Page 2 - Tata Steel Ltd News

Nifty Metal index up 2%; SAIL, Tata Steel, JSPL, JSW Steel gain up to 5%

In the past six months, the Nifty Metal index has underperformed the market by falling 6 per cent as against a 4 per cent decline in the benchmark index

Tata Steel likely to tap corporate bond market after near 1-year hiatus

Tata Steel is likely to raise around Rs 3,000 crore ($345.6 million) through this bond issue

Tata Steel, SAIL: Outlook for Indian steel stocks on Trump tariff woes

Technical chart shows that Nifty Metal has a strong support base around the 8,000-mark; In case, the index violates the same it can slide another 15 per cent from present levels.

Built over 550 AI models in 5-6 yrs to enhance output, quality: Tata Steel

Tata Steel on Tuesday said it has invested significantly in cutting-edge generative Artificial Intelligence (AI) platforms and built over 550 models to enhance output, productivity and quality. The steel giant claimed that it is at the forefront of technological transformation through the integration of AI and industry technologies. "In the last 5-6 years, the company has built over 550 AI models for enhancing yield, energy, throughput, quality and productivity, stakeholder experience, safety, and sustainability," the company said in a statement. The steelmaker also said, "The company has invested significantly in cutting-edge generative AI platforms which are now powering automated insights, conversational interfaces, and addressing hard-to-solve use cases by combining the abilities of conventional (mathematical) AI with the creative capacities of Generative AI." By focusing on AI's practical applications, Tata Steel continues to redefine the industry with initiatives that combine

Nifty Metal eyes 15% fall if it breaks 7,900; these stocks may be worst hit

The Nifty Metal index was seen testing the 100-WMA (Weekly Moving Average) support for the third time in the last 4 weeks. Similarly metal stocks too are testing long-term supports; check levels here.

Tata Steel becomes 'India's 1st' to develop hydrogen transportation pipes

The newly developed pipes can transport 100 per cent pure gaseous hydrogen under high pressure (100 bar)

Tata Steel expects stable realisations in India for March quarter

Tata Steel management projected flat realisations for the Indian market in the fourth quarter with potential upside contingent on significant changes in the upcoming Union budget or government safeguards. However, coking coal costs in India are expected to reduce by USD10 per tonne quarter-on-quarter, providing some relief to the company, the management told analysts in a concall. The steel industry was seeking safeguard duty against cheap imports. The Directorate General of Trade Remedies (DGTR), has also started an investigation into imports of 'Non-Alloy and Alloy Steel Flat Products', used in various industries, including fabrication, pipe making, construction, capital goods, auto, tractors, bicycles, and electrical panels. Tata Steel, on the European front, anticipates lower realisations in both the UK and Netherlands due to annual contract renewals at the calendar year-end. In the UK, realisations are expected to decline by 60 Pound per tonne quarter-on-quarter, driven by a

Tata Steel Q3 results: Net profit down 36% to Rs 326 cr on subdued prices

Total revenue on a consolidated basis stood at Rs 53,648 cr in Q3, down 3.01%

Tata Steel Q3 result: Net profit drops 43% to Rs 295 cr due to lower income

Tata Steel on Monday reported a 43.4 per cent decline in consolidated net profit to Rs 295.49 crore for the quarter ended on December 31, 2024, due to lower income. The company had posted a consolidated net profit of Rs 522.14 crore in the year-ago period. The consolidated income declined to Rs 53,869.33 crore in the October-December period from Rs 55,539.77 crore in the corresponding quarter of the previous fiscal, according to an exchange filing by Tata Steel. Total expenses of Tata Steel dropped to Rs 52,118.09 crore over 53,351.13 in the year-ago period. The steel major had earlier said that its India crude steel production grew by 6 per cent to 5.68 million tonnes (MT) in the third quarter of the current fiscal compared to 5.35 MT in the corresponding quarter of the previous fiscal. Deliveries in India reached 5.29 MT for the third quarter, up 8.4 per cent Y-o-Y, due to steady sales in the domestic market and strategic presence in exports. Tata Steel Netherlands reported liq

Q3 results Jan 27: Coal India, Tata Steel among 78 to post earnings today

Q3FY25 company results, January 27: Coal India, Bajaj Housing Finance, Canara Bank, and ACC will release their reports for the Oct-Dec 2024 quarter

