Tata Steel Ltd News
Nifty Metal index gains over 2%; JSL, Vedanta, Tata Steel rally up to 6%
At 12:40 pm, the Nifty Metal index, the top gainer among sectoral indices, was up 2.5 per cent, as compared to the 0.55 per cent rise in the Nifty 50
Steel demand to grow despite global geopolitical issues: Tata Sons chairman
Tata Sons Chairman N Chandrasekaran on Monday said the demand for steel will continue to grow irrespective of the prevailing global geo-political situation. Chandrasekaran, speaking at the 186th birth anniversary celebration of Tata Steel founder J N Tata here, said the most important thing to recognise is that the demand for steel will continue to grow and the best way to face such a situation was to be prepared by maintaining efficiency and cost-management, and increase productivity". He also said the company will need help of the government, its policies, employees and workers unions for technology adoption. The management has to be bold to expand, maintain efficiency, manage cost and enhance productivity, while assuring to continue investing, including in Jamshedpur, Chandrasekaran said. Asked about the raging debate on tariffs, he said there is no point in talking about what will be the price/tariff; we have to focus on our productivity. Tariffs are import duties imposed and
Tata Steel seeks safeguard duties on imports amid US tariff concerns
Tata Steel's managing director TV Narendran on Tuesday pitched for safeguard duties on steel imports to protect the domestic steel industry from the indirect impact of US tariff hikes. He said many countries have initiated similar actions on steel imports, pointing out that the last three days have seen Vietnam imposing an anti-dumping duty on Chinese steel imports, and South Korea has also taken a similar decision. "We are asking for safeguard duties, which can be imposed immediately to help us," Narendran told reporters on the sidelines of the tech industry lobby grouping Nasscom's annual event NTLF here. After assuming office as the US President last month, Donald Trump ordered a 25 per cent import tax on all steel and aluminium entering the US and ended exemptions given to Canada and European steel earlier. Narendran said the Indian Steel Association has already made a submission to the government for safeguard duty, and added that it has pitched for a safeguard duty instead of
Metal index extends gain, up 6% in 1 week on hopes of earnings improvement
National Aluminium Company, Steel Authority of India, Hindalco, Jindal Stainless and Tata Steel from the BSE Metal index were up in the range of 2 per cent to 4 per cent in intra-day trade on Friday.
Nifty Metal bounces back from long-term support levels, can gain another 7%
The Nifty Metal index tested the 100-Week Moving Average for the last six weeks, and seems to have defended it for now. Among stocks Tata Steel, SAIL and Hindalco can rally up to 12%, suggest charts.
Here's why Tata Steel share was in demand on February 19, key details here
Tata Steel shares rose after it announced that the Neath Port Talbot Council's Planning Committee has approved its proposal for state-of-the-art Electric Arc Furnace steelmaking at Port Talbot
Nifty Metal index up 2%; SAIL, Tata Steel, JSPL, JSW Steel gain up to 5%
In the past six months, the Nifty Metal index has underperformed the market by falling 6 per cent as against a 4 per cent decline in the benchmark index
Tata Steel likely to tap corporate bond market after near 1-year hiatus
Tata Steel is likely to raise around Rs 3,000 crore ($345.6 million) through this bond issue
Tata Steel, SAIL: Outlook for Indian steel stocks on Trump tariff woes
Technical chart shows that Nifty Metal has a strong support base around the 8,000-mark; In case, the index violates the same it can slide another 15 per cent from present levels.
Built over 550 AI models in 5-6 yrs to enhance output, quality: Tata Steel
Tata Steel on Tuesday said it has invested significantly in cutting-edge generative Artificial Intelligence (AI) platforms and built over 550 models to enhance output, productivity and quality. The steel giant claimed that it is at the forefront of technological transformation through the integration of AI and industry technologies. "In the last 5-6 years, the company has built over 550 AI models for enhancing yield, energy, throughput, quality and productivity, stakeholder experience, safety, and sustainability," the company said in a statement. The steelmaker also said, "The company has invested significantly in cutting-edge generative AI platforms which are now powering automated insights, conversational interfaces, and addressing hard-to-solve use cases by combining the abilities of conventional (mathematical) AI with the creative capacities of Generative AI." By focusing on AI's practical applications, Tata Steel continues to redefine the industry with initiatives that combine
Nifty Metal eyes 15% fall if it breaks 7,900; these stocks may be worst hit
The Nifty Metal index was seen testing the 100-WMA (Weekly Moving Average) support for the third time in the last 4 weeks. Similarly metal stocks too are testing long-term supports; check levels here.
