Page 40 - Tata Steel

Top headlines: Govt buries retro tax; Cipla Q1 net profit rises 24%

Business Standard brings you the top headlines on Thursday

Ahead of Q1 results, Tata Steel rallies on rare double ratings upgrade

An improving balance sheet is aiding the bullish sentiment as Tata Steel joins scores of Indian corporates who are using record-low interest rates to trim their liabilities.

Tata Steel BSL posts Rs 2,478-crore consolidated net profit for June qtr

Tata Steel BSL Ltd on Wednesday returned to the black, posting a consolidated net profit of Rs 2,478 crore in the quarter ended June 30.

S&P upgrades Tata Steel's long-term issuer rating to 'BB' from 'BB-'

The outlook on ratings is stable and reflects the view that the company can adequately deleverage to reduce volatility in credit metrics during industry downturns

Sensex rebounds after 3-day slide; dovish Fed calms world markets

Tata Steel hogged the limelight in the Sensex pack, rallying 6.87%

Tata Steel rides metal rally to become second biggest firm in group

It accounts for 9.2% of group m-cap, highest in a decade

Back to old normal: Robust demand propels metals to pre-Covid levels

In the third instalment of a four-part series on how some of the defining numbers in key sectors are springing back to the pre-pandemic level, Ishita Ayan Dutt looks at India's metals industry

Tata Steel foundation inks pact with NGOs to boost education among children

Tata Steel Foundation on Friday said it has inked pacts with non-profit bodies - KMCO and CIF in a bid to boost education among underprivileged children and youth in Jamshedpur.

Tata Steel arm, Jindal Stainless sign MoU for chrome ore mining in Odisha

Tata Steel Mining Ltd and Jindal Stainless Ltd signed an MoU to jointly unearth chrome ore locked up in the boundary between their mines located at Sukinda in Odisha's Jajpur district

Tata Steel's Jharia division commissions 2MTPA coal plant in Jharkhand

Tata Steel has set up a 2 million tonne per annum (MTPA) coal preparation plant at Jamadoba under its Jharia division, the steel giant said on Friday. Tata Steel's Jharia division has taken several initiatives of automation and digitalisation which has helped in improving operational excellence. "In line with its mechanisation and modernisation programme, Tata Steels Jharia division has commissioned the state-of-the-art 2 MTPA coal preparation plant and 400 kilovolt-ampere (kVA) Uninterrupted Power Supply (UPS) for Main Mechanical Ventilator at Jamadoba colliery," Tata Steel said in a statement. These facilities were inaugurated by D B Sundara Ramam, Vice President (Raw materials), Tata Steel in the presence of Sanjay Rajoria, General Manager, Jharia division. Built from cutting-edge technology, the 2 MTPA coal preparation plant has been transformed from the oldest running washery in Asia (in operation since 1952) to one of the most modern washeries across the globe.

Tata Metaliks reports Rs 94.72 crore net profit for June quarter

The firm was helped higher sales and price realisation

CARE Rating upgrades Tata Steel's credit outlook; stock nears record peak

Tata Steel's focus on the growing India market, highest exposure to high-priced flat products, and full iron ore integration till CY30, makes it an attractive long-term play, say analysts

Stocks to watch: TCS, Bharat Dynamics, Tata Steel, BoB, Delta Corp

CARE upgraded long term credit rating for Tata Steel to AA+ from AA and the outlook to Stable from Negative

Sensex closes above 53,000 for the first time ever, adds 193 pts

Nifty 50 index rose 61 points, or 0.4 per cent, to end at a new lifetime high of 15,879.65

Tata Steel outlines Rs 10,000-12,000 cr annual India capex over next 5 yrs

As against a $1 billion annual debt reduction target, the company is likely to reduce gross debt by over $2 billion in FY22

Tata Steel June quarter crude steel output jumps over 43%; sales up 35%

Consolidated crude steel output was at 7.94 million tonne (MT) during the quarter

Tata Steel April-June crude steel output up 55% YoY to 4.62 million tonnes

Production falls sequentially as company diverts industrial oxygen for medical use

Tata Steel ramps up financials amid Covid; recommends highest ever dividend

Firm reduced net debt by Rs 29,390 crore taking consolidated net debt to Rs 75,389 crore in FY21

With massive investment plans, steel leads India Inc's capacity expansion

Several top companies, led by steel majors ArcelorMittal Nippon Steel India (AM/NS India), JSW Steel, Tata Steel and Hindalco, are planning to expand capacity in the next few quarters

Stocks to watch: Power Grid, SBI, Tata Steel, CESC, Federal Bank, Wipro

SBI Board is slated to meet on June 21 to consider a fundraising plan for FY22