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 […]
Tata Steel has announced robust earnings for the quarter ended June 30, 2024, amidst a challenging global steel market. The company reported consolidated revenues of ₹54,771 crores and an EBITDA of ₹6,822 crores for the first quarter of FY25, reflecting an EBITDA margin of approximately 12.5%. This financial performance underscores Tata Steel’s resilience despite subdued […]
Tata Steel, one of the leaders in the global steel industry, has reported a consolidated EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of Rs 4,315 crores for the quarter ending September 30, 2023. This forms part of the half-yearly financial results where the company recorded revenues of Rs 1,15,172 crores and an EBITDA of […]
Tata Steel disclosed a Consolidated EBITDA of Rs 6,122 crores for the quarter ending June 30, 2023 (1QFY24). Despite global economic turbulence, the steel manufacturing giant reported Consolidated Revenues standing at Rs 59,490 crores with a 10% EBITDA margin. The company also reported a Consolidated Profit after Tax of Rs 525 crores. The profitability was […]
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 has opened a Centre for Innovation in Mobility (CIM) in Indian Institute of Technology (IIT) Madras Research Park in Chennai with an aim to play an important role in India’s mobility sector. The Centre for Innovation in Mobility will work closely with academic institutes and mobility industry for developing application […]
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 announced plans to set up a steel scrap based electric arc furnace steel plant (EAF-based steel plant) in Ludhiana, Punjab with a capacity of 0.75 million tonnes per annum. In this connection, the Indian steel manufacturing company has signed a memorandum of understanding (MoU) with the Punjab government in the presence of the […]
Tata Steel 1Q FY23 results : Tata Steel Limited has reported a profit after tax (PAT) of INR 7,714 crores for the first quarter of the fiscal year 2023 (1Q FY23), a 21% decrease compared to INR 9,768 crores in the same period of the previous fiscal year. In the previous quarter, that is 4Q […]
Tata Steel Limited has reported a profit after tax (PAT) of INR 9,598 crores for the third quarter of the fiscal year 2022 (Q3 FY22), a 139.3% increase compared to INR 4,011 crores in the same period of the previous fiscal year. In the previous quarter, that is Q2 FY22, the Indian steelmaker had a […]