Page 13 - Tata Steel

Losing sheen! Don't lap up metal stocks yet, hint tech charts; here's why

The overall trend for metal stocks seems to be precarious, and a further downside cannot be ruled out

Tata Steel stock tanks 9.5% as equity markets reel amid global selloff

The Sensex plunged 525 points while the Nifty finished below the 17,400-mark on Monday, reflecting the sombre mood in global markets ahead of a flurry of central bank meetings which are expected to provide cues on the imminent tapering of massive stimulus measures. A sharp drop in the rupee added to the woes, traders said, adding that worries over the fate of Chinese real estate major Evergrande and its impact on the world's second largest economy pulled down global commodity prices. Sliding for the second consecutive session, the 30-share BSE Sensex ended 524.96 points or 0.89 per cent lower at 58,490.93. The broader NSE Nifty tumbled 188.25 points or 1.07 per cent to close close at 17,396.90. Tata Steel was the top loser on the Sensex chart, crashing 9.53 per cent, followed by SBI, IndusInd Bank, HDFC, Dr Reddy's, M&M and UltraTech Cement. The HDFC twins and Tata Steel accounted for over half of the benchmark's losses. In contrast, HUL, Bajaj Finserv, ITC, HCL Tech, Nestle ...

Tata Steel, JSW Steel subsidiaries ramp up capacity in tinplate

JSW Coated and JSW Vallabh Tinplate, the wholly owned subsidiaries of JSW Steel, are increasing capacity from 350,000 tonnes to 620,000 tonnes

Tata says Dutch state support needed in drive for 'green' steel

Economy minister Stef Blok in a statement said he would investigate extent to which national or international subsidies would be available, without breaking European rules for state support.

Sensex ends at record high, up 476 pts; Voda Idea gains 3% on govt relief

Both Sensex and Nifty hit fresh record highs in intra-day deals on Wednesday

Moody's upgrades Tata Steel to Ba1 from Ba2; stable outlook

The stable outlook underscores Moody's view that Tata Steel will continue to strengthen its balance sheet, liquidity profile and financial policies to enhance its credit quality further

Tata Steel commissions 5-tonne-per-day carbon capture plant at Jamshedpur

Is country's first steelmaker to adopt such a technology that extracts CO2 directly from blast furnace gas; will reuse captured CO2 on-site to promote circular carbon economy

Tata Steel, JSW Steel betting big on tinplate

Tinplate, a packaging medium, is one of the highest value adding downstream products in the flat steel segment.

SSWL inks pact with Tata Steel Long Products to supply round bars

Auto components maker Steel Strips Wheels Limited has signed a pact with Tata Steel Long Products to supply round bars of various grades

Tata Steel to invest Rs 8K cr in capex on India ops in FY22: CEO Narendran

Domestic steel giant Tata Steel will invest Rs 8,000 crore in capital expenditure on its India operations during the current financial year, the company's CEO and Managing Director T V Narendran said

Tata Steel to invest Rs 3,000 cr in Jharkhand in next 3 yrs to inc capacity

Domestic steel giant Tata Steel on Saturday expressed commitment to invest Rs 3,000 crore in Jharkhand in the next three years to augment capacities. The commitment was made at the launch of Jharkhand Industrial and Investment Promotion Policy (JIIPP) 2021 here, launched by Chief Minister Hemant Soren. The Jharkhand government aims to facilitate investment to the tune of Rs 1 lakh crore in the state and generate 5 lakh jobs through two days investors meeting that concluded on Saturday here. "Tata Steel plans to invest Rs 3,000 crore in the next three years in Jharkhand with expansion of capacities of coal and iron ore mines and downstream value added steel portfolio," Chanakya Choudhary, Vice President - Corporate Services, Tata Steel, told PTI. Choudhary said Tata Steel was in Jharkhand for the past 114 years and it was home to the steel company. Soren said: "You all are part of Jharkhand family. And we want our family to grow further so that the rich identity of the state comes

Auditor flags Tata Steel Europe's ability to carry on as going concern

The operational revenue of Tata Sons fell by 62% to Rs 9,460.24 crore in FY21 as against Rs 24,770.46 crore reported in the previous year

Stocks to watch: Canara Bank, Wipro, Tata Steel, Adani Ports, ICICI Bank

CARE Ratings has revised its outlook on Dollar Industries' long-term facilities from Stable to Positive

Our focus on balance sheet management is a core philosophy: Tata Steel CFO

In a Q&A, Koushik Chatterjee, who is also exec director at Tata Steel, says the firm has prepaid Rs 5,800 cr of principal debt in Q1 and is aiming to repeat deleveraging levels of FY21 this year

Tata Steel, Mitsui OSK Lines sign MoU to develop eco-friendly shipping line

The move by the country's oldest steel producer reflects its larger sustainability goal and effort to reduce greenhouse gas emissions in supply chain

Nifty Metal index slips 6%; Tata Steel, Vedanta, JSPL, NMDC fall up to 8%

Metal markets were roiled in selloff on concerns over Chinese steel production, global growth risks and the prospect of reduced US stimulus

Tata Steel announces Rs 270.28 crore annual bonus for 2020-21

Private steel major Tata Steel will pay a total of Rs 270.28 crore as annual bonus for the accounting year 2020-2021 to its eligible employees of all applicable division /units of the company, a release said. A Memorandum of Settlement was signed on Wednesday between Tata Steel and the Tata Workers' Union, for payment of annual bonus for the accounting year 2020-2021, the release issued by the company said. The total payout for eligible employees of all applicable divisions/ units of the company will be Rs 270.28 crore. Out of this, various divisions at Jamshedpur including Tubes, an amount of Rs 158.31 crore will be given. The minimum and maximum annual bonus payable will be Rs 34,920 and Rs 3,59,029 respectively. T V Narendran, CEO & MD, Atrayee Sanyal, Vice President (HRM) and other senior executives signed on management's behalf while Sanjeev Kumar Choudhary, president, Tata Workers Union, Shailesh Kumar Singh, deputy president, Tata Workers' Union, Satish Kumar Singh, general

Amid commodity boom, equity funds increase allocation for metals in July

Top ten metal stocks bought by the equity funds in July included Tata Steel and Hindalco Industries

Maximl eyes global expansion to 20 countries, plans to raise over $10 mn

Firm says it is India's first connected worker platform for deskless workers, has expanded the past two years; clientele includes Tata Steel, RIL, BPCL and HPCL

Tata Steel interested in acquiring Vizag-based RINL: CEO T V Narendran

Domestic steel giant Tata Steel is interested in acquiring state-owned Rashtriya Ispat Nigam Limited (RINL), the company's Chief Executive Officer (CEO) and Managing Director T V Narendran said.