Indian Steel Industry News

Tata Steel debt rejig (The Telegraph)
Fri 20 Nov 2009 10:09pm
Mumbai, Nov. 20: Tata Steel is rejigging its debt once again. The worlds eighth largest steel maker today enticed the holders of convertible bonds worth $875 million to exchange the......


Jindal Bengal project to get a boost with Japanese tie-up (The Hindu)
Fri 20 Nov 2009 9:44pm
Kolkata: After a considerable period , things have begun looking up for the Jindal Steel Works (JSW) Bengal project located at Salboni in Paschim Medinipur in the heart of the State?......


Tata Steel rejigs debt strategy (The Hindu)
Fri 20 Nov 2009 7:52pm
MUMBAI: Tata Steel has issued $547 million convertible bonds in exchange of $493 million convertible alternative reference securities (CARS) as part of the companys long-term financ......


British structural steel co inks second Indian JV (Business Standard India)
Fri 20 Nov 2009 7:31pm
British structural steel major Severfield-Rowen has announced the signing of its second joint venture in India, to establish structural metal decking units in Mumbai and Bellary (Kar......


Tata Steel to switch 56% of securities into convertible bonds (The Hindu)
Fri 20 Nov 2009 6:41pm
Mr Koushik Chatterjee , Group Chief Financial Officer, Tata Steel (file photo). Mumbai, Nov. 20 Tata Steel said it will issue convertible bonds totalling $546.9 million in exchange......


Tata Steel completes $546-mn exchange offer for CARS (Business Standard India)
Fri 20 Nov 2009 3:15pm
Tata Steel has sold $546.9 million (around Rs 2,550 crore) of new 2014 convertible bonds to cut its funding cost for overseas acquisition....


Steelworkers to vote for new leadership (The Sault Star)
Fri 20 Nov 2009 1:15pm
The United Steelworkers, representing more than 3,000 workers inside Essar Steel Algoma Inc., and more than 80,000 members throughout Ontario, determine their national- international......


Tata Steel Gets 56% Acceptance for Bond Exchange (Update3) (Bloomberg)
Fri 20 Nov 2009 11:15am
Nov. 20 (Bloomberg) -- Tata Steel Ltd ., aiming to cut funding costs, received 56 percent acceptance for a bond exchange on debt raised to fund its purchase of Corus Group Ltd....


British structural steel co inks second Indian JV (Press Trust of India)
Fri 20 Nov 2009 9:40am
London, Nov 20 (PTI) : British structural steel major Severfield-Rowen has announced the signing of its second joint venture in India to establish a structural metal decking company ......


British structural steel co inks another Indian JV (Business Standard India)
Fri 20 Nov 2009 9:16am
British structural steel major Severfield-Rowen has announced the signing of its second joint venture in India to establish a structural metal decking ompany in Mumbai and Bellary (K......


Tata steel completes CARS (New Kerala)
Fri 20 Nov 2009 7:53am
Mumbai, Nov 20 : Tata Steel Limited today announced that it has accepted Convertible Alternative Reference Securities (CARS) due 2012 to the tune of US Dollar 493 million as against ......


(AFX UK Focus) 2009-11-20 05:25 India's Tata Steel completes convertible debt swap...
Fri 20 Nov 2009 5:42am
MUMBAI, Nov 20 (Reuters) - India's Tata Steel, the world's No. 8 steelmaker, said it issued $546.9 million in new convertible bonds in exchange for $493 million of securities as part......