Tata Steel, one of the leading global steel producers, reported consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) of ₹6,224 crores for the July to September 2024 quarter, with a half-yearly EBITDA of ₹13,046 crores. The company’s consolidated revenues for the quarter stood at ₹53,905 crores, marking a strong 25% year-on-year increase. Tata Steel […]
In a monumental shift towards sustainable steel production, Tata Steel has inked an agreement with Italian engineering giant Tenova to install an electric arc furnace (EAF) at its Port Talbot plant in Wales. This major investment, valued at GBP 1.25 billion, is a collaborative effort between Tata Steel and the UK government aimed at cutting […]
In a historic move that marks the end of an era, Tata Steel has shut down Blast Furnace 4 at its Port Talbot steel plant in the UK, the nation’s largest such facility. The closure also includes the ceasing of operations at several other iron and steelmaking assets. This marks the final chapter in decades […]
In a landmark move for the UK steel industry, Tata Steel has secured a substantial £500 million grant from the UK Government, marking a pivotal moment in the £1.25 billion transformation of its Port Talbot steelworks. This grant will support the rapid deployment of a cutting-edge Electric Arc Furnace (EAF), a key component in Tata […]
In a significant development within the UK’s steel industry, Tata Steel UK has announced the cessation of operations at its Morfa Coke Ovens in Port Talbot, effective from Wednesday, 20 March. This decision, as disclosed by CEO Rajesh Nair, stems from a prolonged period of operational instability and the deteriorating condition of the coke ovens, […]
Tata Steel unveils its ambitious transformation plan for its UK operations, marking a monumental shift from traditional blast furnace production to a more sustainable, green steelmaking process. This strategic move, supported by a £1.25 billion investment, aims to revitalize the steel industry in the UK, ensuring its sustainability and competitiveness on a global scale. A […]
The UK Government and Tata Steel have confirmed a joint investment package of £1.25 billion for sustainable steel production in Port Talbot. This includes a UK Government grant of up to £500 million, marking one of the largest government support packages ever. The investment is aimed at modernizing the facility, reducing carbon emissions, and preserving […]