Tata Steel
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Opportunity India Desk Jul 28 2022 - 2 min readTata Steel, has struck a deal with a Bengaluru-based start-up, Aarav Unmanned Systems, for drone-based mining solutions for efficient mine management. The primary goal of this collaboration is to create and deliver long-term, end-to-end integrated solutions for open cast mining operations that prioritise efficiency, safety, and productivity. According to the companies statement, "Tata Steel has ...
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Priyanka Tanwer Jun 07 2022 - 3 min readAs a result of sustained focus on customer relationships, distribution network, Tata Steels has recorded the highest ever consolidated EBITDA of INR 63,830 crore, a growth of 107 per cent, translating into an EBITDA per tonne of INR 21,626 and a healthy EBITDA margin of 26 per cent, the company said in its annual report. “FY ...
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Franchise India Bureau May 19 2018 - 1 min readJapan’s diversified conglomerate Sumitomo Corporation has agreed to buy a 49% stake in its Indian joint venture Mukand Sumi Special Steel Ltd for Rs 1,181 crore ($173.6 million), said JV partner Mukand Ltd, an auto steel supplier. Sumitomo and Mukand had announced the JV in March 2017, whose proposed Karnataka mill ...
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Franchise India Bureau Mar 23 2018 - 1 min readIndia’s Tata Steel Ltd has claimed to have been selected as the successful resolution applicant for buying bankrupt Bhushan Steel Ltd. In a filing the company said, the Committee of Creditors of Bhushan Steel had on Thursday declared salt-to-software conglomerate Tata Group’s steel business as the successful resolution applicant, subject to ...