Electrosteel Steels, which owes lenders Rs 11,309 crore, had been referred to the Tribunal following a push from the Reserve Bank of India (RBI) in June last year.
Tata Steel won with a bid of Rs 35,000 crore, with JSW Steel finishing second with a bid of Rs 29,700 crore.
Bhushan Steel, one of the 12 non-performing accounts referred by the Reserve Bank of India for National Company Law Tribunal (NCLT) proceedings, owes Rs 56,000 crore to its financial creditors.
Tata Steel has received the award for the sixth time in the ‘Metals, Minerals and Mining’ category.
Based in Amsterdam, the merged entity will have an annual turnover of about €15bn, 48,000 employees, and annual shipments of about 21m tonnes of flat steel
Tata Steel expects to grow faster after its deal with German steel giant Thyssenkrupp.
India is currently producing 90 to 95 million ton of steel per annum against the world no.2 steel producer Japan, which produces around 103 million ton.
Tata Steel's UK business continues its process of transformation that is essential to create a viable future for its UK strip products business.
Tata Steel UK has announced that it will close the British Steel Pension Scheme to future accrual from March 31 and staff will get a new contributory scheme for their retirement savings thereafter.
Tata Steel workers in the UK on Wednesday voted overwhelmingly in favour of a rescue plan put forward by the steel giant that will secure their jobs. Nearly 10,000 were voting in a ballot over the past few weeks.
A day after his removal from the Tata Steel’s board, over 71 per cent shareholders of Tata Motors voted out Nusli Wadia as the Independent director of the company.
Industrialist Nusli Wadia has been removed as an Independent Director of Tata Steel with more than 90 per cent of the shareholders voting against him.
Indian giant Tata Steel today pledged to stay in Britain with a 10-year commitment to a one-billion-pound (Rs 8500 crore) investment plan to support steelmaking at its UK plants.
Ousted Tata Steel Chairman Cyrus Mistry is likely to address the shareholders at the extraordinary general meeting (EGM) convened on December 21, the company said today. "Cyrus P. Mistry has informed the company that he
Ousted Tata Sons chief Cyrus Mistry was today shown the exit door from Tata Steel. OP Bhat, an independent director in the company, has replaced Mistry as the chairman of the steel giant. Next on
Tata Steel on Friday said it has signed agreements with Quebec government for investing Canadian dollar 175 million (nearly Rs 875 crore) to set up mining operations in Quebec Newfoundland and Labrador peninsula in Canada.
Amid concerns about purported disclosure made by ousted Tata Group chairman Cyrus Mistry about huge write-down risks at some firms, the group stocks lost ground for the third day today taking the total market value erosion to over Rs 26,000 crore thi
Tata Group's decision to oust its chairman Cyrus Mistry on Monday has been well received by the British media with speculations that it may be good news for the company's UK operations.
For a more strategic play in the European market, Tata Steel is in talks with several firms, including the German industrial conglomerate Thyssenkrupp AG. The company, however, denied sharing more details on future plans.
New Delhi: Tata Steel today withdrew the sale of their UK assets and is likely to drop costs by 100 million pounds, said the company. British Business Secretary Sajid Javid today met Tata Sons chairman
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