New Tata Steel UK pension scheme to be set up after meeting minimum ...Wed, 14 Mar 2018 00:00:00 GMT
By Maytaal Angel LONDON Reuters - A new pension fund backed by Tata Steel UK, a unit of India's Tata Steel, will be set up after meeting minimum size and funding criteria, paving the way for...
Prime Minister Found Wanting As Trump Steel Tariff Executive ...Fri, 09 Mar 2018 00:00:00 GMT
Commenting on Trump's Executive Order confirming 25% tariffs on British steel imports to the USA, Stephen Kinnock, Member of Parliament for Aberavon, home of the Port Talbot steelworks said, President Trump's signing of an Executive Order imposing steel tariffs is a milestone moment for the future of the British steel industry, and for the future of the rules-based global economy. And once again, our government and Prime Minister have been found wanting. Continue reading
Company law court drill begins for control of insolvent Electrosteel ...Thu, 08 Mar 2018 20:51:00 GMT
challenging the eligibility of Vedanta Ltd and Tata Steel as resolution applicants to take over Electrosteel Steels Ltd (ESL). K.R. Jinan, the judicial member of NCLT's eastern regional bench, has asked the respondents to file counter submissions by March ...
Court drill begins for ESL controlThu, 08 Mar 2018 11:55:00 GMT
challenging the eligibility of Vedanta Ltd and Tata Steel as resolution applicants to take over Electrosteel Steels Ltd (ESL). K. R. Jinan, the judicial member of NCLT's eastern regional bench, has asked the respondents to file counter submissions by March ...
Tata steel identified as highest bidder for Bhushan SteelWed, 07 Mar 2018 00:00:00 GMT
Apart from Tata Steel, other players that had submitted bids for the asset were JSW Steel, as well as a group of employees in a tie-up with a private equity firm.
Dalmia company Renaissance Steel questions Vedanta, Tatas bidWed, 07 Mar 2018 00:00:00 GMT
The Dalmia firm has claimed that it came to know that two RAs Vedanta and Tata Steel are not eligible to bid according to Section 29A of the IBC later.
Aberavon MP Condemns Aggressive Trump Tariffs On SteelMon, 05 Mar 2018 00:00:00 GMT
Commenting on Donald Trumps announcement of plans to impose tariffs of 25% on all steel and aluminium imports to the USA, Stephen Kinnock, Member of Parliament for Aberavon, home of the Port Talbot Steelworks said: This reckless and impetuous announcement from Donald Trump is deeply worrying for the British steel industry, centred on the Port Talbot steelworks in my Aberavon constituency. Around 10% of Tata Steel UKs exports are to the United States, and are largely made up of the most so...
Chandra wants to bring back the crown for Tata SteelWed, 21 Feb 2018 09:45:00 GMT
Just when Tata Steel thought it had Corus in the bag, Brazils CSN Steel gatecrashed the party, and a fierce bidding ensued. Tata Steel eventually won what in hindsight turned out to be a pyrrhic victory. Investment bankers associated with the ...
Liberty's bid rejected; Tatas all set to bag Bhushan PowerWed, 21 Feb 2018 00:00:00 GMT
The lenders' refusal to entertain Liberty's late bid means that Tata Steel now the clear leader in the race to buy out the unlisted Bhushan Power SOTN-REMOVE Steel.
Liberty House puts in Bhushan bidWed, 21 Feb 2018 00:00:00 GMT
A meeting of the CoC will take place on Wednesday to discuss both the eligibility of the Liberty House bid as well as to review the plan submitted by Tata Steel.
Creditors reject Liberty House bid for Bhushan Power and SteelWed, 21 Feb 2018 00:00:00 GMT
Race for the takeover of the bankrupt firm to now be between Tata Steel and JSW steel; bids from the two interested entities were disclosed to creditors today.
Bhushan Power lenders ask Tatas to revisit conditionsWed, 21 Feb 2018 00:00:00 GMT
Tata Steel's Rs 24,500-cr offer is conditional on lenders buying the entire equity of two Bhushan Power subsidiaries Nova Iron SOTN-REMOVE Steel and Ambey Steel SOTN-REMOVE power.
Tata Steel pips JSW Steel in race for Bhushan SteelSat, 17 Feb 2018 00:00:00 GMT
Tata Steel has offered Rs 35,000 crore to the lenders of Bhushan Steel as well as a 12% equity stake in the beleaguered company. With this, the Tata Groups flagship company has emerged as the lead bidder for the debt-laden alloy maker that is going through bankruptcy proceedings, according to a source familiar with the matter. Tata Steels offer has trumped rival JSW Steels bid of Rs 29,700 crore. Bhushan Steel has a debt of Rs 50,000 crore, of which it owes Rs 44,000 crore to lenders.
Aberavon MP Calls Out Government And FCA For Allowing A Free ...Thu, 15 Feb 2018 00:00:00 GMT
Today, Stephen Kinnock has: called for urgent action on pension misselling called out the FCA for failings; urged the government to produce a white paper; and supported Work and Pensions Committee report Stephen Kinnock, Member of Parliament for Aberavon, home of the Port Talbot Steelworks, today called out the Financial Conduct Authority (FCA) for their failure to protect British steelworkers and savers in the British Steel Pension Scheme (BSPS); called on the government to accept, in full, ...
Thyssenkrupp expecting to finalise JV of European steel biz with ...Wed, 14 Feb 2018 00:00:00 GMT
Last September, Thyssenkrupp had announced plans to combine its European steel unit with that of Tata Steel to create Europes second largest steel player.
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