Tata Steel transfers stakes to TSDPL

05 Jan 2021 Editorial Team

Tata Steel has announced that it has transferred its stake in two companies to Tata Steel Downstream Products Ltd (TSDPL), a wholly-owned subsidiary of the firm, in a bid to reorganise its India footprint. The company transferred the 51% stake it held in Jamshedpur Continuous Annealing and Processing Company Private Ltd (JCAPCPL) and 50% of its stake in Tata BlueScope Steel Private Ltd (TBSPL) to TSDPL.

TSDPL was created to provide steel service centre solutions for the first time to industrial customers. It originated as Tata Ryerson Ltd in 1997, a joint venture between Tata Steel of India and Ryerson Inc of the US.

The step to transfer the stakes was taken to reorganise the company's footprint in India into four clusters to drive scale, synergies, and simplification and value creation for all stakeholders.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..