Steel Authority sales up 14 percentOctober 8th, 2009 NEW DELHI - State-run Steel Authority of India Ltd (SAIL) Thursday said it registered sales of over 3 million tonnes in the second quarter this fiscal, a growth of 14 percent. While sale of flat products during July-September went up 13 percent, that for long products grew 14 percent.
Tata Motors sales up 6 percent in SeptemberOctober 1st, 2009 KOLKATA - Global auto major Tata Motors sold 52,513 vehicles last months as against 49,647 units in September 2008, registering a growth of 6 percent, the company said Thursday. "The company's domestic sales of Tata commercial and passenger vehicles for September 2009 were 49,650, a 10 percent growth over 45,234 sold in September last year, it said.
Tata Steel signs bonus agreement with workers' unionSeptember 16th, 2009 KOLKATA - Tata Steel management has signed a bonus agreement with employees, the company said Wednesday. The agreement was signed for annual bonus to the employees of the steel major's Jamshedpur unit, including the tubes division, for 2008-09.
Tata Motors reports 18 percent growth in salesAugust 3rd, 2009 MUMBAI - July sales of auto major Tata Motors grew 18 percent to 48,054 vehicles as against 40,729 units sold in the year-ago period, the company said Monday. In a regulatory statement, it said domestic sales of both commercial and passenger vehicles grew 23 percent to 45,599 units as compared to the 37,033 units sold a year ago.
Tata steel net down 60 percentJune 25th, 2009 NEW DELHI - Tata Steel, India's largest steel producer, Thursday reported 60 percent fall in its consolidated profit for 2008-09. The steel major's net profit stood at Rs.49.51 billion ($1 billion) in 2008-09, down from Rs.123.5 billion recorded the year before, the company said in a regulatory statement.
Tata Steel resets covenants on Corus loanMay 30th, 2009 MUMBAI - Tata Steel has reached an agreement with lenders of Tata Steel UK for resetting the covenants on the 3.7 billion pound loan raised for the acquisition of Anglo-Dutch steel maker Corus. This comes two days after group company Tata Motors announced a revision in the maturity deadline on the bridge loan for its acquisition of Jaguar Land Rover (JLR).
Tat Steel commissions 120 MW gas-based plantMay 6th, 2009 JAMSHEDPUR - Industrial Energy Ltd (IEL), a joint venture between Tata Steel and Tata Power, Wednesday commissioned a 120-MW power plant that will run on waste gas produced by the steel major. The plant, built at an investment of Rs.490 crore, will supply the entire generated power to Tata Steel to help the company meet its growing power requirements in its Jamshedpur unit, an official statement said.
Tata Steel sees domestic demand growth this fiscalApril 10th, 2009 KOLKATA - Despite the present global economic slowdown, the country's largest steel producer Tata Steel expects 4-5 percent growth in domestic demand in 2009-10, a top company official said here Friday. 'Impact of global recession is much less in India.
SAIL expects sales to grow despite slowdownMarch 26th, 2009 NEW DELHI - The state-run Steel Authority India (SAIL) expects its sales to grow in March despite the current slowdown, saying it would be close to the month before. 'In February we grew by 9-10 percent.
Auto sales up in February, but industry remains cautiousMarch 10th, 2009 NEW DELHI - February brought a breather for the country's struggling auto industry, which witnessed a 15-percent year-on-year jump in passenger vehicle- sales and 45 percent growth in the mid-size segment during the month, according to an industry lobby. The figures released by the Society of Indian Automobile Manufacturers (SIAM) said compact vehicle-sales also went up 21 percent last month.
Tata Motors February sales down 19.1 percentMarch 3rd, 2009 NEW DELHI - Auto major Tata Motors Monday said its last month sales went down 19.1 percent to 43,807 vehicles as against 54,181 units in February 2008. The company said in a statement that its commercial vehicles sales went down 25 percent, while the passenger vehicles sales reported a marginal year-on-year growth of 1.5 percent.
TVS Motor logs 13 percent sales growth in FebruaryMarch 2nd, 2009 CHENNAI - Two-wheeler manufacturer TVS Motor has posted a 13 percent growth in sales in February, selling over 107,300 units as compared to the sales figure of 95,235 units for the corresponding period of the previous year. According to the company, exports amounted to 16,583 units for the period under review as against about 12,500 units shipped out the previous year.
Tata Steel net down 56.4 percentJanuary 27th, 2009 NEW DELHI - Tata Steel Wednesday reported 56.4 percent year-on-year decline in net profit in the third quarter this fiscal. The company posted Rs.4.66 billion (Rs.466.24 cores/$103.6 million) net profit for the quarter, compared to Rs.10.68 billion in the corresponding period last year.
Tata Steel sales down 14 percentJanuary 5th, 2009 RAIPUR - The country's largest steel maker Tata Steel Tuesday reported a 14 percent fall in sales in the October-December quarter over the corresponding period uin 2007. According to an official statement, the company's total sales during the period stood at 1.07 million tonnes.
Gas leaks in Tata Steel unit, one deadDecember 29th, 2008 RANCHI - One man died and two others were injured when gas leaked in a blast furnace unit of Tata Steel in Jamshedpur Tuesday, an official said. M.K. Manjhi died on the spot when gas leaked around 11 a.m.
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