Page 21 - Tata Steel

Steelmakers' prospects receive a boost from improving China data

Encouraging economic data from China, rising demand and higher realisations improve earnings outlook

Swedish steelmaker SSAB looking at merger of Tata Steel Europe business

Steel producers in Europe are under pressure to consolidate, having been battered by weaker demand and global overcapacity

Tata Steel: Rising demand, steel prices and integrated ops bode well

During Q2, Tata Steel not only achieved its highest-ever domestic deliveries of 5.05 million tonnes (MT), volumes at its European operations too, rebounded to year-ago levels

Tata Steel BSL posts Rs 341.71 crore net profit for September quarter

Tata Steel BSL on Wednesday posted a consolidated net profit of Rs 341.71 crore for the quarter ended September 2020, helped by higher income

Tata Steel Long Products freezes at 20% upper circuit on robust Q2 results

The company reported a consolidated net profit at Rs 59 crore in Q2FY21, as against loss of Rs 197 crore in the year ago quarter

Steel companies lean on Indian market, post strong volume sales in Q2FY21

They have also been hiking prices almost every month, the latest being in October by Rs 1,500-2,000 a tonne, depending on the product category

Steel producers see retail strengthening despite spiking Covid-19 cases

While Covid-19 pandemic is setting a new normal for most industries across sectors, domestic primary steel producers too are adopting different ways to enhance focus

Zoning sale areas is the new strategy for Tata Steel amid Covid-19

Besides reaching out to customers in a faceless manner, Tata Steel helped customers get permission from local authorities

Tata Steel inks deal with Workers' Union to pay annual bonus to employees

The Tata Steel management and Tata Workers' Union on Monday signed a memorandum of settlement for the payment of annual bonus to the employees for the accounting year 2019-20

The problem of scale

There is room for consolidation in India, but we need to guard against concentration of power

Despite Covid-19, Tata Steel to pay Rs 235-cr bonus to employees for FY20

The memorandum was signed by Tata Steel CEO and Managing Director T V Narendran and TWU President R Ravi Prasad

Tata Steel output back at 100% led by rural demand, good monsoon: Narendran

The company is now less dependent on exports compared to the first quarter, he added

Firms raising 3-month money at much lower than RBI's overnight rates

Even as FCI is raising Rs 75,000 cr for three months at 4.69%, companies are regularly tapping bond market for the same tenure at as low as 3.2%, way lower than RBI's repo rate of 4%

Mining group writes to PMO for transparency in domestic steel pricing

Demands domestic steel price monitoring, regulation mechanism

NMDC board okays demerger of three-mn-tonne Chhattisgarh steel plant

The plant is the only greenfield project slated for commissioning in the near term. Sources said it would have been commissioned by now had it not been for Covid-19

NMDC approves demerging steel plant as Baghel protests 'privatisation'

Demerger of Nagarnar plant could create generate funds for the centre but the state's government is likely to read it as a step toward privatisation.

How Tata Steel's Europe ordeal has encouraged it to re-focus on India ops

In the first quarter of FY21, Tata Steel Europe's EBITDA loss was at Rs 626 crore, owing to a weak European market

Period leaves, business and productivity: What do companies think?

Zomato's announcement led to a social media storm that raised various questions. In this podcast we try to find what companies think

Tata Steel, JSPL: Morgan Stanley bullish on steel stocks; do you own any?

Supported by strong domestic demand in China, healthy exports, and rebound in domestic demand, global brokerage Morgan Stanley believes the steel industry's profitability cycle is turning faster

Stock calls by Angel Broking: Buy Vinati Organics, Sell Tata Steel

On Friday, NRB Bearing's stock finally witnessed a breakout from the congestion zone