TATA STEEL UK
Tata Steel signs 500 million pound-deal with UK govt for Port Talbot steel plant
Tata Steel and the UK government have signed joint agreement on a proposal to invest in Electric Arc Furnace steelmaking at the Port Talbot site costing £1.25 billion, with the government granting up to £500 million, the company said in a stock exchange filing.Tata Stee...
Tata Steel Q3 Results Preview: All eyes on UK ops roadmap, other key factors to watch out for
The December quarter earnings of Tata Steel Ltd are expected to be mixed, with a better show by Indian business to offset the continued weakness in European operations. The steelmaker is seen reporting a consolidated net profit of Rs 608 crore for the quart...
Tata Steel Q2 Results: Company reports Rs 6,196 cr loss on UK impairment; revenue down 7% YoY
Tata Steel on Wednesday posted net loss of Rs 6,196 crore for the quarter ended September 2023. The company reported a profit of Rs 1,514 crore in the year-ago quarter. Revenue from operations during the second quarter fell 7% year-on-year (YoY) to Rs 55,68...
Tata Steel agrees to British pension deal
Tata Steel has agreed the key commercial terms of a deal to cut benefits and improve the funding position of its British pension scheme, the Indian company said on Tuesday.Tata Steel agrees to British pension deal
Tata Steel's UK exit delayed?
Tata Steel may "pause" its plans to sell off most of troubled UK units, including the mammoth Port Talbot steelworks in Wales, as Britain's business minister is set to hold talks with the senior management of the Indian steel giant in Mumbai to achieve a long-term solution.Tata Steel's UK exit delayed?
Tata Steel, Liberty House sign LoI for UK steel biz
Tata Steel and Liberty House sign letter of intent for potential sale of UK steel business.Tata Steel, Liberty House sign LoI for UK steel biz
Tata Steel cancels sale of UK business
Tata Steel has cancelled the sale of their UK assets and is expected to cut costs by 100 million pounds , said the company after a marathon Board meeting.Tata Steel cancels sale of UK business
JSW Steel begins due diligence of Tata Steel UK
Private steel firm JSW Steel has begun due diligence of Tata Steel UK with the board set to discuss assets on May 18.JSW Steel begins due diligence of Tata Steel UK
JSW to bid for TATA Steel's UK assets
The management team of JSW Steel is all set to take part in the bidding process of Tata Steel UK assets. However, JSW is not interested in taking past liabilities of TATA Steel's UK operations.JSW to bid for TATA Steel's UK assets
Tata Steel may be close to pension deal: Report
Indian steel giant Tata Steel is believed to be edging closer to striking a new deal over the 15-billion-pound pension pot that stands in the way of an agreement over of its UK steelworks.Tata Steel may be close to pension deal: Report
Tata Steel may be close to pension deal: Report
Indian steel giant Tata Steel is believed to be edging closer to striking a new deal over the 15-billion-pound pension pot that stands in the way of an agreement over of its UK steelworks.Tata Steel may be close to pension deal: Report
Tata steel UK to replace old British Pension Scheme
Tata Steel also started a process to close the expensive British Pension Scheme replace it by defined contribution scheme, which will lower uncertainty in payouts. The new scheme will have a maximum contributions of 10% from the company and 6% from employees, the unions.Tata steel UK to replace old
Tata steel UK to replace old British Pension Scheme
Tata Steel also started a process to close the expensive British Pension Scheme replace it by defined contribution scheme, which will lower uncertainty in payouts. The new scheme will have a maximum contributions of 10% from the company and 6% from employees, the unions.Tata steel UK to replace old
UK minister to meet Cyrus Mistry over Tata Steel UK
On order to save Tata Steel UK , Sajid Javid has flown to India to discuss the issue with Cyrus Mistry.UK minister to meet Cyrus Mistry over Tata Steel UK
Tata Steel takes seven potential bids for UK assets
Tata Steel Europe said on Monday that seven expressions of interest for its British operations had been taken forward to the next stage of the sale process.Tata Steel takes seven potential bids for UK assets
Two formal bids emerge for Tata Steel UK
Two formal bids, including one by a team of former Tata Steel staff who have the backing of the Welsh government, have emerged to acquire the steel giant's loss-making UK assets. Carwyn Jones, First Minister, Wales, talks about the same.Two formal bids emerge for Tata Steel UK
Cannot continue to bleed: Tata Steel to UK MPs
Tata Steel UK 'cannot continue to bleed' from its loss making steel units in the country and a buyer needs to be found soon, the company's CEO Bimlendra Jha told a British parliamentary committee.Cannot continue to bleed: Tata Steel to UK MPs
UK govt may buy 25% equity stake in Tata Steel
The UK government is ready to take a minority stake of as much as 25% in Tata Steel's UK business to support the sale and offer hundreds of millions of pounds in debt relief, as it makes an urgent bid to stop the Britain's largest steelmaker from shutting down.UK govt may buy 25% equity stake in Tata St
UK launches fraud probe into Tata Steel: Report
Britain has launched a criminal inquiry into the workings of Indian giant Tata Steel, which is seeking to sell its loss-making UK businesses, according to a media report here today. Tata Steel is believed to have referred itself to the Serious Fraud Office (SFO) after an internal inquiry at its Yorkshi
UK ready to support Tata Steel to avoid shutdown
The executive chairman of commodities company Liberty House Sanjeev Gupta has had a "positive" meeting with the UK government regarding the future of Tata Steel's UK operations, he said in a statement.UK ready to support Tata Steel to avoid shutdown
Sensex, Nifty50 start on a positive note
Benchmark indices opened on a firm note on Thursday ahead of UK’s snap general elections, ECB’s policy review and former FBI director James Comey’s congressional appearance later in the day.Sensex, Nifty50 start on a positive note
Tata Steel shortlists 3 bidders for UK assets: Report
According to sources, Tata Steel has shortlisted 3 bidders for the sale of its UK assets that include Excalibur, Liberty House and Endless LLP.Tata Steel shortlists 3 bidders for UK assets: Report
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Need time to evaluate bid offers for UK assets: Tata Steel
Tata Steel said the sale process of its UK assets is on going with some bidders continue their due diligence while some have submitted their final bids. Replying to ET Now questions, Koushik Chatterjee, group executive director for finance and corporate affairs, said that the company is in t
7 bidders for Tata Steel's UK biz to submit binding bids
Tata Steel had shortlisted seven bidders including US’ steel giant Newcore Steel, Greybull Capital, Excalibur Steel, Liberty House, JSW Steel and Hebei Iron & Steel.7 bidders for Tata Steel's UK biz to submit binding bids
‘Need for govt intervention on pension liabilities’
Amidst the ongoing bid for Tata Steel's UK plant , ET Now speaks exclusively to First Minister of Wales Carwyn Jones about the bidding process and its proper execution.‘Need for govt intervention on pension liabilities’
Tata Steel confirms sale of UK plant to Greybull Capital
Tata Steel, according to reports, has confirmed it has sold its steel plant in Scunthorpe to investment firm Greybull Capital. The sale to UK-based investment firm Greybull Capital, would involve a 400 million pounds investment package, the reports said.Tata Steel confirms sale of UK plant to
Tata Steel UK business sale begins on April 11
Tatas will launch the sale process by Monday for its cash-guzzling steel business in the UK with the British government promising to help find a serious buyer in its bid to secure jobs of thousands of workers at plants there.Tata Steel UK business sale begins on April 11
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