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 has signed a memorandum of understanding (MoU) with Australia-based mining major BHP with an objective to jointly understand and explore lower carbon iron and steelmaking technology. The partnership is expected to see BHP and Tata Steel work together on ways to cut down the intensity of emissions of the blast furnace steel route. […]
Tata Steel Limited is investing INR 5 crores in its fully-owned subsidiary Tata Steel Downstream Products, which is involved in the business of processing finished hot-rolled (HR) and cold-rolled (CR) coils. In this connection, Tata Steel purchased 3,55,871 equity shares of INR 10 in Tata Steel Downstream Products at a premium of INR 130.5 per […]
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 group said that its tubes division has launched the Tata EzyFit brand of tubes for door and window frames to expand its branded products and retail solutions. According to the company, as steel is fully recyclable, the tubes offered under the Tata EzyFit brand are sustainable. Tata Steel claimed that the geometry of […]
Tata Steel Long Products said that it has accepted the letter of award (LoA) issued by the Indian government’s Department of Investment and Public Asset Management (DIPAM) pertaining to the acquisition of a 93.71% stake in Neelachal Ispat Nigam Limited (NINL). The consideration for the stake in Neelachal Ispat Nigam Limited is INR 12,100 crores. […]
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 […]
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 […]
Tata Steel Limited said that it has increased its stake from 26% to 51% in Medica TS Hospital Private Limited (MTSHPL), the holding company for a 100-bed multi-specialty hospital in Kalinganagar, Odisha, in a deal worth around INR 50 crores. Operating since 2014, Medica TS Hospital is a joint venture between Tata Steel and Medica […]
Tata Power and Tata Steel are joining forces to develop grid-connected solar projects with a combined capacity of 41MW in the Indian states of Jharkhand and Odisha. The two Tata Group companies have inked a power purchase agreement (PPA) for a duration of 25 years for the said capacity. Dr Praveer Sinha — CEO and […]