Page 19 - Tata Steel

Tata Steel manufactured crane used in rocket launch for Chandrayaan-3

Private steel major Tata Steel on Wednesday said that it manufactured the crane used for the successful launch of the LVM3-M4 rocket, dubbed as 'Fat Boy', in the Chandrayaan-3 mission. It said the crane was manufactured in Tata Growth Shop in Jamshedpur. "Our cutting-edge crane technology played a crucial role... We supplied the Electric Overhead Traveling (EOT) crane which was installed at the Satish Dhawan Space Centre of Indian Space Research Organisation (ISRO) at Sriharikota, Andhra Pradesh," it said. "Through our contribution to the launch... we reaffirm our commitment to fostering India's technological advancement and growth," it stated. The rocket was launched from Sriharikota on July 14.

Tata Steel UISL spearheads measure to prevent dengue in Jamshedpur

Tata Steel UISL, a 100 per cent subsidiary of Tata Steel, on Monday said the company was taking measures to combat the spread of dengue and other vector-borne diseases in the monsoon season in Jamshedpur City. Tata Steel UISL has implemented a comprehensive strategy to prevent and control the transmission of dengue, the company said in a statement. Key activities undertaken by Tata Steel UISL included rigorous surveillance to identify and destroy mosquito larvae in residential areas. Trained teams are conducting thorough inspections and taking actions to eliminate the potential breeding sites. From April to June this year, a total of 180,062 houses have been covered under the surveillance and out of these, mosquitoes larvae were found in 4,193 houses, the statement said. Besides, Tata Steel UISL is conducting extensive searches for breeding sites of culex mosquitoes in outdoor stagnant water, drains, and ditches and riverbeds.

Stocks to watch: HDFC Bank, Bandhan Bank, LTIMindtree, Angel One, D-Mart

Stocks to watch on July 17, 2023: From HDFC Bank to Angel One, here are the top stocks to watch in Monday's trading session

Tata Steel to explore opportunities in lithium, other battery-minerals

The Tata Group, in June, also signed a deal with the Gujarat state government for setting-up a lithium-ion cell factory with an investment of about Rs 13,000 crore

Tata Steel joins LeadIT to drive net-zero industry transformation

Tata Steel has joined the Leadership Group for Industry Transition (LeadIT), a global initiative to accelerate the transition to net-zero emissions in heavy industry, the company said on Wednesday. LeadIT was created by the governments of Sweden and India during the UN Climate Action Summit in September 2019 and is backed by the World Economic Forum. The group brings together governments, companies, investors, and other stakeholders to share best practices, develop new technologies, and advocate for policies that support the transition to a net-zero emissions economy. Tata Steel's membership in LeadIT is a significant milestone for the company, as it positions Tata Steel as a global leader in the drive to decarbonize the steel industry. Tata Steel has set a goal to become net-neutral in carbon emissions by 2045, and joining LeadIT will help the company achieve this goal by providing access to a network of experts and resources. "Tata Steel's membership in LeadIT presents a signifi

Sensex sinks 505 pts, Nifty gives up 19,350 amid global weakness; PSBs soar

Closing Bell on July 7, 2023: PowerGrid, IndusInd Bank, HUL, NTPC, Bajaj Finance, HCL tech, Tech M, L&T, Asian Paints, ICICI Bank, ITC, Kotak Bank, Infosys, and HDFC twins declined up to 3 per cent

Stocks to Watch on July 7: Dabur, Titan, SBI Card, PSBs, Cipla, Sobha, IHCL

Stocks to Watch today, July 7, 2023: Titan Company has registered a 20 per cent year-on-year (YoY) consolidated revenue growth in Q1FY24

Tata Steel consolidated output falls 7.69% to 7.08 MT in Q1; sales grow 8%

Tata Steel on Thursday its consolidated production declined to 7.08 million tonnes (MT) in the first quarter of FY24. The company's consolidated production was at 7.67 MT during April-June of the preceding financial year, Tata Steel said in a statement. Consolidated deliveries however rose 7.97 pc to 7.04 MT from 6.52 MT in the same period of the last fiscal. In India, Tata Steel India produced 5.01 MT of steel over 4.92 MT in the year-ago quarter. The deliveries in India rose to 4.80 MT from 4.07 MT a year ago. Tata Steel Europe saw its production fall to 1.81 MT from 2.44 MT in April-June FY23. In Europe, the deliveries fell to 1.97 MT from 2.14 MT in the same quarter a year ago. In Thailand, Tata Steel Thailand produced 0.26 MT, down from 0.31 MT Q1 in the preceding fiscal. In Thailand also deliveries reduced to 0.27 MT from 0.31 in the year-ago quarter. "The planned relining of BF6 at Tata Steel Netherlands commenced in April and this has led to a drop in crude steel producti

