm JC Flowers ARC, which was the only bidder for the portfolio. Hero MotoCorp (NS:): The two-wheeler manufacturer has collaborated with the state-owned Hindustan Petroleum (NS:) to develop charging infrastructure for … Read more

Essar eyes commisioning of 4mtpa steel complex in Saudi Arabia by end-2025

Mumbai, Sep 20 (IANS) In an interview to an international publication posted on social media, a senior executive of Essar said that the company plans to build a 4mtpa steel complex in the Kingdom of Saudi Arabia. India’s Essar Group, which is carrying out the largest foreign direct investment in Saudi Arabian steel industry history, … Read more

Key Stocks in Focus on Sept 12: RIL, Anupam Rasayan, Tata Steel & More

By Malvika Gurung Investing.com — Reliance Industries (NS:): The oil-to-telecom conglomerate has acquired the polyester chips and yarn manufacturer Shubhalakshmi Polyesters for Rs 1,592 crore, and is subject to CCI and the respective lenders’ approval. ONGC (NS:): The PSU major has signed six contracts for Discovered Small Fields in the Offshore under the DSF-III bid … Read more