30
Oct
13:06
NCLT approves Tata-TSLP amalgamation
The merger of Tata Steel Long Products (TSLP) with parent company Tata Steel has been approved by the National Company Law Tribunal, Mumbai Bench.
Tata Steel said earlier the merger would, among other things, provide an opportunity for reduction of operational costs through better order loads through pooling of orders, improved sales and production planning (see Kallanish passim). The firm’s board approved the amalgamation in September 2022, along with the m…
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Very good overview of the weekly steel market.
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