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Tata Steel NSE NOTICES

Tata Steel Limited has informed the Exchange that "Mr. J C Bham, Company Secretary has superannuated from the services of the Company on January 31, 2010. Mr. A. Anjeneyan is appointed as the Company secretary & Chief of Compliance of the Company with effect from February 01, 2010. In terms of Clause 47 (a) of the Listing Agreement with the Stock Exchanges, Mr. Anjeneyan is also appointed as the "Compliance Officer" of the Company with effect from the same date."

Source: NSE
Courtesy moneycontrol.com

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Tata Steel NSE NOTICES

Tata Steel Limited has informed the Exchange that the Board of Directors of the Company on January 28, 2010 has approved a framework for Co-operation between Tata Steel Limited and Nippon Steel Corporation for the production and sales of automotive cold-rolled flat products at Jamshedpur. Further the Company has also submitted to the Exchange a copy of press release dated January 28, 2010, titled "Joint Venture for Production and Sales of Automotive Cold-Rolled Flat Products". A copy of the press release shall be available on the NSE website http://www.nseindia.com) under: Corporates > Latest announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE
Courtesy moneycontrol.com

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Tata Steel BSE NOTICES

Tata Steel Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 28, 2010, inter alia, approved a framework for co-operation between Tata Steel Ltd and Nippon Steel Corporation for the production and sales of automotive cold-rolled flat products at Jamshedpur. The Company has submitted to BSE a copy of the Press Release dated January 28, 2010 titled "JOINT VENTURE FOR PRODUCTION AND SALES OF AUTOMOTIVE COLD- ROLLED FLAT PRODUCTS".

Source: BSE
Courtesy moneycontrol.com

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Tata Steel NSE NOTICES

Tata Steel Limited has informed the Exchange that the Company has entered into a Memorandum of Understanding dated January 22, 2010 with NMDC Limited, to explore the possibility of acquisition, exploration and development of mines, extraction and processing of minerals, setting up integrated steel plants and other business of mutual interest.

Source: NSE
Courtesy moneycontrol.com

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Tata Steel BSE NOTICES

Tata Steel Ltd has informed BSE that the Company has entered into a Memorandum of Understanding dated January 22, 2010 with NMDC Ltd., to explore the possibility of acquisition, exploration and development of mines, extraction and processing of minerals, setting up integrated steel plants and other businesses of mutual interest.

Source: BSE
Courtesy moneycontrol.com

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Tata Steel Q3 net profit up 155.47% at Rs 1191 cr

Tata Steel has announced its third quarter results of FY10. It has reported 155.47% jump in its standalone net profit of Rs 1191 crore as against Rs 466.2 crore, year-on-year basis (YoY) and up 31.89% from Rs 903 crore, quarter-on-quarter basis (QoQ).

Standalone net sales shot up 32.78% to Rs 6,307 crore as against Rs 4,750 crore, YoY and up 12.04% from Rs 5,629 crore, QoQ.

The numbers were better-than-expectations. Earlier CNBC-TV18 poll saw net profit at Rs 1,022 crore and net sales at Rs Rs 6,006 crore.

Other income shot up 2290.9% to Rs 263 crore from Rs 11 crore, YoY.

Operating profit margin improved to 33.8% versus 30.6%, YoY.

At 14:40 hours IST, the share was trading at Rs 579, up Rs 19.35, or 3.46%. Its market cap stood at Rs 51,369.69 crore.

Source: CNBC-TV18
Courtesy moneycontrol.com

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