Tata Steel dismisses 35 for 'unacceptable practices', says ethics priority

Company will uphold 'highest values' and has a zero-tolerance policy for breach, says Chandrasekaran

After TCS, Tata Steel suspends 35 employees for ethical misconduct

Another three employees were fired for sexual misconduct, taking the total tally to 38

Stocks to Watch on July 6: JSW Steel, Adani Wilmar, DCB Bank, Zomato, BSE

Stocks to Watch on Thursday: JSW Steel will replace HDFC in the S&P BSE Sensex effective from July 13. Moreover, Zomato will replace the stock in S&P BSE 100 index

Steel demand to grow on supportive policy reforms: Tata Steel Chairman

The demand for steel in the country is expected to grow owing to infrastructure development, rapid urbanisation, and supportive policy reforms, Tata Steel Chairman N Chandrasekaran said on Wednesday. Speaking at the company's 116th annual general meeting, he said that domestic steel consumption rose 10 per cent year-on-year (y-o-y) to 117 M in FY23. The steel industry was also impacted by the volatility in the global environment, which affected the steel demand-supply balance and resulted in volatility in steel prices. However, India appears to be an exception in the global steel arena, primarily owing to robust government spending and vibrant consumption, he said. "India's steel consumption grew by over 10 per cent y-o-y to 117 MT (Million Tonnes) in FY23. "India will continue to remain a major consumer within the global steel industry owing to infrastructure development, rapid urbanisation, and supportive policy reforms. We expect the steel demand growth to keep pace with the GD

'Steadfast' in hitting 40 MnTPA capacity in India by '30: Chandra

Responding to shareholder queries on future plans, he said most of the expansion to reach the capacity would be organic

Tata's NINL plant reaches 100% capacity utilisation in 1 yr of acquisition

NINL, a 1.1-million tonne steel manufacturing unit in Odisha, has reached 100 per cent capacity utilisation within one year of its acquisition by Tata Steel. On July 4 2022, the steel major completed the acquisition of Neelachal Ispat Nigam Ltd (NINL) through subsidiary company Tata Steel Long Products Ltd (TSLPL) for a consideration of Rs 12,000 crore. After being shut for almost three years, operations at the NINL unit was started by Tata Steel in October 2023. "NINL has successfully ramped up production to its rated capacity of 1 million tonnes on an annualised basis within just nine months of its acquisition," Ashish Anupam, MD of Tata Steel Long Products Limited (TSLPL), told PTI in reply to a query on the progress in one year of acquisition. The acquisition was efficiently implemented even though the NINL plant had been mothballed for nearly three years. In August 2023, the company will complete the commissioning of its last major facility, a coke oven unit at NINL, he ...

Centre to renew consultation with firms shortlisted under PLI scheme

DPIIT asked to nudge ministries to hold talks with beneficiaries

Will not reach emissions goal with current technologies, says Tata Steel

India's second-largest steel producer is seeking to trim emissions from the current 2.5 tons of carbon dioxide for every ton of the alloy produced to 1.8 tons in 2030

Tata Power, Amazon India's most attractive employers in 2023: Randstad

Last year, the list was topped by Microsoft, followed by Mercedes-Benz and Amazon

Early days of optimism for steel firms as prices move up in China

Stock valuations could improve dramatically if demand rebounds and the China policy support comes through

Stocks to watch: Tata Steel, NMDC, PNC Infra, Natco Pharma, MTAR Tech

Stocks to watch on June 19, 2023: From Tata Steel to NMDC, here are the top stocks to watch in Monday's trading session

Tata Steel plans Rs 16,000 cr capex in FY24 for domestic, global operations

Industry giant Tata Steel is planning a consolidated capital expenditure (capex) of Rs 16,000 crore for its domestic and global operations during the current financial year, according to its top management. Of the planned amount, Tata Steel has earmarked Rs 10,000 crore towards standalone operations and Rs 2,000 crore for its subsidiaries in India, the company's CEO & MD T V Narendran and Executive Director & CFO Koushik Chatterjee said. "The projected capital expenditure (capex) for FY2023-24 is set at Rs 16,000 crore on a consolidated basis which is intended to be financed through internal accruals over the full year," the executives said in the company's annual report for 2022-23. Of this, Rs 10,000 crore has been earmarked towards Tata Steel Standalone operations of which the Kalinganagar project will account for approximately 70 per cent, they said. The company is in process of expanding capacity of its plant at Kalinganagar, in Odisha to 8 MT from 3 MT. "Our other Indian