Tata Steel, Godrej Consumer Products among those ushering in change
The BSE Metal index was the top performer, up 1.4 per cent; Major metal and mining related shares gained 1-2 per cent each in intra-day trades on Friday.
Tata Steel on Tuesday said it will invest more than 65 million euros for hydrogen-based steel manufacturing in the Netherlands. Hydrogen has the potential to decarbonise steel manufacturing. Tata Steel has inked pacts with three firms -- McDermott, Danieli and Hatch -- for the further technical preparations for hydrogen-based steel manufacturing in the Dutch city of Ijmuiden. All three companies have their own specific proficiency that is needed together to assist Tata Steel in hydrogen-based steel manufacturing. "The cost for this first development step is in excess of 65 million euros and will result in an engineering package that forms the basis for a final permitting and project planning," the company said in a statement. The overall project is led by the Tata Steel internal project and sustainability team, with close support from the main delivery partners. McDermott is responsible for the construction input and support of the technical project management. Danieli will over
The funds will be used by TSML to meet capital expenditure requirements, a regulatory filing said.
TATA AIA Life Announces Record Annual Bonus of INR 861 crores for its policyholders
Technically, probability of metal stocks entering a negative trend remains negligible. A resilient bullish trend seems clearly visible in Tata Steel and Vedanta.
The TATA Steel PGTI Players Championship 2022 return to the city after 8 years with the likes of Khalin Joshi, Manu Gandas, Shamim Khan and defending champion K Prabagaran leading the list of entries.
Both the Netherlands and UK facilities have turned around but the transition to a green steel future may differ
Tata Group is planning to spend Rs 3,000 crore on R&D by FY26 and set to roll out the 'First in India' seating system for Vande Bharat Express trains from September 2022, a top official has said. The steel-to-salt conglomerate is also targeting to be among the top 5 technology firms in the steel industry globally by 2030. Tata Steel's Composites division bagged a Rs 145 crore bulk order for seating systems of the Vande Bharat express that includes the supply of complete seating systems for 22 train sets, with 16 coaches in each train set. "These are specially designed seats, which can rotate 180 degrees and have aircraft-style passenger amenities. This is first-in-India' kind of a supply, which will be executed over 12 months starting September 2022," Debashish Bhattacharjee, Vice President, Technology & New Materials Business, Tata Steel, told PTI. "Composites industry in India is dominated by institutional businesses and is largely dependent on infrastructure, industrial and
The company had fixed Friday, July 29, 2022 as the 'Record Date' for the purpose of determining the eligibility of shareholders for the purpose of sub-division /split from Rs 10 to Re 1.
Tata Steel will also work jointly with AUS to provide exclusive drone-based solutions, including mine analytics and geo-technical mapping, to Tata Steel group companies
The opening day of the biggest telecom auction in the country ended with top telecom firms buying spectrum worth more than Rs 1.45 trillion across frequency bands including 5G
'The UK business has come a long way. Today, it is Ebitda positive and cash positive'
CLOSING BELL: Equity markets settled near the low point of the day as investors chose to stay on the sidelines ahead of the US Federal Reserve's monetary policy outcome on Wednesday
All metal stocks have "Death Cross", and if the current rally shows sustainability, the pullback rally would see added interest, indicate charts.
Stocks to watch today: Asian Paints, Bajaj Auto will report their June quarter results (Q1FY23) on Tuesday, July 26; Lupin received approval from USFDA to market medication for high blood pressure.
For Europe, it was the highest ever quarterly EBITDA. Revenue per tonne increased by £154 QoQ to £1,248 per tonne due to long-term contracts and product mix
Tata Steel on Monday posted a 21 per cent fall in its consolidated net profit to Rs 7,714 crore for the April-June quarter due to higher expenses. The company had reported a net profit of Rs 9,768 crore in the same period of 2021-22, the steel giant said in regulatory filing. Total income of the company was at Rs 63,698.15 crore in April-June this year against Rs 53,627.66 crore in April-June of the preceding fiscal. Its expenses including the cost of materials consumed and the finance cost, increased to Rs 51,912.17 crore from Rs 41,490.85 crore in the year-ago quarter. Tata Steel is among the country's top four steel producers and contributes around 18 per to the total domestic steel production.
CLOSING BELL: Among sectors, the Nifty Auto fell 1.7 per cent, while the Nifty Metal added 1.5 per cent
Stocks to watch today: Axis Bank, Tata Steel will report their June quarter 2022 results (Q1FY23) on Monday, July 25; Infosys delivered net profit for Q1 below street expectations at Rs 5,360 crore.