News for The Tinplate Company of India Limited (TINPLATE.BO)

Tata Steel Limited faces ₹1.46 crore penalty for delayed stamp duty filing post merger with The Tinplate Company.

The five companies being integrated are Tata Steel Mining Ltd, Tata Steel Long Products Limited, S&T Mining Company Limited, The Tinplate Company of India Ltd, and Tata Metaliks Limited.

Tata Steel's proposed merger with TRF called off due to improved operations, while other mergers are underway.

Tata Steel merger: With the amalgamation coming into effect, The Tinplate Company of India Limited stands amalgamated into and with Tata Steel and dissolved without being wound up on and from the effective date

Sensex fell 671 points to end the session at 71,355 and Nifty lost 198 points to settle at 21,513.

Tata Steel would issue and allot fully paid-up ordinary equity shares, to those shareholders of Tinplate Company, whose names would appear in the Register of Members on the record date i.e. Friday, January 19, 2024.

Sensex rose 31 points to end the session at 72,271 and Nifty gained 10 points to settle at 21,741.

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John Cockerill India Ltd. secured a Rs. 280 crore contract from The Tinplate Company of India Ltd. for engineering, design, manufacturing and supply of plant and equipment for a continuous annealing line, boosting its share price by 2.68%.

The profits have risen despite lower revenues on declining material costs.