Page 21 - Tata Steel

Stocks to Watch Today: Airline, Tata Steel, PSB, Airtel, Sugar, Max Health

Stocks to Watch: Shares of aviation firms, such as IndiGo, SpiceJet, Jet Airways, are likely to be in focus on May 03 after Go First filed for insolvency proceeding on Tuesday.

Tata Steel flags risk to UK operations' status as a going concern

Discussions with the UK government on support for the transition had been on for almost three years now

Tata Steel Q4 net profit down 82% to Rs 1,704.86 crore but beats estimates

In Q4FY23, Tata Steel Europe reported an EBITDA loss of Rs 1,641 crore. In the previous quarter, EBITDA loss had stood at Rs 1,551 crore

Tata Steel Q4 results: Consolidated net profit declines 83% to Rs 1,705 cr

The Tata Steel board has declared a dividend of Rs 3.60 per equity share

From Ambuja Cements to Tata Steel: Q4 results to watch out for today

Q4 Results of Adani group companies are important to look at the fundamentals of the group after the rout its companies had to face post the Hindenburg Research report

Stocks to Watch Today: Adani Group, UltraTech, Auto, Sugar, ONGC, Blue Star

Stocks to Watch: On the earnings front, Ambuja Cements, Adani Total Gas, PSB, Tata Steel and Uco Bank are likely to be on investors radar on Tuesday.

Tata Steel signs business cooperation agreement with A&B Global Mining

Tata Steel on Thursday said it has signed an agreement with A&B Global Mining to harness new business development opportunities and deliver mine technical services. The steel major will closely work with ABGM India which will interface with their South African entity to explore business opportunities in India and abroad besides utilise each other's technical and strategic strengths to deliver projects across the mining and metals, including the steel value chain, a company statement said. ABGM will also collaborate with Tata Steel to deliver competitive integrated business solutions to the global mining industry, it said. "We started offering mine technical services commercially to the mining industry along with our partners, and this agreement will further complement our capabilities and capacities to raise the standards of such services in India in particular and internationally in general for more scientific and sustainable mine development, Tata Steel vice president (raw ...

TSLP reports Rs 184 cr loss in Q4 on account of increased expenses

Tata Steel Long Products (TSLP) has posted a standalone loss of Rs 184.11 crore during the fourth quarter of financial year 2022-23, on account of increased expenses. The company had reported a net profit of Rs 59.62 crore during the January-March period of fiscal year 2021-22, TSLP said in a regulatory filing on Tuesday. The company's total income rose to Rs 1,911.98 crore, from Rs 1,823.67 crore in the year-ago quarter. While the company's total expenses surged to Rs 2,054.12 crore in the quarter under review, from Rs 1,738.24 crore in the same quarter a year ago. For the full year 2022-23, the company has posted a loss of Rs 1,085.49 crore. It had clocked Rs 629.87 crore net profit in FY 2021-22. Tata Steel Long Products is into manufacturing of high alloy steel primarily for the auto sector and wire rope industry. With one million tonnes capacity, it is one of the largest speciality steel plants in India in the long product segment. Besides, the company also manufactures and

Tata Steel starts hydrogen gas injection in furnace to cut CO2 emissions

Process in line with company's vision of becoming net zero by 2045

Metal shares gain in subdued market; Jindal Steel, Tata Steel soar up to 4%

Thus far in the month of April, Jindal Steel has rallied 8 per cent, as against 1.6 per cent rise in the Nifty 50 and 5.7 per cent gain in the Nifty Metal index.

