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Tata Steel Ltd (TISC.BO)

TISC.BO on Bombay Stock Exchange

30 Sep 2016
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Rs6.55 (+1.78%)
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Latest Key Developments (Source: Significant Developments)

Tata Steel exec says next fiscal year Tata Steel India will produce more than 12 mln tonnes in India
Monday, 12 Sep 2016 07:30am EDT 

Tata Steel Ltd : Exec says next fiscal year Tata Steel India will produce more than 12 million tonnes in India . Exec says there are no short term crisis to the pension scheme in the UK . Exec says co's export target is between half a million tonnes to a million tonnes for next year . Further company coverage [TISC.NS] ((Bangalore.newsroom@thomsonreuters.com)).  Full Article

Tata Steel June-qtr consol loss widens
Monday, 12 Sep 2016 06:49am EDT 

Tata Steel Ltd : Says June-quarter consol net loss 31.83 billion rupees . Says June-quarter consol total income from operations 264.06 billion rupees .Consensus forecast for June-quarter consol net profit was 1.88 billion rupees.  Full Article

Tata Steel says margins in South East Asia will remain under pressure
Monday, 12 Sep 2016 06:18am EDT 

Tata Steel Ltd : Co continues to invest in star program in Netherlands . Capex of 24.42 billion rupees incurred in Q1FY17 . Realisations in Q2FY16 in India expected to be affected by lower demand from large steel consuming sectors . Supply pressures from imports in Europe are expected to continue . In India, supply side pressures from domestic steel companies likely to cap realisations . Europe: weaker pound expected to improve UK's competitive position on exports but will add cost pressure . Steel demand in South East Asia is expected to be stable on the back of infrastructure building . Seasonal headwinds and slowdown in large steel consuming sector affected steel demand in quarter . Margins in South East Asia will remain under pressure . EU economy expected to continue to grow gradually through UK's stronger growth may slow down following referendum result .  Full Article

Tata Steel says co still open to sell Port Talbot facility
Friday, 12 Aug 2016 08:26am EDT 

Tata Steel Ltd : Exec says still open to sell Port Talbot facility . Exec says progressing well with talks on selling specialty business . Further company coverage [TISC.NS] ((Bangalore.newsroom@thomsonreuters.com)).  Full Article

Tata Steel says Canada govt awards C$175 mln to co for Schefferville project
Tuesday, 26 Jul 2016 11:08pm EDT 

Tata Steel Ltd : Government of Canada awarded C$175 million to Tata Steel minerals Canada for Schefferville of direct shipping iron ore project . Financial contribution includes equity stake of $125 million via capital mining hydrocarbons fund;$50 million loan from Investissement Québec .  Full Article

British Steel names Roland Junck executive chairman
Wednesday, 20 Jul 2016 05:11am EDT 

British Steel: Announces appointment of steel industry veteran Roland Junck as company's new executive chairman . Search for a permanent CEO is ongoing and once completed, Roland Junck will continue as non-executive chairman of British Steel.  Full Article

TATA Steel seeks members' nod for issue of NCDs of up to 100 bln rupees
Monday, 18 Jul 2016 06:59am EDT 

Tata Steel Ltd : Seeks members' nod for issue of non-convertible debentures not exceeding 100 billion rupees .  Full Article

Tata Steel announces developments regarding European business strategy
Friday, 8 Jul 2016 01:18pm EDT 

: Tata Steel says will now begin process for potential sale of South Yorkshire based speciality steels business and the hartlepool pipe mills in the UK . Tata Steel to explore feasability of strategic collaborations through potential joint venture . Based speciality steels business and the Hartlepool pipe mills in the UK . Tata Steel says entered into discussions with strategic players in the steel industry including Thyssenkrupp AG . Tata Steel says received interest from several bidders for speciality steels and pipe mills in each case, formal process will be commencing shortly (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780).  Full Article

Tata steel has cancelled the sale of its biggest UK Steel assets- Sky News
Friday, 8 Jul 2016 01:05pm EDT 

Tata Steel Has Cancelled The Sale Of Its Biggest Uk Steel Assets : Sky citing sources .Sky news citing sources.  Full Article

Tata Steel India Q1 FY17 provisional saleable steel production up about 6 pct
Monday, 4 Jul 2016 02:51am EDT 

Tata Steel Ltd : Q1 provisional saleable steel production of 2.4 million tonnes versus 2.2 million tonnes last year .  Full Article


British Steel back in profit after spin-off from Tata

SCUNTHORPE, England British Steel has returned to profit in its first 100 days of trading after being spun off as a loss-making division in April by India's Tata Steel after it decided to exit the troubled British steel sector.