Company shielded temporarily from ₹2,410.90 crore demand over alleged dispatch discrepancies Bhubaneswar: Tata Steel has secured temporary judicial protection from the Orissa High Court after mining authorities issued a substantial demand related to alleged discrepancies in chrome ore dispatches from the company’s Sukinda Chromite Block in Jajpur district. The dispute arose when the Office of…
Company Approves ₹610-Crore Deal, Reports Q2 Results, and Declares Interim Dividend Bhubaneswar : Indian Metals & Ferro Alloys (IMFA) on Tuesday announced that it will acquire Tata Steel’s ferro alloys plant located in Odisha, marking a major expansion move for the company’s core business. The decision was approved during the board meeting held on November…
Company plans to challenge the order; cites ongoing High Court stay on similar demand from last year Bhubaneswar : In a major development, the Odisha government has raised a demand of ₹2,410.89 crore against Tata Steel Ltd over an alleged shortfall in chrome ore dispatch from its Sukinda Chromite Block in Jajpur district for the…
Producers highlight high iron ore premiums and call for government action to ensure global edge Bhubaneswar : India’s leading steel producers have urged the government to take immediate steps to lower input costs, particularly iron ore and coking coal, in order to maintain global competitiveness. At the ISA Steel Conclave 2025 held, top executives from…
Four-year initiative aims to benefit 2.28 lakh slum households by improving access to welfare schemes and creating inclusive urban habitats. Bhubaneswar : The Odisha government and Tata Steel Foundation (TSF) have joined hands to address urban inequality through a new partnership that promises to transform informal settlements into inclusive and resilient urban spaces. The Housing…
Focus on New Investments and Strengthening Industrial Growth Bhubaneswar: Tata Steel Managing Director, T.V. Narendran, met Odisha Chief Minister Mohan Majhi at Lok Seva Bhawan to explore areas of mutual cooperation and future investment opportunities in the state. The high-level meeting is seen as a significant step toward deepening the company’s footprint in Odisha, one…
NINL becomes a 100% subsidiary; posts major operational turnaround after takeover Bhubaneswar: Tata Steel has officially completed the full acquisition of Neelachal Ispat Nigam Ltd (NINL), marking a significant milestone in the company’s expansion and revival of sick industrial units in India. This update was shared by Tata Steel’s Executive Director and CFO, Koushik Chatterjee,…
Over 20 lakh metric tonnes of fly ash and LD slag repurposed to build National Highway 55 bypass, reducing environmental impact and enhancing road infrastructure In a major push toward sustainable infrastructure, Tata Steel Meramandali (TSM) has pioneered the use of industrial waste in the construction of the Angul bypass on National Highway 55. By…
Mega Project to Boost Odisha’s Industry and Create Thousands of Jobs Tata Steel is set to inaugurate the second phase of its steel plant at Kalinganagar in Odisha’s Jajpur district on May 22. This major expansion, with an investment of Rs 63,000 crore, is expected to generate thousands of job opportunities and boost industrial growth…
Neelachal Ispat Nigam Makes Strong Comeback, Kalinganagar Boosts Production Tata Steel has posted a strong financial performance for the January–March quarter of 2024-25, and a major reason behind this success is its Odisha operations — the Kalinganagar plant and Neelachal Ispat Nigam Limited (NINL). In its latest quarterly report, Tata Steel announced a massive 307%…
