Latest news with #TVNarendran
India.com
09-07-2025
- Business
- India.com
Masterstroke by Noel Tata, Ratan Tata's one of favorite company partners with Australian company to build smart bridges in India, to use ready-made...
(File) Tata Steel has signed an agreement with Australian company InQuik Group to bring a new way of building bridges to India. The method uses ready-made parts that can be quickly put together, making bridge construction faster and easier. The goal of this partnership is to mix InQuik's smart bridge-building system with Tata Steel's strong production skills. Together, they hope to speed up India's infrastructure growth and improve the way bridges are built. Tata Steel said this deal will allow the company to offer more advanced building products and strengthen its presence in the construction sector. 'Our focus is on smart and eco-friendly building solutions to meet India's growing needs,' said Tata Steel CEO and MD TV Narendran. 'Working with InQuik shows how we're using new technology to improve construction across the country.' Tata steel and InQuik to bring faster, smarter bridge-building to India Tata Steel and Australian company InQuik Group are teaming up to bring a new bridge-building method to India. InQuik's patented system uses pre-made steel moulds that are filled with concrete on-site, making it quicker and easier to build strong bridges especially in remote or hard-to-reach places. The companies say this method is not only fast but also cost-effective and can be used on a large scale for important infrastructure projects. 'We're thrilled to work with Tata Steel, one of the world's top steel makers, to introduce our bridge technology in India,' said InQuik CEO Logan Mullaney. 'This is a big step for us as we grow internationally, and it shows the trust major companies like Tata Steel have in what we do.' Tata Steel said the partnership fits into its long-term plan to go beyond just making steel and become a full-service, technology-led construction solutions provider. On Monday, Tata Steel's stock closed at ₹162.40 per share on the Bombay Stock Exchange (BSE).
Time of India
08-07-2025
- Business
- Time of India
Tata Steel to begin construction work of UK's low-carbon project this month
Home-grown Tata Steel on Tuesday said the company will begin the construction of its low-carbon EAF-based steel making project in the UK this month with an investment of around 1.5 billion pounds. Of the 1.5 billion pounds, 500 million pound is funded by the UK government. Tata Steel aims to commence operations at the project by 2027, as per the company's annual report for FY2024-25. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Designing & Building Offices Across India Officebanao Get Quote Undo In a statement, Tata Steel said, "The work on the EAF project is progressing with construction at Port Talbot on course to commence this month." The company has received necessary approvals for its USD 1.5 billion project at Port Talbot, Tata Steel CEO & MD T V Narendran, and ED & CFO Koushik Chatterjee said in the company's annual report for FY2024-25. Live Events "We are now transitioning to decarbonised and state-of-the-art EAF-based steelmaking by FY2027-28, supported by 500 million pounds in the UK government funding," the management said. India-based Tata Steel owns the UK's largest steelworks of 3 million tonnes per annum (MTPA) at Port Talbot in South Wales. As part of its efforts to reduce carbon emissions, the company is transitioning from the blast furnace route to the low-emission electric arc furnace process, which will utilise the locally available scrap. The company's upstream operations in the UK have been shut, and Tata Steel is using substrate from India and Netherlands operations to service existing customers in the UK. The deliveries from UK was at 0.60 million tonnes (MnT) in June quarter as against 0.68 MnT in the first quarter of FY25. In India, Netherlands and Thailand, Tata Steel's production remained almost flat at 5.26 MnT, 1.70 MnT and 0.33 MnT, respectively. The deliveries in April-June quarter of 2025-26 from India was at 4.75 MnT, 1.50 MnT from Netherlands and 0.34 MnT from operations in Thailand. The maintenance related shutdowns in Jamshedpur (reline of G Blast Furnace) as well as at Neelachal Ispat Nigam Limited (NINL) have led to a decline in finished goods production, adversely impacting our deliveries. Operations have since resumed at NINL and the reline of G Blast Furnace is progressing and is expected to be completed in July 2025, the company said.
