Company logs 20% higher sales in branded products and retail, 23% in industrial products and projects
Moody's Investors Service says that rising input costs and an inability to pass on higher costs to customers are pressuring the profitability of Asian steel producers
The S&P BSE Metal Index has also plunged about 30% so far this year
The steel sector has been facing demand worries with a slowdown in almost every user industry
The complaint to the General Court of the European Union - seen as a symbolic move - comes after the Commission in June vetoed plans to create Europe's second-biggest steelmaker
The company's capital expenditure for the year was Rs 12,000 crore and will now be around Rs 8,000 crore
In the past three months, the stock has underperformed the market by falling 30 per cent, as compared to a three per cent decline in the S&P BSE Sensex.
India operations hit on fall in realisations, weakness in auto sector
No approval from Hebei Government compels parties to scrap definitive agreements
Steel long products are used in infrastructure and construction segment, an area where the government is laying immense thrust to up investments
While Indian Oil Corporation has partnered clean energy firm Fortum India for EV charging stations, Hindustan Petroleum is setting up charging stations with Tata Power
See low demand situation at the end of the cycle
"The immediate plan is to own eight to nine rail rakes. This will be done in the next one year through Tata Martrade International Logistics (TMILL), our subsidiary," says Tata Steel CEO
Views on derivative call by Nandish Shah, Senior Technical & Derivative Analyst, HDFC securities.
The steel majors immediate plant is to build slurry pipelines, buy rail rakes through its joint venture arm Tata Martrade International Logistics
Tata Steel executive director and CFO Koushik Chatterjee said the company has set a target of reducing gross debt by $1 billion in FY20
For the most part since acquiring the Europe operation, Tata Steel's business in India has been funding the former
The Tata Sponge rights issue opened for subscription on Tuesday and will end on July 16. It has been priced at Rs 500 a share
Hans Fischer to retire as CEO. Leadership changes come after Tata Steel's plans of a joint venture with Thyssenkrupp collapsed.
Materials such as fibre-reinforced polymer, graphene and ceramics to make up 10% of the company's revenues by 2025