Steel stocks in demand: In past five trading days, the BSE Metal index outperformed the market by surging 6 per cent, as against 0.98 per cent rise in BSE Sensex.
Metal stocks were in demand on Wednesday amid buzz that the government may reallocate non-operational iron ore mines held by SAIL and OMC.
At 12:37 PM; Nifty Metal index, the top gainer among sectoral indices, was up 2.6 per cent, as compared to 0.57 per cent rise in Nifty 50.
Tata Steel's top brass on trade headwinds, European operations, MSME concerns, and India expansion plans amid Q1FY26 profit surge
Tata Steel will continue with its cost takeout programme in the coming quarters of the ongoing fiscal year in a bid to maintain profitability, the company's Chief Financial Officer (CFO) Koushik Chatterjee said on Thursday. The Tata Group entity on Wednesday saw its consolidated net profit more than doubled to Rs 2,007.36 crore during the June quarter, despite volatile global macro conditions and heightened uncertainty. "The strong improvement in our Q1 performance on QoQ as well as YoY basis was driven by an increase in our net steel realisations and the planned cost takeouts," Tata Steel CEO & MD T V Narendran said. In financial terms, cost takeout refers to strategic cost reduction measures taken by companies by removing unnecessary expenses to improve profitability and efficiency. Tata Steel has delivered resilient performance and sequentially improved margins by around 200 bps despite challenging demand and uncertainty on trade and tariffs, said Chatterjee, who is also the ...
Total revenue on a consolidated basis in Q1FY26 was ₹53,178.12 crore, down 2.91 per cent Y-o-Y
Tata Steel's revenue from operations declined by 3 per cent year-on-year (Y-oY) to ₹52,744 crore in Q1 FY26, down from ₹54,412 crore in Q1 FY25
Group firms undertook capex and investments of over Rs 4.5 trn, says chairman of conglomerate
Port Talbot, Tata Steel's upstream steelmaking facility in South Wales, had largely been a drag on the company's bottom line since it acquired Anglo-Dutch steelmaker Corus in 2007
Share market fall today: NSE Nifty was trading below the key psychological 25,000 level, down by 140 points or 0.56 per cent.
As a strategy, they have moved utilities sector to equal weight. Financials, Telecom, small discretionary, remain their overweight sectors.
Tata Steel's Port Talbot transformation gets underway with construction of a 3 mt electric arc furnace, backed by £500 mn UK government support for low-carbon steelmaking
Technical outlook on Tata group stocks: Chart suggests up to 16% downside risk for Tata Motors, Titan, Trent and Tata Power; here are the key levels to track on these shares.
Stocks to Watch today, July 9, 2025: 5paisa Tata Motors, Dixon Technologies and Ola Electric are some of the top stocks to watch today
Tata Steel reported lower Q1 production in India, but saw strong growth in automotive, retail, and online sales. European operations remained steady
According to Tata Steel, the agreement will help expand its offerings in the infrastructure space by adding value-added construction products to its portfolio
Revised assessment cites breach of mineral rules and shortfall in dispatches from Sukinda Chromite Block; Tata Steel plans legal action against the demand
Tata Steel is confident of completing its transition to green steel manufacturing in the UK and Netherlands as per schedule, the company's Chairman N Chandrasekaran said on Wednesday. He made the remarks while addressing the shareholders at the company's 118th Annual General Meeting (AGM). "...we remain confident that the transition to green steel making in the UK and the Netherlands will happen as per our plans, in the next few years," Chandrasekaran said. In the UK, the company has progressed toward low-emission steelmaking with the decommissioning of two blast furnaces at Port Talbot, paving the way to transition to state-of-the-art Electric Arc Furnace-based steelmaking by fiscal 2028, supported by 500 million pounds of UK government funding. In the Netherlands, the company is in discussions with the Dutch government for financial and policy-level support on our decarbonisation plan. Tata Steel has also launched a cost transformation programme, targeting savings of 500 million
At 11:48 AM; Nifty Metal index, top gainer among sectoral indices, was up 1.4 per cent, as compared to 0.2 per cent decline in the Nifty 50.
Tata Steel has awarded a major contract to Welsh engineering firm Systems Group for the first phase of the refurbishment of its two continuous casters in Port Talbot, South Wales in the UK, a statement said on Tuesday. Systems Group, based in Maesteg, will carry out critical structural work and pipework replacement on Port Talbot's two continuous casters an essential part of the steelmaking process, turning liquid steel from the Electric Arc Furnace into solid steel slabs. The scheme is a key part of Tata Steel UK's GBP 1.25 billion transition to greener steelmaking. The life-extension of the continuous casters will support the journey to sustainable low CO2 steelmaking as the business prepares for the commissioning of a new electric arc furnace (EAF) by the end of 2027. Once operational, the EAF is expected to reduce Port Talbot's carbon emissions by approximately 90 per cent, equivalent to 5 million tonnes of CO2 per year. Ryan O'Neill, Managing Director at Systems Group, said: