The dividend which amounts to Rs 24 on an equity share of Rs 2 each would entail a cash outflow of nearly Rs 12,205 crore, including dividend distribution tax.
Rajesh Kumar Rathi has been appointed as the new Chief Executive Officer of IISCO Steel Plant, Burnpur. Since July 2014, he has been operating as ED(Works).
There has been a change in the top deck of management at Steel Authority of India Limited, the country's largest public sector steel company.
Jindal Steel and Power Limited (JSPL) has commissioned a 1.4 million tonne per annum (mtpa) rebar mill at Sohar, Oman.
These blocks have been identified by seven state governments for auction under the Mines & Minerals Development & Regulation (Amendment) Act, 2015.
Tata Steel will spend Rs 2,000 crore to develop the Khondbond mine in Odisha, even as it gears up for an integrated commissioning of its new plant at Kalingangar.
The blast furnace at Tata Steel's new greenfield plant at Kalinganagar in Odisha is tipped to be the country's largest.
JSPL has said it is in discussion with banks and has launched 5/25 scheme, and is also exploring various options with all lenders to reschedule payments .
The company, which is one of the country’s largest diversified natural resources entities, is also focused on CSR initiatives that benefit over 32,600 women by empowering them.
"For doctors, TDH will offer fully integrated practice promising clinical efficiency, improved care and technology enhanced customer experience," Tata Steel said in a statement.
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