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The Memorandum of Understanding was signed in the presence of Bhagwant Mann, Hon'ble Chief Minister of Punjab.
Tata Steel Europe steel production jumped 5% QoQ but was marginally lower on yoy basis.
Tata Steel Mining is a key player in the mining and Ferro Alloys business, and a wholly-owned subsidiary of Tata Steel Limited.
RITES and Tata Steel will combinedly offer services in the areas of railway rolling stock exports and enhance infrastructural capabilities for buildings, urban engineering, airports, and information technology.
Additionally, the financial creditors of RFT will get 10% of the equity shares of RFT towards the part conversion of their loan.
Upon completion of this acquisition, Tata Steel Mining Limited will continue to be a wholly-owned subsidiary of the Company.
BCPL Railway Infrastructure Limited is a company engaged in the field of railway infrastructure development.
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.