Tata Steel Ltd News

Sensex plunges 1200pts, Nifty below 24200; Why stock markets crashed today?

Stock market crash: The Indian stock market crashed heavily on Friday, with the BSE's Sensex dropping 1,207 points or 1.48 per cent to its intraday low of 80,082

Steel shares trade firm; Jindal Steel, Tata Steel, SAIL rally up to 5%

At 10:59 AM, the BSE Metal index, the top gainer among sectoral indices, was up 1 per cent, as compared to the 0.09 per cent rise in the BSE Sensex

In good position to deleverage from next year: Tata Steel's Chatterjee

The steel industry is clearly in a down-cycle

Mining tax by states: Tata Steel to file curative petition in Supreme Court

On July 25, a nine-judge Constitution Bench of the Supreme Court ruled that states have the power to levy cess on mining and mineral-use activities. Tata Steel's petition seeks a remedy to this order

At current steel prices, margins don't justify investments: Tata Steel CEO

T V Narendran tells that in many ways second quarter of FY25 was the worst, but Q3 also comes with challenges

Tata Steel Q2 results: Net profit at Rs 833.45 crore due to lower expenses

T V Narendran, chief executive officer and managing director of Tata Steel, said the global operating environment remains complex, with key regions experiencing subdued growth

Tata Steel Q2 results: Net profit at Rs 759 cr, total income up marginally

Tata Steel on Wednesday reported a net profit of Rs 758.84 crore for the September 2024 quarter, helped by lower expenses. It had posted a net loss of Rs 6,511.16 crore in the July-September period of the preceding 2023-24 fiscal, the company said in an exchange filing. The company's total income rose to Rs 54,503.30 crore during the second quarter against Rs 55,910.16 crore in the same period a year ago. Tata Steel reduced its expenses to Rs 52,331.58 crore from Rs 55,853.35 crore in the year-ago quarter.

Q2 results today: Tata Steel, Apollo, JK Lakshmi among 97 to post earning

Q2 results today, November 6: Aadhar Housing Finance, Power Grid Corporation of India, and Jindal Steel & Power will be releasing their Q2FY25 results today

Tata Steel Q2 preview: Steel giant may post net loss of up to Rs 153 crore

Domestic brokerages anticipate a challenging quarter for Tata Steel marked by lower steel realisations and regional pricing pressures

Tata Steel, Tenova partner for electric arc furnace at Port Talbot plant

The plan was for the Tata Steel-owned site to be subject to a three to four-year-long decarbonisation plan to build an electric arc furnace which will make steel from scrap

Noel's appointment as Tata Trusts' chair signals continuity, BAU: Analysts

Noel is the half-brother of the late Ratan Tata, and was already a key trustee of the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust

Ratan Tata death: Tata Group stocks trade mixed; TaMo down 2%, TCS up 1%

Ratan Tata News: Tata Chemicals, Indian Hotels Company, Tejas Networks, Voltas, Tata Elxsi and Tata Consultancy Services (TCS) were up in the range of 1 per cent to 4 per cent

Metal index corrects for 4th day in a row; NMDC, Tata Steel slips up to 8%

The Nifty Metal index, the top loser among sectoral indices, was down 2 per cent, as compared to the 0.35 per cent rise in the Nifty 50, at 9:53 AM.

Tata Group stocks trade weak; Tata Power, Tata Chem, Tata Com down up to 6%

Thus far in CY24, Voltas (up 81%), Tata Investment Corporation (53%), Tejas Networks (31%), Tata Power (35%), Nelco (20%),Tata Steel (18%) and Tata Communications (13%) have outperformed the Sensex.

Germany's Thyssenkrupp loses fight against EU veto of Tata Steel JV

EU competition enforcer said the deal, which had aimed to tackle over-capacity and other challenges in the steel industry, could result in price hikes

Tata Steel ends 'legacy steelmaking' at Britain's largest steelworks

Tata Steel-owned Port Talbot plant in South Wales hit a significant milestone on Monday when its Blast Furnace 4 ceased operations after over 100 years, marking an end of "legacy" steelmaking as the UK's largest steelworks transitions towards greener steelmaking. Steelmaking at the site is now set to resume in 2027-2028 as part of a British government-backed investment programme of around GBP 1.25 billion in Electric Arc Furnace-based steelmaking, using UK-sourced scrap steel. The Mumbai-headquartered steel giant said it is looking ahead to a brighter, greener future for the historic site and sustaining more than 5,000 jobs. "I am deeply conscious how difficult today is for everyone associated with our business. Throughout this transition, we are doing everything possible to minimise the impact on all those who are affected by the changes we are making, Rajesh Nair, CEO of Tata Steel UK, said in a statement. Today marks a significant event in the history of iron and steelmaking in

Tata Steel commissions blast furnace, boosts Kalinganagar capacity

With the current expansion, Tata Steel's capacity across sites in Odisha is at 14.6 mt. In Jharkhand, Tata Steel's capacity is at 12 mt, of which Jamshedpur Works is at 11 mt

Tata Steel's Kalinganagar expansion to make Odisha top investment site

Tata Steel on Monday said Odisha would emerge as the company's single-largest investment destination after the phase-II expansion of its Kalinganagar plant from 3 million tonnes per annum to 8 mtpa. The steel major has invested Rs 27,000 in phase-II of the Kalinganagar plant expansion, and the company is on the verge of commissioning its expanded capacity at the unit, it said in a release. The ongoing expansion in Kalinganagar will play an important role in Tata Steel's ambition to achieve its target of 40 mtpa capacity in India by 2030, the company said. The phase-II expansion of Tata Steel's Kalinganagar plant in Jajpur district of Odisha... will also catapult the eastern state to an enviable position of becoming the single-largest investment destination for the country's oldest steel maker, the release said. Along with the Tata Steel Meramandali (formerly Bhushan Steel Ltd) plant in Dhenkanal district, the company's total investment in Odisha stands at over Rs 100,000 crore. Ev

UK govt can reclaim GBP 500 mn funding if Tata Steel fails on commitments

Tata Steel signed a GBP 500 million grant funding pact with the UK government to advance the installation of a low-carbon electric arc furnace at Port Talbot

Tata Steel signs GBP 500 mn grant funding pact with UK govt; stock up 3%

The upward move in Tata Steel shares came after the company signed a £500 million grant funding pact with the UK government for a £1.25 billion green steel project in Port Talbot. =