India's Tata Steel is in talks to sell loss-making European operations including mills in northern England and Scotland to Geneva-based Klesch Group, as it battles weak prices and tentative economic recovery.
India's Tata Steel said its energy and power unit has announced a multi-million pound order with Korea Gas Corporation (Kogas) for the supply of 110 km of line pipe and coatings for its Kirkuk to Baiji Dry Gas Project in Iraq.
India's Tata Steel has won an order to manufacture 60,000 tonnes of high-quality rail for a new high-speed line linking the two holy cities of Makkah and Madinah in Saudi Arabia.
The new railway will allow
India's Tata Steel Limited said it expected to take no further charges in Europe and has put no European assets up for sale, following a $1.6 billion writedown for the region in the past financial year due to weak demand.
India's Tata Steel, the world's seventh-largest steelmaker, posted a second-quarter net profit from a loss a year earlier, beating forecasts, as industrial demand improved.
Tata Steel's consolidated net profit for the thre
Tata Steel, the world's sixth-largest steel maker, will invest up to $150 million over three years to develop a 10-million-tonne limestone mine in Oman.
Tata Steel said it had signed a joint-venture agreement with Oman's Al Bahja Group to
India's Tata Steel will raise 91.35 billion rupees ($2.3 billion) from a rights issue of equity shares and convertible preference shares, a newspaper advertisement showed.
The issue, a part of the financing for the takeover of Corus Group,