Tata Steel Ruled Out On Monday A Flotation In The Next Two To Three Years

Tata Steel ruled out on Monday a flotation in the next two to three years of the planned merger of its European steel operations with those of ThyssenKrupp.

T.V. Narendran, Tata's managing director for India and South East Asia, told Reuters that the capacity of Tata's Kalinganagar plant in India would like be expanded to 5 million tonnes.

Share price of Jaiprakash Power Ventures has locked at 10 percent upper circuit, testing 52-week high of Rs 8.80 Tuesday as it has received non-binding bids for acquisition of equity stake in the company.

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