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Steel maker News

07 Aug 2017

Tata Steel swings to profit in first quarter, but lags estimates

Tata Steel Ltd swung to a first-quarter profit from a loss a year ago, as sales volumes were boosted by the ramp-up of its Kalinganagar plant.

08 Sep 2016

SAIL Q1 net loss widens; sees steel demand to rise in H2 FY'17

India's largest steelmaker SAIL Thursday said its standalone net loss widened to Rs 534.92 crore in the June quarter this fiscal on account of a dip in sales realisation and higher interest and depreciation charges.

11 Aug 2015

Tata Steel sells 2.18% stake in Titan to Tata Sons

In a BSE filing, the Mumbai-based firm said: it "has on August 11, 2015 sold 1,93,87,920 shares (2.18 per cent) of Titan Company Ltd to Tata Sons Ltd through a market sale for a net consideration of Rs 637.46 crore."

31 Jul 2015

ArcelorMittal keeps forecast despite worse market view

The group said it now expected the Chinese market to contract by up to 1 percent, having previously guided for growth of between 0.5 to 1 percent.

16 Jul 2015

Not quitting Odisha: Posco

The company is reducing its unused office space and other expenditure as part of massive global cost restructuring programme, said a person in the know of developments.

10 Jul 2015

Simon Wandke becomes ArcelorMittal Mining CEO

He has also been nominated as ArcelorMittal's Executive Vice President.

30 Mar 2015

NMDC commences production at Rs 600 cr Bailadila plant

Country's top iron ore producer NMDC on Monday said it has commenced trial production at its over Rs 600 crore Bailadila plant in Chhattisgarh.

13 Feb 2015

SAIL Q3 Net up 9% at Rs 579 crore

The company had clocked Rs 533 crore net profit in the corresponding quarter of last fiscal, it said in a statement.

08 Jan 2015

SAIL plans Rs 1,50,000 crore investment by 2030-31

SAIL, country's largest steel maker, has charted investment of Rs 1,50,000 crore till 2030-31 to ramp up steel production from 23 million tonnes to 50 million tonnes.

26 Sep 2014

B Muthuraman's 48-year long stint with Tata Steel ends

B Muthuraman on Friday had his last day in office after 48-year long stint on attaining the age of 70.

11 Aug 2014

SAIL Q1 net profit rises 18% to Rs 530 crore

The turnover of the company rose to Rs 12,515 crore, registering a growth of 10 percent as compared to year-ago period.

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