Company Overview and News

 
Usha Martin Limited - Updates

2018-10-12 nseindia
The information displayed herein is uploaded by the concerned Company. The said uploaded information is displayed without any verification of adequacy, accuracy and veracity. The Exchange in discharge of its role of dissemination of uploaded information on this website immediately on its receipt. The Company shall be solely responsible and liable for any omission, commission, errors and misrepresentations in the contents of the Information.
USHAMART 517146 UHBTY

 
Usha Martin to seek shareholders’ nod for sale of steel biz to Tatas

2018-10-10 thehindubusinessline
Usha Martin Ltd (UML) on Wednesday said it will seek shareholders’ approval on November 10 with regard to the sale of its steel business to Tata Steel.
USHAMART 517146 500470 TTST TATASTEEL TATLY UHBTY

 
Tata Steel’s next acquisition gets a step closer; Usha Martin seeks shareholders’ nod for deal

2018-10-10 financialexpress
After the successful acquisition of Bhushan Steel, Tata Steel’s plan of acquiring steel business of Usha Martin Ltd (UML) got a step closer, with the latter looking to seek shareholders’ approval for the deal. UML on Wednesday said that it will seek shareholders’ nod with regard to the sale of its steel business to Tata Steel, news agency PTI reported.
USHAMART 517146 500470 TTST TATASTEEL TATLY BHUSANSTL UHBTY TATAPOWER TPCL 500400 500055

 
Usha Martin Limited - News Clarification

2018-10-09 nseindia
The information displayed herein is uploaded by the concerned Company. The said uploaded information is displayed without any verification of adequacy, accuracy and veracity. The Exchange in discharge of its role of dissemination of uploaded information on this website immediately on its receipt. The Company shall be solely responsible and liable for any omission, commission, errors and misrepresentations in the contents of the Information.
USHAMART 517146 UHBTY

 
Usha Martin Limited - News Clarification

2018-10-09 nseindia
The information displayed herein is uploaded by the concerned Company. The said uploaded information is displayed without any verification of adequacy, accuracy and veracity. The Exchange in discharge of its role of dissemination of uploaded information on this website immediately on its receipt. The Company shall be solely responsible and liable for any omission, commission, errors and misrepresentations in the contents of the Information.
USHAMART 517146 UHBTY

 
Usha Martin workers accuse MD of diverting funds

2018-10-08 financialexpress
Hind Mazdoor Sabha-led Engineering Labour Union at the Usha Martin wire rope factory in Ranchi has alleged that Rajeev Jhawar, managing director of the company, has been draining out funds from the business and transferring them to Singapore for the last three-four years, depriving workers of their due salaries.
USHAMART 517146 UHBTY

 
Unique strategies needed to do away with imports of defective steel

2018-10-08 financialexpress
A calibrated tightening of the monetary policy has led RBI to keep the repo rate unchanged at 6.5% despite the market expectation of a hike. RBI is keeping a close watch on the inflationary trend, economic growth and a medium term target for Consumer Price Index at 4% within a band of +/-2% has been kept. The consumers before the festival season would be happy and private final consumption expenditure for the 3rd quarter is likely to exceed 8.
USHAMART 517146 ELECTCAST 500128 BHUSANSTL UHBTY CPICQ 500141 FERROALL 532721 500055 VISASTEEL

 
Usha Martin union raises concern over irregular payment of salaries at Ranchi plant

2018-10-08 thehindubusinessline
A union of Usha Martin has raised concerns about irregular payment of salaries and sought government’s intervention for sale of the company’s wire rope manufacturing facility in Jharkhand to Tata Steel.
USHAMART 517146 500470 TTST TATASTEEL TATLY UHBTY

 
Tata Steel’s next 2 plans: Set up manufacturing unit in Odisha, may invest Rs 300-400 crore in Usha Martin

2018-09-26 financialexpress
After successful acquisition of Bhushan Steel in the first landmark resolution under the Insolvency and Bankruptcy Code (IBC), Tata Steel is looking at two big plans in coming years. The company recently announced that it will acquire the steel business of Usha Martin Limited (UML), in which it may invest Rs 300-400 crore, a report has said. Meanwhile, Tata Steel Processing and Distribution will be setting up a manufacturing unit in Odisha at an investment of Rs 92 crore.
USHAMART 517146 500470 TTST TATASTEEL TATLY BHUSANSTL UHBTY 500055

 
Tata Steel may invest Rs 300-400 crore in Usha Martin in FY20: Report

2018-09-26 moneycontrol
Tata Steel is likely to put in Rs 300-400 crore in FY20 into Usha Martin's specialty steel division that it has agreed to acquire, to further improve the operating margins, a report said.
USHAMART 517146 500470 TTST TATASTEEL TATLY UHBTY

 
Tata Steel may invest ₹300-400 crore in Usha Martin in FY20: report

2018-09-26 livemint
Mumbai: Tata Steel is likely to put in ₹300-400 crore in FY20 into Usha Martin’s specialty steel division that it has agreed to acquire, to further improve the operating margins, a report said on Wednesday.
USHAMART 517146 500470 TTST TATASTEEL TATLY UHBTY

 
Proceeds from Tata Steel deal to be used to repay debt: Usha Martin

2018-09-25 moneycontrol
Debt-ridden Usha Martin said September 25 that the proceeds from the proposed deal with Tata Steel will be used for repaying existing debt, a day after its promoters questioned the end-use of funds. The founders of Usha Martin September 24 had sought details from the board of Usha Martin regarding utilisation of proceeds from the proposed sale of the company's steel business to Tata Steel.
USHAMART 517146 500470 TTST TATASTEEL TATLY UHBTY

 
Proposed acquisition of Usha Martin#39;s steel business is credit positive: Moody#39;s

2018-09-25 moneycontrol
The proposed acquisition of Usha Martin's steel business by Tata Steel is credit positive, Moody's Investors Service said.
USHAMART 517146 500470 TTST TATASTEEL TATLY UHBTY

4
Has Tata Steel overpaid for Usha Martin unit?

2018-09-25 moneycontrol
Tata Steel signed a definitive agreement on September 22 to buy Usha Martin’s steel unit for about Rs 4,600 crore.
517146 500228 BHUSANSTL UHBTY JSWSTEEL USHAMART 500470 TTST TATASTEEL TATLY 500235 KSL 500570 TATAMOTORS 500055 TTM

 
Usha Martin buy to diversify Tata Steel#39;s product range : Report

2018-09-25 moneycontrol
Tata Steel's acquisition of Usha Martin's speciality steel business will improve the share of long steel products in its business at no additional leverage, says a report.
USHAMART 517146 500470 TTST TATASTEEL TATLY UHBTY

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