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Budget 2024: Sitharaman cuts FY24 divestment target to Rs 30,000 cr, FY25 target at Rs 50,000 crBUDGET ANNOUNCEMENT: Finance Minister Nirmala Sitharaman has revised divestment target for FY24 and set a new one for FY25. Government is l...- Will Budget 2024 care to sell family silver as privatisation drive flops?The government is likely to miss its divestment targets for the fifth consecutive year, raising concerns about its privatisation plans. Dat...
- Running at 100 pc capacity now, NINL was home to snakes, scorpions when acquired by Tata Steel, says MD MehtaOn July 4, 2022, Tata Steel completed the acquisition of Odisha-based Neelachal Ispat Nigam Ltd (NINL) -- the first state-owned steel compa...
- Disinvestment fetches over Rs 4.20 lakh cr in 10 years but target to be missed again in FY24Big ticket privatisation plans such as that of Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India (SCI) and CONCOR are ...
- Tata Steel Long Products Q2 Results: Net loss narrows to Rs 460 croreIt had clocked a net loss of Rs 661.80 crore in the year-ago period, the company said in a regulatory filing
- Tata Steel Long Products Q4 Results: Firm reports Rs 184 crore lossTata Steel Long Products (TSLP) has posted a standalone loss of Rs 184.11 crore during the fourth quarter of financial year 2022-23, on acc...
- Tata Steel to invest Rs 12,000 cr in FY23 on India, Europe operations: CEO NarendranOn Tata Steel's interest in acquiring state-owned Rashtriya Ispat Nigam Limited (RINL), he said the company did not have a dedicated large ...
- Tata Steel Long Products drops 4% on posting Rs 331 cr net loss in Q1The company’s net loss stood at Rs 331.09 crore in the June 2022 quarter on account of higher expenses. The company had posted a profit of ...
- Tata Steel Long Products Q1 Results: Firm posts Rs 331 crore net lossThe company saw its expenses rise to Rs 2,489.58 crore from Rs 1,282.59 crore in the same period a year ago.A subsidiary of Tata Steel, TSL...
- Tata Steel aims to restart NINL steel mill in next 3 months: TV NarendranTata Steel's next move will be to take ownership of NINL and work hard along with employees and other stakeholders to realise the full pote...
- Tata Steel Long Products DRI output falls 4%; steel production grows 11% in Q1During the April-June 2022, the company produced 1.91 LT crude steel, up 11 per cent from 1.72 LT in the same period a year ago. The compan...
- MMTC shares rally 10% on transfer of stake in Neelachal Ispat NigamThe share purchase agreement was signed on March 10, following which the buyer, NINL and the six selling shareholders worked towards satisf...
- Tata Steel to work 'expeditiously' to restart NINL, expand capacity to 10 MT by 2030Tata Steel will leverage its capability in the long products business using its strong brand equity, particularly in the retail constructio...
- NINL ownership handed over to Tata group-owned TSLPTata Steel Long Products (TSLP) had in January emerged as the winning bidder, putting in bids worth Rs 12,100 crore for loss-making NINL, w...
- Tata Steel to ramp up Neelachal Ispat Nigam Ltd operation to 1.1 MTPA within a year: Chairman"Post-acquisition, we will endeavour to ramp up the operations of NINL to its rated capacity of 1.1 million ton per annum within the next 1...
- Neelachal Ispat Nigam acquisition crucial for Tata Steel's growth trajectory: OfficialTata Steel arm - Tata Steel Long Products (TSLP)- had in January this year won the bid to acquire a 93.71 per cent stake in NINL at an ente...
- LIC IPO to turn the insurer into India's largest listed financial firmWhen the IPO is complete, it would surpass the previous record set by Paytm’s owner, One97Communications, which raised Rs 18,300 crore last...
- Tata Steel arm accepts letter of award to acquire NINL; buyout process may complete in 2 monthsOn February 2, the Department of Investment and Public Asset Management (DIPAM) issued the LoA to Tata Steel Long Products (TSLP) for the a...
- Tata Steel's acquisition of NINL to strengthen long-steel output, mining interests: Moody'sMoody's Investors Service on Monday said the acquisition of Neelachal Ispat Nigam Ltd (NINL) by Tata Steel arm is credit positive because i...
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