Mumbai: Tata Steel Ltd shares fell as much as 2.5 per cent on Tuesday morning after it said it will book a $1.6 billion impairment charge for the financial year ended March 31.
The company said it is taking the charge due to weak economic and market conditions in Europe.
Tata Steel shares were down more than 2 per cent as of 9:30 am. The steel maker made the announcement late on Monday.
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09:45 AM, May 14, 2013
The much delayed Posco mega steel plant in Odisha's Jagasinghpur district might be commissioned in 2018, the company said on Thursday. "Hoping to get the required land in this year, the first phase 8 MTPA Integrated Steel Plant may get commissioned in the early 2018," a press release issued by Posco-India said. ...
07:20 PM, Mar 21, 2013
Odisha government has asked 36 steel companies, including Posco-India and ArcelorMittal, which had signed MoUs to immediately submit their physical and financial progress reports, according to official sources. ...
01:35 AM, Mar 12, 2013
State-owned Steel Authority of India reported a 23 per cent drop in quarterly profit, weighed by higher input and wage costs and sluggish sales. ...
03:32 PM, Feb 12, 2013
Beijing: One person was killed and about 30 others injured after carbon monoxide gas leaked in a steel company in Harbin, capital city of northeast China's Heilongjiang province. The leakage occured late last night in Acheng Iron & Steel Co, Ltd in the city's Acheng district, an official with the district government said. The injured were admitted to nearby hospital, in which 10 are reported to be in serious conditions....
08:19 AM, Jan 17, 2012
Speculation are rife that Nippon and other Japanese cos could be the next takeover target for world giant Arcelor-Mittal. ...
04:17 PM, Aug 24, 2006
