Page 3 - Tata Steel Uk

Tata Steel Q2 net profit down 87.3% to Rs 1,514 cr over decline in margins

Revenues from operations at Rs 59,877.52 crore was marginally down from Rs 60,387.13 crore in the year-ago period

Tata Steel to take a call on UK business after government's response: CEO

Tata Steel's future course of action with respect to its UK business will be based on the British government's response to the company's proposal seeking financial support to sustain the business there, CEO T V Narendran said Monday. 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 is seeking 1.5 billion pounds from the UK government to execute its decarbonisation plans. On a conference call, Narendran said, "Obviously plans are being made in case we don't get the support that we seek form the (UK) government, but it's too early to talk about (it), but again a lot of conversations are going on internally to how we plan for all situations." He made the remarks in reply to a question on the company's plan in case the UK government does not accept the Tata Steel's proposal. Tata Steel is seeking support from the UK government in two forms. In policy terms by encouraging the .

Tata Steel says actively engaged with UK govt for financial support for biz

Homegrown steel major Tata Steel is actively engaged with the UK government for financial support for its business there, a company spokesperson said on Friday, amid reports of the Tatas looking to divest their steel business in the UK. "Tata Steel is seeking support from the UK government in two forms. In policy terms by encouraging the transition to green steel and ensuring a cost competitive landscape, and partnership in financing of the project given the size of investment and the financially constrained position of our UK business," the spokesperson told PTI. The company at present is in active and detailed discussions with the UK government with relation to the future of the business. Currently, it is not in discussions with any potential buyers for the UK business, the spokesperson added. 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 is seeking 1.5 billion pounds

Tatas mull exit from UK steel business on lack of government support

Tata Sons is considering Tata Steel's exit from its UK operations because of the absence of support from the British government for transition to green energy

Tata Steel Europe: A tale of 2 plants and their transition to green future

Both the Netherlands and UK facilities have turned around but the transition to a green steel future may differ

We invested, supported our UK biz for a long time: Tata Steel's Narendran

'The UK business has come a long way. Today, it is Ebitda positive and cash positive'

Next British PM to decide fate of Tata Steel UK's demand for subsidy

Tata Steel seeks 1.5 bn pounds subsidy to keep operations afloat

We'll stay the course in our strong expansion of Tata Steel: Chandrasekaran

Tells investors at AGM that Indian steel industry is globally competitive and companies should be able to expand capacity in value-added products for both, Make in India and Make for The World

Tata Steel plans low CO2 steel-making technologies in UK, Netherlands

Tata Steel is working on a plan for transition to low carbon technologies for making steel in the UK and the Netherlands. In October 2021, Tata Steel completed the process of separating Tata Steel UK and Tata Steel Netherlands as two independent companies from Tata Steel Europe. Both, Tata Steel UK and Tata Steel Netherlands have been developing detailed plans for transition to low CO2 technologies in line with the company's goal to produce CO2-neutral steel by 2050 in Europe, company's CEO & MD T V Narendran and Executive Director & CFO Koushik Chatterjee said. "In Tata Steel Netherlands, we plan to gradually phase out our blast furnaces and coal over the next 10 years by replacing them with a combination of Direct Reduced Iron (DRI) technology based on hydrogen, and electric furnaces," the executives said in the company's annual report for 2021-22. In the Netherlands, the company has a capacity of 7 MTPA. According to the company, Tata Steel UK also produces steel through ..

Tata Steel UK using bacteria-technology to recycle its emissions

Tata Steel's blast furnaces in the UK are using billions of microscopic bacteria to convert its emissions into stock materials for other industries to make recycled products

New kiln investment adds efficiency to supply chain, says Tata Steel UK

A new GBP 4 million investment at a major facility in north-west England will allow for more efficient and sustainable supply of critical steelmaking material to the Port Talbot steelworks in Wales

Tata Steel UK plant helps build world's largest offshore wind farm

Tata Steel said hundreds of tonnes of its products, able to endure the harsh North Sea conditions, will be used for the giant wind farm project located 130 km off the north-east coast of England

Tata Steel Europe will see one of best years of EBITDA: Koushik Chatterjee

The floods in South India had an impact on construction activity, as have pollution curbs in the National Capital Region, said Chatterjee

Tata Steel to keep Europe, SE Asia operations in the 'family' for now

Even at low steel prices, we will be the last man standing, says Tata Steel MD & CEO

High industry spread structural trend rather than cyclical: Tata Steel CFO

Koushik Chatterjee, executive director and chief financial officer, Tata Steel, tells Ishita Ayan Dutt that balance sheet strengthening continues to be an enterprise strategy

Tata Steel back with a bang in March quarter; shows Rs 6,644-crore PAT

Third private sector company to report quarterly revenue of Rs 50,000 crore

Tata Steel tests coking coal samples from Russia for producing steel: CEO

Coking coal is a key raw material used for making steel using the blast furnace route, besides iron ore

Due diligence for Tata Steel Netherlands biz to complete by December end

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

Tata Steel to split European activities, in talks with SSAB for Dutch sale

SSAB earlier on Friday confirmed it is in discussions with Tata Steel Group

How Tata Steel's Europe ordeal has encouraged it to re-focus on India ops

In the first quarter of FY21, Tata Steel Europe's EBITDA loss was at Rs 626 crore, owing to a weak European market