Western Carriers (India) Limited (Western Carriers) announced its unaudited financial results for the second quarter and first half of FY25, showing resilience in a challenging logistics market. The company, a leader in multi-modal, asset-light logistics solutions, reported steady growth in profits and margins, despite limited revenue expansion caused by subdued export markets. Western Carriers Financial […]
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 […]
Tata Steel has made a significant leap in India’s steel industry by commissioning the country’s largest blast furnace at its Kalinganagar facility in Odisha. With an investment of ₹27,000 crore, this project is set to ramp up the site’s crude steel capacity from 3 million tonnes per annum (MTPA) to a staggering 8 MTPA, solidifying […]
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 […]
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 Limited has announced its consolidated financial results for the financial year ended March 31, 2024, showcasing a solid performance with consolidated revenues reaching ₹2,29,171 crores. The EBITDA for the year stood impressively at ₹23,402 crores, driven largely by robust operations in India. The company reported an EBITDA margin of approximately 11% for the […]
Tata Steel Industrial Consulting Division (TSIC) and TEXMiN, the Mining Technology Innovation Hub at IIT (ISM) Dhanbad, have entered into a partnership to revolutionize the mining industry in India. This Memorandum of Understanding (MoU) underscores both entities’ commitment to advancing Mining 4.0, focusing on innovation, sustainability, and efficiency in natural resource management. A Vision for […]
In a notable disclosure, Tata Steel has reported its production and delivery volumes for the fourth quarter of the fiscal year 2024 (4QFY24) and for the fiscal year 2024 (FY2024) in its entirety. The figures, all expressed in million tons, shed light on the operations of Tata Steel across different regions, including India, the Netherlands, […]
Tata Steel, a leading global steel manufacturing company, has taken significant strides in its long-term strategy aimed at simplifying its business portfolio. The company announced its intent in September 2022 to amalgamate nine strategic businesses, aiming to streamline operations and enhance efficiency. As of now, Tata Steel has successfully completed the merger of five of […]
