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Tata Steel Ltd (TISC.NS)

TISC.NS on National Stock Exchange of India

484.70INR
25 May 2017
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Latest Key Developments (Source: Significant Developments)

UK pensions regulator says Tata Steel pension deal yet to be finalised
Tuesday, 16 May 2017 10:33am EDT 

May 16 (Reuters) - Pensions Regulator Says "Still Important Details To Be Finalised" Before In Position To Approve Tata Steel pensions deal:.  Full Article

Tata Steel exec sees European steel demand to grow at 1.3 pct in FY18
Tuesday, 16 May 2017 09:30am EDT 

May 16 (Reuters) - Tata Steel Ltd :Exec says European steel demand to grow at 1.3 percent in FY18.Exec says co will come to decision shortly on the pension scheme.Exec says capex for FY18 will be around 70 billion rupees⁠⁠⁠⁠.Exec says Port Talbot is making operational profits but needs to be sustainable.  Full Article

India's Tata Steel March-qtr consol loss narrows
Tuesday, 16 May 2017 08:39am EDT 

May 16 (Reuters) - Tata Steel Ltd :March quarter consol net loss 11.68 billion rupees.Consensus forecast for march quarter consol net profit was 9.07 billion rupees.March quarter consol total income 354.57 billion rupees.Consol net loss in march quarter last year was 30.42 billion rupees as per Ind-AS; consol total income was INR 271.95 billion.Says exceptional items, including non cash pension curtailment charges, aggregating to INR 40.69 billion in Q4FY17.Accounting for exceptional items in consol financial statements includes accounting treatment from closure of defined benefit section of BSPS to future accruals in mar 2017.Kalinganagar facility is well positioned to serve the expected increase in demand in FY'18 and beyond.Recommended dividend of 10 rupees per share.  Full Article

Fitch says government support lowers profitability risks for Indian steel
Monday, 15 May 2017 08:01pm EDT 

May 15 (Reuters) - :Fitch: Government support lowers profitability risks for Indian steel.Fitch on Indian Steel - A key risk for credit profiles of steel producers is next wave of aggressive capacity addition.  Full Article

Thyssenkrupp doesn't see UK vote hindering steel merger talks
Friday, 12 May 2017 03:27am EDT 

May 12 (Reuters) - Thyssenkrupp :CFO says full-year net loss will be narrower than first-half net loss.CFO says doesn't expect UK general election to have major impact on Tata Steel <<>> merger talks.CFO says steel job cuts will not be as high as 4,000 feared by unions.  Full Article

Tata Steel completes sale of Speciality Steel UK Ltd to Liberty House Group
Tuesday, 2 May 2017 05:10am EDT 

May 2 (Reuters) - Tata Steel Ltd :Says sale of Speciality Steel UK Limited.Says Speciality Steel UK Limited divested entire equity stake to Liberty House Group.Says consideration of sale GBP 100 million.Says sale covers several South Yorkshire based assets.UK unit also in talks with British Steel Pension Scheme Trustees, pension regulator to develop structural solution for pension scheme in coming months.Tata Steel's strip products business will continue to employ about 8,500 people in UK.New investments to improve manufacture capability will enable production of premium steels in Shotton, Llanwern.  Full Article

Tata Steel to issue debt securities of up to 9,000 crore rupees
Thursday, 20 Apr 2017 12:59pm EDT 

April 20 (Reuters) - Tata Steel Ltd ::based on review and pursuant to existing shareholders approval, board approved issue of debt securities of up to rs. 9,000 crore.funds will primarily be deployed towards re-financing existing debt, capex/working capital requirements and general corporate purposes.rs. 9,000 crore in form either of non-convertible debentures on private placement basis or foreign currency.board of directors also authorized finance committee of board to determine and approve timing and terms of such issue of securities.  Full Article

North Eastern Carrying Corp receives extension to contract from Tata Steel
Monday, 3 Apr 2017 02:15am EDT 

North Eastern Carrying Corporation Ltd : Says NECC receives extension to earlier contract from Tata Steel . Says revised gross contract value now stands at INR 4.50 billion .Says contract is towards carrying raw materials from Tata Steel's joda and sukinda mines.  Full Article

Tata Steel sells indirect unit Kalzip Guangzhou
Friday, 31 Mar 2017 02:38am EDT 

Tata Steel Ltd : Says sale of indirect subsidiary, Kalzip Guangzhou Limited . Says net consideration recieved from sale/disposal is EUR 5.2 million .Says buyer is Shanghai Qinheng International Trade Co Ltd.  Full Article

Tata Steel says co still in talks with Thyssenkrupp regarding merger of steel businesses
Monday, 6 Mar 2017 04:24am EST 

Tata Steel Ltd : Continues to be engaged and is in talks with Thyssenkrupp regarding potential merger of steel businesses .Says until definitive agreement is reached, no assurances that discussions will result in a transaction.  Full Article

More From Around the Web

Thyssen, Tata see 400-600 mln euros of potential savings - report

FRANKFURT, May 25 German industrial group Thyssenkrupp and India's Tata Steel expect a merger of their European steel businesses to yield annual savings of 400 to 600 million euros ($448-673 million), a German magazine reported on Thursday.