Tata Steel in talks to raise up to $400 million in offshore green loan

No final decision has yet been taken and details may still change, according to the people. Bloomberg-compiled data indicate this would be Tata Steel's first green loan

Talks with UK government on financial package continue: Tata Steel CEO

Tata Steel is still pursuing its request for the financial package with the UK government, the company's CEO T V Narendran said. Narendran who is also the Managing Director of Tata Steel made the remarks in reply to a question on stance on exiting the UK business. "Tata Steel is still pursuing it (request) with the government there (UK)," he told PTI on the sidelines of an event in the national capital. There has been no conclusion to the request made for a financial package, he said. India-headquartered Tata Steel owns the UK's largest steelworks at Port Talbot in South Wales and employs around 8,000 people across all its operations in the country. The company had sought 1.5 billion pounds from the UK government to execute its decarbonisation plans. However, the British government earlier this year made a counter offer which was much lower to the company's expectations. Speaking to PTI, Narendran had said that Tata Steel cannot see its future in the UK without the support of th

Tata Steel saw record operational performance in FY23: CEO T V Narendran

Tata Steel India reported a record operational performance in the last financial year despite a challenging environment, according to the company's CEO & MD T V Narendran. The company produced 19.87 Million Tonnes (MT) of steel in the last fiscal as against 19.06 MT in 2021-22. During the same period, sales were higher at 18.87 MT compared to 18.27 MT in the year-ago period. "Tata Steel India reported a record-breaking operational performance in FY23 despite a challenging environment," Narendran said in a statement on Thursday. "Our strong marketing network and agile business model enabled us to grow across segments," he added. During January-March period, Tata Steel India's production increased to 5.15 MT from 4.90 MT in the year-ago period.

Stocks to Watch: Dmart, Tata Steel, HeroMoto, Nykaa, Equitas SFB, Godrej CP

Stocks to Watch: Hero MotoCorp is now looking to cut flab and move towards a leaner organisation. It has launched a voluntary retirement scheme for its staff to make the organisation agile

Tata Steel output grows 3% to 7.77 MT in Q4; sales fall 3.43% to 7.59 MT.

Tata Steel India's production increased to 5.15 MT during the said quarter from 4.90 MT in January-March 2021-22 and tts sales rose marginally to 5.15 MT from 5.12 MT a year ago

Tata International appoints Rajeev Singhal as Chief Operating Officer

Tata Group's trading and distribution arm Tata International on Tuesday announced the appointment of Rajeev Singhal as its Chief Operating Officer. He assumed office from April 1, 2023 and will report to Tata International Ltd Managing Director Anand Sen, the company said in a statement. All vertical heads will report to Singhal, who moved from Tata Steel to Tata International and has experience of over 35 years, it added. Prior to his latest role, he was Vice President of Marketing and Sales for Flat Products at Tata Steel. "I believe that his strategic insights and operational expertise will be invaluable as we continue to drive growth and expand our presence. I am confident that under his leadership, Tata International will scale to greater heights in all aspects of the business," Sen said.

Tata Steel subsidiary Tinplate Company set for Rs 2,000 crore expansion

TCIL's current capacity is 415,000 tonnes; first phase of expansion, which involves an investment of Rs 2,000 crore, would add another 300,000 tonnes

Stocks to watch: Tata Steel, BEL, Paytm, Zydus Life, Crompton Greaves, NBCC

Stocks to watch: From Tata Steel to Bharat Electronics, here are few stocks likely to see action in Monday's trading session

Steelmakers press for higher auto contract prices after three quarters

Spot steel prices have been rising both globally and at home since December; a hike of over 12% in the domestic market would have been the basis of negotiations for the upcoming contracts

Rlys order for supply of seats for Vande Bharat, not for coaches: Tata

The order placed by the Railways is for the supply of seats and interior panels for Vande Bharat trains and "not to manufacture its coaches", a Tata Steel official has clarified. As part of the Rs 225 crore order, Tata Steel will supply light-weight seats for 23 coaches of Vande Bharat rails and fibre-reinforced polymer composites-based interior panels for 16 coaches of the high-speed train, Debashish Bhattacharjee, Vice President (VP) - Technology & New Materials Business of Tata Steel, told PTI. Some sections of the media have reported that Tata Steel has bagged orders for manufacturing coaches of Vande Bharat trains, which is "incorrect and baseless. We have not received the order to manufacture its coaches," he said. "Tata Steel has bagged the seats and interior panels order through a competitive bidding process executed by the national transporter (the Railways). We appeared as L1 for the prestigious order," he said, adding that the value of the order is Rs 225 crore. The ...