Tata Steel becomes 'India's 1st' to develop hydrogen transportation pipes
The newly developed pipes can transport 100 per cent pure gaseous hydrogen under high pressure (100 bar)
Tata Steel expects stable realisations in India for March quarter
Tata Steel management projected flat realisations for the Indian market in the fourth quarter with potential upside contingent on significant changes in the upcoming Union budget or government safeguards. However, coking coal costs in India are expected to reduce by USD10 per tonne quarter-on-quarter, providing some relief to the company, the management told analysts in a concall. The steel industry was seeking safeguard duty against cheap imports. The Directorate General of Trade Remedies (DGTR), has also started an investigation into imports of 'Non-Alloy and Alloy Steel Flat Products', used in various industries, including fabrication, pipe making, construction, capital goods, auto, tractors, bicycles, and electrical panels. Tata Steel, on the European front, anticipates lower realisations in both the UK and Netherlands due to annual contract renewals at the calendar year-end. In the UK, realisations are expected to decline by 60 Pound per tonne quarter-on-quarter, driven by a
Tata Steel Q3 results: Net profit down 36% to Rs 326 cr on subdued prices
Total revenue on a consolidated basis stood at Rs 53,648 cr in Q3, down 3.01%
Tata Steel Q3 result: Net profit drops 43% to Rs 295 cr due to lower income
Tata Steel on Monday reported a 43.4 per cent decline in consolidated net profit to Rs 295.49 crore for the quarter ended on December 31, 2024, due to lower income. The company had posted a consolidated net profit of Rs 522.14 crore in the year-ago period. The consolidated income declined to Rs 53,869.33 crore in the October-December period from Rs 55,539.77 crore in the corresponding quarter of the previous fiscal, according to an exchange filing by Tata Steel. Total expenses of Tata Steel dropped to Rs 52,118.09 crore over 53,351.13 in the year-ago period. The steel major had earlier said that its India crude steel production grew by 6 per cent to 5.68 million tonnes (MT) in the third quarter of the current fiscal compared to 5.35 MT in the corresponding quarter of the previous fiscal. Deliveries in India reached 5.29 MT for the third quarter, up 8.4 per cent Y-o-Y, due to steady sales in the domestic market and strategic presence in exports. Tata Steel Netherlands reported liq
Q3 results Jan 27: Coal India, Tata Steel among 78 to post earnings today
Q3FY25 company results, January 27: Coal India, Bajaj Housing Finance, Canara Bank, and ACC will release their reports for the Oct-Dec 2024 quarter
Tata Steel to decommission India's first stamp charge coke oven battery
Tata Steel on Sunday issued an advisory about the decommissioning process of its coke oven battery #7 at its Jamshedpur works on January 27 to avoid misinterpretation of the flaring that will occur during the procedure for retiring the battery. India's first stamp charge coke oven battery, which remained operational for 36 years, produced over 12 million tonnes of coke and revolutionised the steel industry, the company said in a statement. The decommissioning process will involve isolating the battery from the by-product plant foul gas suction network. During the shutdown, raw gas from the ovens will be safely flared from oven top flares and ascension pipes as per standard operating procedures, the statement said. Flaring will commence at 9 am and continue for nearly 24 hours, the statement added. The steel major emphasised that this was a planned and controlled activity, and the flaring observed during this time is entirely safe.
Tata Steel files curative petition in SC over tax on mineral land
Tata Steel has captive mines in Jharkhand and Odisha
MRF, L&T Finance, IOC, SAIL among 50 stocks from BSE500 to hit 52-week lows
In one month, the BSE 500 index has underperformed the market by falling 8.1 per cent, as compared to the 6.5 per cent decline in the BSE Sensex during the period
Sensex may test 76,300 this week; Nifty can fall another 8% from here on
The near term bias for Nifty is likely to remain negative as long as the index remains below 23,660 - 23,940 resistance zone, shows the technical chart.