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Business Standard
07-07-2025
- Business
- Business Standard
Tata Steel inks MoU with InQuik to bring modular bridge tech to India
Tata Steel on Monday signed a memorandum of understanding (MoU) with Australian company InQuik Group to introduce modular bridge construction technology in India. The partnership aims to combine InQuik's prefabricated bridge systems with Tata Steel's industrial capabilities, as part of an effort to enhance the country's infrastructure development. According to Tata Steel, the agreement will help expand its offerings in the infrastructure space by adding value-added construction products to its portfolio. "Tata Steel focuses on delivering smart and sustainable construction solutions to fulfil the growing infrastructural needs of a modern India. This collaboration with InQuik reflects our technology-driven approach to reimagine construction practices in the country," TV Narendran, Chief Executive Officer and Managing Director of Tata Steel. The patented InQuik system allows for the rapid construction of reinforced concrete bridges using prefabricated steel moulds, which is filled with concrete on site. The companies said this approach offers a scalable and cost-effective solution for critical infrastructure, particularly in remote areas. "We are excited to partner with Tata Steel, a global leader in steel manufacturing, to expand the reach of our bridge systems into the Indian market. This agreement represents a significant milestone in InQuik's international growth and reflects the confidence that leading companies like Tata Steel have in our technology," Logan Mullaney, CEO of InQuik Group. Tata Steel said the initiative is part of its strategy to position itself as a technology-driven player offering integrated construction solutions beyond traditional steel manufacturing. Shares of Tata Steel last traded at ₹162.40 apiece on the BSE at the closing of the markets on Monday.
Time of India
07-07-2025
- Business
- Time of India
Tata Steel ties up with InQuik to bring Modular Bridge Technology to India for faster bridge construction
Tata Steel has signed a Memorandum of Understanding with Australia's InQuik Group . This partnership aims to roll out modular bridge systems across India using InQuik's award-winning technology. The idea is to combine Tata Steel's manufacturing might with InQuik's ready-to-install bridge design. The system is simple but effective. InQuik's design uses prefabricated steel moulds that are filled with concrete at the site. This makes it possible to put up bridges quicker than traditional methods. Costs go down too. And the bridges are built to handle tough climates. India still has far-flung villages and towns that struggle with poor roads and few bridges. Quick-to-build modular bridges can change that. More bridges mean shorter travel times, better trade routes and fewer communities left out. As per Tata Steel's press statement, this deal supports India's push for stronger transport links. It could also help tackle the challenges of building in remote areas where heavy equipment is hard to get. What Tata Steel wants For Tata Steel, this is part of a bigger shift. The company is looking to move beyond just selling steel and into full-scale solutions for builders. According to the press statement, T V Narendran , Chief Executive Officer & Managing Director, Tata Steel, said, Tata Steel focuses on delivering smart and sustainable construction solutions to fulfil the growing infrastructural needs of a modern India. This collaboration with InQuik reflects our technology-driven approach to reimagine construction practices in the country. Live Events This deal fits that goal. More value-added products. More ways to use steel smartly. And a chance to help shape how India builds its roads and bridges. InQuik's Indian entry This is also a big moment for InQuik. The Australian firm wants to grow abroad and sees India as the right place to expand. Logan Mullaney , CEO, InQuik Group, said, We are excited to partner with Tata Steel, a global leader in steel manufacturing, to expand the reach of our bridge systems into the Indian market. This agreement represents a significant milestone in InQuik's international growth and reflects the confidence that leading companies like Tata Steel have in our technology. Together, we can deliver rapid, cost-effective, and resilient infrastructure to support India's growing connectivity needs. India needs this kind of solution. The government has been focusing on roads and rural connectivity. But many places still wait years for a bridge that connects them to markets, schools or hospitals. This technology could help close that gap. Tata Steel has already been investing in downstream products for faster building. This move shows the firm wants to stand out not just for making steel but for what that steel can build. The MoU sets the ball rolling. Now, both companies will look at projects where this system can work best. Bridges built faster. Travel made safer. Communities brought closer. That's the plan. And for Tata Steel and InQuik, it could be just the start.
Time of India
25-06-2025
- Business
- Time of India
Recycling industry to be bigger than mining sector by 2050: Tata Steel MD T V Narendran
The recycling industry is set to be bigger than the mining industry by 2050, presenting a host of opportunities for companies, Tata Steel MD and CEO T V Narendran has said. Narendran, while speaking at a session organised by the Singhbhum Chamber of Commerce and Industry (SCCI), as part of its ongoing platinum jubilee celebrations, said that for the last 100 years, mining has been very important and it will continue to be so, but recycling is becoming important, too. "Going ahead, managing by-products, adding value from waste and recycling will become bigger and bigger... even Tata Steel is going into recycling because, we believe that by 2050, the recycling industry will become bigger than the mining industry," the top company official said on Tuesday evening. Narendran also referred to the Tata Steel Industrial By-products Management Division (IBMD), which he said has a turnover of Rs 10,000 crore. He said the recycling sector presents opportunities in the form of designing steel for recycling and making good steel out of recycled materials. Live Events "Similarly, there are a lot of opportunities in what we call ' urban mining ' - because India does not have many critical minerals, but it will consume a lot of electronics - how can we take the critical minerals out of the electronics? - so these are big and emerging industries," Narendran said. He also highlighted how the digital medium has reduced the gap between big and small industries. "Scale is no longer important, but customisation is. Many small companies are successful because of digitalisation," Narendran said.
