Tata Steel has released its financial report for the quarter ending June 30, 2023, showing a consolidated EBITDA of Rs 6,122 crores. The firm’s consolidated revenues for the quarter stood at Rs 59,490 crores, with an EBITDA margin of 10%. The net profit after tax was reported at Rs 525 crores, impacted by a non-cash […]
Tata Steel said that it produced five million tons of crude steel in 3QFY23 in India, which is a 4% increase compared to 4.81 million tons produced in 3QFY22. In the previous reported quarter, that is 2QFY23, Tata Steel’s domestic crude steel production was 4.8 million tons. The Indian steelmaking company said that its domestic […]
Tata Steel Long Products (TSLP) said that it has restarted the blast furnace at the Kalinganagar iron and steel plant of its subsidiary Neelachal Ispat Nigam Ltd (NINL). According to the Tata Group company, the milestone comes 90 days after the completion of acquiring a 93.71% stake in Neelachal Ispat Nigam Limited for INR 12,100 […]
Tata Steel Limited and Tata Steel Long Products Limited have signed a share sale and purchase agreement for acquiring a stake of 93.71% in Neelachal Ispat Nigam Limited (NINL) for INR 12,100 crores. Tata Steel and Tata Steel Long Products signed the agreement with MMTC, NMDC, MECON, Bharat Heavy Electricals Ltd (BHEL), Industrial Promotion and […]
Tata Steel said that its subsidiary Tata Steel Long Products has prevailed in a bidding process to acquire a stake of 93.71% in Neelachal Ispat Nigam Limited (NINL) for INR 12,100 crores. The auction process is being carried out by the Indian government’s Department of Disinvestment & Public Asset Management (DIPAM). Neelachal Ispat Nigam has […]