Tata Steel to decommission India's first stamp charge coke oven battery

Tata Steel on Sunday issued an advisory about the decommissioning process of its coke oven battery #7 at its Jamshedpur works on January 27 to avoid misinterpretation of the flaring that will occur during the procedure for retiring the battery. India's first stamp charge coke oven battery, which remained operational for 36 years, produced over 12 million tonnes of coke and revolutionised the steel industry, the company said in a statement. The decommissioning process will involve isolating the battery from the by-product plant foul gas suction network. During the shutdown, raw gas from the ovens will be safely flared from oven top flares and ascension pipes as per standard operating procedures, the statement said. Flaring will commence at 9 am and continue for nearly 24 hours, the statement added. The steel major emphasised that this was a planned and controlled activity, and the flaring observed during this time is entirely safe.

Tata Steel files curative petition in SC over tax on mineral land

Tata Steel has captive mines in Jharkhand and Odisha

MRF, L&T Finance, IOC, SAIL among 50 stocks from BSE500 to hit 52-week lows

In one month, the BSE 500 index has underperformed the market by falling 8.1 per cent, as compared to the 6.5 per cent decline in the BSE Sensex during the period

Sensex may test 76,300 this week; Nifty can fall another 8% from here on

The near term bias for Nifty is likely to remain negative as long as the index remains below 23,660 - 23,940 resistance zone, shows the technical chart.

Tata Steel, Coal India, Hero MotoCorp from Nifty 50 hit 52-week lows

These stocks were down in the range of 1 per cent to 3 per cent in intra-day trades. They have corrected by up to 35 per cent from their respective 52-week highs

Tata Steel's crude steel production rises 6% to 5.68 mn tonnes in Q3FY25

Steel major Tata Steel on Tuesday said its crude steel production in the country grew by six per cent to 5.68 million tonnes in the third quarter of the current fiscal. The company's crude steel output was 5.35 MT in the corresponding quarter of the previous fiscal. "Tata Steel India crude steel production stood at 5.68 million tonnes. Production was up eight per cent quarter-on-quarter and six per cent year-on-year, aided by the commissioning of the five MTPA blast furnaces at Kalinganagar in September," the steel firm said in a regulatory filing. Deliveries in India reached 5.29 MT for the third quarter, up 8.4 per cent year-on-year, due to steady sales in the domestic market and strategic presence in exports. Tata Steel Netherlands reported liquid steel production of 1.76 million tonnes for the third quarter with deliveries at 1.53 million tonnes. "Deliveries include volumes to UK operations of around 0.12 million tonnes. For nine months of FY25, deliveries were up 16 per cent

Tata Steel Netherlands faces fines of almost 27 mn euros over emissions

Tata Steel Netherlands will face fines of almost €27 million ($28 million) if it doesn't take measures at its coke plaBy Charlotte Hughes-Morgan

Tata Steel starts all-women shift at Jharkhand's Noamundi iron mine

The shift will comprise women employees for all the mining activities of the shift, including heavy earth-moving machinery

Tata Steel engages with NMDC, OMC to secure iron ore needs for future

Tata Steel has initiated discussions with state-run miners NMDC and Odisha Mining Corporation (OMC) to secure future iron ore supplies as the company ramps up its domestic steel manufacturing capacity. Tata Steel will also operationalise two new iron mines namely Kalamang West and Gandalpada as part of its strategy to ensure raw material security, the company's Vice President, Raw Material, D B Sundara Ramam told PTI. At present, Tata Steel meets its entire demand for iron ore, a key raw material used for manufacturing steel, from six iron ore mines operated by the company in Odisha and Jharkhand. Ramam said raw material plan has been carved out as leases of four mines -- Noamundi iron ore mine (being operated since 1925), Katamati and Khondbond (since 1933) and Joda East (1956) -- are expiring in March 2030. While two other mines NINL (Mithirda) and Vijay II will continue to remain operational. The mines came along acquisition of NINL plant and Usha Martin's steel business, he .

Sensex plunges 1200pts, Nifty below 24200; Why stock markets crashed today?

Stock market crash: The Indian stock market crashed heavily on Friday, with the BSE's Sensex dropping 1,207 points or 1.48 per cent to its intraday low of 80,082