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Tata Steel to acquire pellet producer BRPL

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7 years ago

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Tata steel, kolkata, pellet producer, Moorgate Industries Group,mig, Tata Steel Limited,brplKolkata:  Tata Steel Limited on Friday said it has executed definitive agreements to acquire 100 percent equity of Odisha-based Brahmani River Pellets Ltd for over Rs 900 crore.”..(The company) has executed definitive agreements to acquire 100 percent equity shares of Brahmani River Pellets Limited (BRPL) from Aryan Mining and Trading Corpn Private Ltd (AMTC) and other companies in the Moorgate Industries Group (MIG),” a company statement said.

“The transaction is based on an enterprise value of BRPL of Rs 900 crore plus closing adjustments and is subject to completion of certain condition precedents including regulatory approvals,” it added.The funding for the acquisition would be done from steel maker’s internal cash flows.”The location of the BRPL assets makes this very strategic to Tata Steel especially to our Kalinganagar operations and has significant operating synergies to make our Kalinganagar plant even more competitive for the future,” said Koushik Chatterjee, Group Executive Director (Finance and Corporate).

BRPL owns a 4 mtpa pellet plant at Jajpur, Odisha and 4.7 mtpa iron ore beneficiation plant at the state’s Barbil, with both connected through a 220 km underground slurry pipeline.”The iron ore from our captive mine in the Joda and Khondbond region will get transferred in future through the slurry pipeline and reduce freight costs significantly,” Chatterjee said.

He said that the 4 mtpa pellet plant and other infrastructure would enhance the operating efficiency and reduce costs of blast furnace operations in Kalinganagar.
 

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Apple is giving a huge discount on its gadgets: Details inside

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2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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