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The country's oldest steel producer is currently in talks with SSAB Sweden for the sale of its Dutch operations, as it seeks to make a full exit
The company's Ebitda from India operations surged 4.1 times quarter-on-quarter (QoQ) and 49 per cent year-on-year (YoY) to Rs 6,025 crore.
Firm prospects in India and restructuring of European operations to improve Street sentiment further
As a principle, we are determined to ensure all businesses, including Indian and overseas subsidiaries, are free cash flow positive, says Chatterjee
Tata Steel said it has initiated discussions with SSAB Sweden based on interest received for the potential acquisition of Tata Steel's Netherland business, including Ijmuiden steelworks
This, even as sales jumped 7.4% YoY and capacity utilisation reaches normal levels
SSAB earlier on Friday confirmed it is in discussions with Tata Steel Group
Tata Steel partly-paid up shares were locked in the 10 per cent upper circuit at Rs 80.90, which was also its 52-week high on the BSE
Under the MoU, Hindustan Zinc will cater to both Tata Steel & Tata Steel BSL
Tata Steel will allow employees to choose between working from home or office; JSW Steel is weighing a distributed workplace strategy
Steel sale in India may be lower by 20 per cent at present but China's rapid recovery has helped global steel industry, he said
Encouraging economic data from China, rising demand and higher realisations improve earnings outlook
Steel producers in Europe are under pressure to consolidate, having been battered by weaker demand and global overcapacity
During Q2, Tata Steel not only achieved its highest-ever domestic deliveries of 5.05 million tonnes (MT), volumes at its European operations too, rebounded to year-ago levels
Tata Steel BSL on Wednesday posted a consolidated net profit of Rs 341.71 crore for the quarter ended September 2020, helped by higher income
The company reported a consolidated net profit at Rs 59 crore in Q2FY21, as against loss of Rs 197 crore in the year ago quarter
They have also been hiking prices almost every month, the latest being in October by Rs 1,500-2,000 a tonne, depending on the product category