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TATA STEEL LTD. - Updates
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07 Oct 2015
Tata Steel Ltd has informed BSE that the Trustee of the British Steel Pension Scheme (the Scheme) and Tata Steel UK Limited (TSUK), an indirect subsidiary of Tata Steel Limited have concluded the triennial actuarial valuation of the Scheme as at March 31, 2014.&lt;BR&gt;&lt;BR&gt;As a result of measures agreed between the Trustee and TSUK and benefit changes implemented following consultation between TSUK, its employees and their representatives, the on-going residual deficit has been reduced from around c550 million as at March 31, 2011 to c90 million as at March 31, 2014.&lt;BR&gt;&lt;BR&gt;Accounting impacts arising from the changes to the pension plan will be recorded in the Company&apos;s Accounts in due course.
View all announcements for TATA STEEL LTD. Source: BSE India