Tells investors at AGM that Indian steel industry is globally competitive and companies should be able to expand capacity in value-added products for both, Make in India and Make for The World
The ramping up of the operations of Neelachal Ispat Nigam Ltd (NINL) would be subject to obtaining statutory clearances.
CLOSING BELL: M&M, Tech M, Dr Reddy's Labs, Reliance Industries, HCL Tech, and Tata Steel were the top gainers on the 30-pack index
Stocks to watch today: Bajaj Auto approved buyback of shares worth up to Rs 2,500 crore; Moody's upgraded Tata Steel's outlook to 'positive' from 'stable'
Action reflects company's track record of delivering a solid operating show while maintaining conservative financial policies; firm is poised to reduce its debt by at least $1 billion in FY23
Lenders, shareholders meeting to demerge steel company on Tuesday
Tata Steel is working on a plan for transition to low carbon technologies for making steel in the UK and the Netherlands. In October 2021, Tata Steel completed the process of separating Tata Steel UK and Tata Steel Netherlands as two independent companies from Tata Steel Europe. Both, Tata Steel UK and Tata Steel Netherlands have been developing detailed plans for transition to low CO2 technologies in line with the company's goal to produce CO2-neutral steel by 2050 in Europe, company's CEO & MD T V Narendran and Executive Director & CFO Koushik Chatterjee said. "In Tata Steel Netherlands, we plan to gradually phase out our blast furnaces and coal over the next 10 years by replacing them with a combination of Direct Reduced Iron (DRI) technology based on hydrogen, and electric furnaces," the executives said in the company's annual report for 2021-22. In the Netherlands, the company has a capacity of 7 MTPA. According to the company, Tata Steel UK also produces steel through ..
Stocks to Watch today: The US FDA has issued Glenmark Pharma form 483 with 6 observations for its Baddi Unit, which was inspected between June 13-22, 2022.
The companies had sought to tackle over-capacity and other challenges in the steel industry via the joint venture but the European Commission said the deal could result in price hikes.
Tata Steel has not made any purchase of PCI coal from Russia post its April announcement of severing business ties with Russia amid the ongoing conflict with Ukraine, a company spokesperson said
Among other Tata Group stocks, Tata Steel, Tata Power and Titan look weak on the charts, and are likely to see more downside.
Tata Steel bought 75,000 tonnes of Russian coal in May; company pledged to cut business ties with Russia in April; Tata Steel says coal import deal struck before April decision
Global growth is projected to slowdown from an estimated 6.1% in 2021 to 3.6% in 2022. Given this, Tata Steel, Hindalco Industries, and Vedanta have shed up to 35 per cent in the past one month
An economic slowdown or other factors may affect the economic health of the US, UK, the European Union, Australia or those industries where IT revenues are concentrated.
Tata Steel, Tata Power Company, Tata Exlsi, Tata Chemicals and Tinplate Company of India traded at ex-dividend adjusted price on Wednesday.
Stocks to watch today: Bajaj Finance has raised fixed deposit rates by up to 20 basis points; Zydus Lifesciences will open its share buyback offer on June 23 and close on July 6.
BSL was admitted for insolvency proceedings on July 26, 2017
Tata Steel has unveiled a 7-million pound investment plan for its Hartlepool Tube Mill in north-east England that the Indian steel major says will cut carbon emissions, improve capacity and reduce cos
A total of 46 stocks from the Nifty500 index also hit their respective 52-week lows on the NSE today including Astral, Birla Corporation, CSB Bank, LIC Housing Finance, SpiceJet.
Welspun Corp Ltd (WCL) has partnered with Tata Steel to develop the "framework for and subsequently manufacturing" pipes for transportation of pure hydrogen and natural gas-blended hydrogen