TATA

Employees and senior management of TATA Steel and other TATA companies gathered to celebrate the 171st birth anniversary of their Founder Jamsedji Nusserwanji Tata with fervor and gaiety.

The function was attended by Mr Ratan N Tata chairman of TATA Steel, Mr Ishaat Hussain director of TATA Sons, Dr J J Irani director of TATA Sons, Mr B Muthuraman vice chairman of TATA Steel, Mr Jaques Schraven director of TATA Steel, Mr H M Nerurkar MD of TATA Steel, Dr Karl Ulrich Koehler COO of TATA Steel Europe and other senior officials of TATA Steel.

India needs to curb the export of its iron ore reserves which are required in huge quantity to meet the projected steel production in the country, according to an industry expert.

“Increasing exports of iron ore is a disturbing trend. Exports should be banned. We don’t need to export something which God has given to us,” Amit Chatterjee, advisor to Managing Director of Tata Steel Ltd, said here.

Addressing a gathering of stakeholders in world steel industry at the ‘Global Steel Conference’, currently underway here, he advised restrain on overseas sale of iron ore.

With this objective in mind, Tata Power, India’s largest integrate private power utility set up “Tata Power Energy Club” three years back, to help citizens understand the importance of conserving energy and reducing wastage.

Tata Steel completed the month of January with an increase in its hot metal, crude steel and saleable steel production over the corresponding month of last year.

The company recorded best ever saleable steel production of 6, 06,819 t which is @ 7.3 mtpa.

The company reported 8% increase in Flat products sales over January’09, and 10% increase in Long products sales over January’09.

The G blast furnace recorded its best ever production of 1, 93,604 t, while LD#1 (one of the Steel Melting Shop) recorded its best ever production of 2, 75, 378 t.

Tata Steel will not make any deal directly with the landowners to purchase land for its greenfield steel plant in Jharkhand as the steel major feels that it would create mafias and deprive the landowners from their rights which expected to be incorporated in the proposed amendments to the Land Acquisition Act to be tabled in Parliament shortly.

The Tata-Gammon SEZ has failed to make any progress due to land-permission issues at the state level; uncertainty over the project continues

It has been more than two years and the special economic zone (SEZ) planned by the Tata Group and Gammon Infrastructure Pvt Ltd (GIPL) near Jamshedpur has not made any headway due to required permissions from the state government to acquire land.

Feb. 2 MetalBiz--Tata Steel said on January 28 that its India unit's net profit grew by 156% year-on-year to 11.82bln Rupees (U.S.$257mln) in its Q3 of 2009-2010 fiscal year.

As the world's eighth largest steelmaker, the company's India unit's net sales surged to 63.07bln Rupees (U.S.$1.36bln), up by 32.7% year-over-year.

Besides higher sales performance, other income and relatively lower raw material costs are also the major factors of the more than doubled profit.
http://news.alibaba.com/article/detail/metalworking/100242769-1-tata-steel-saw-an-increase.html

On January 28, Japanese steelmaker Nippon Steel Corp. (Nippon Steel) and Indian steel giant Tata Steel Limited (Tata Steel) announced that they have decided to form a joint venture (JV) for the production and sale of automotive cold rolled steel sheets at Tata's main facilities at Jamshedpur, state of Jharkhand, India, and have approved the framework of the project.

Tokyo (ANTARA News/Asia Pulse) - Nippon Steel Corp. (TSE:5401) said Thursday that it agreed with Tata Steel Ltd. (BSE: 500470) to jointly produce cold-rolled steel sheet for automobiles starting in fiscal year 2012.

The two firms are to set up a joint venture in June, with Nippon Steel contributing 49 per cent of the capital and Tata providing the rest.

Through the venture, the partners plan to invest 30-35 billion yen (US$334.3-389.97 million) to set up a production facility at Tata's plant in the eastern Indian city of Jamshedpur.

Jan. 28 (Bloomberg) -- Nippon Steel Corp., Japan’s largest producer, and Tata Steel Ltd. will spend as much as 35 billion yen ($388 million) to form a venture to produce steel sheets for automobiles in India as vehicle demand increases.

The venture, to be located in Tata Steel’s Jamshedpur factory complex in eastern India, will start operations by March 2013 with a production capacity of 600,000 tons a year, Tokyo- based Nippon Steel said today in a statement. Tata Steel, India’s largest producer, will own 51 percent of the venture and Nippon Steel will hold the remaining stake.