Edition:
United States

Tata Steel Ltd (TISC.BO)

TISC.BO on Bombay Stock Exchange

483.50INR
24 May 2019
Change (% chg)

Rs17.60 (+3.78%)
Prev Close
Rs465.90
Open
Rs465.90
Day's High
Rs486.00
Day's Low
Rs458.70
Volume
645,052
Avg. Vol
585,821
52-wk High
Rs646.70
52-wk Low
Rs442.10

Latest Key Developments (Source: Significant Developments)

British Steel Seeks New 75 Million Stg Taxpayer Loan To Avert Collapse - Sky News
Tuesday, 14 May 2019 07:57am EDT 

May 14 (Reuters) - :BRITISH STEEL SEEKS NEW 75 MILLION STG TAXPAYER LOAN TO AVERT COLLAPSE - SKY NEWS.  Full Article

Thyssenkrupp CEO: No Break Fees As A Result Of Failed JV With Tata Steel
Friday, 10 May 2019 09:17am EDT 

May 10 (Reuters) - Thyssenkrupp ::CEO SAYS WE WILL BEGIN SPLITTING OFF ELEVATORS UNIT ON MONDAY.SAYS WE WANT TO BE READY FOR IPO IN NEW FISCAL YEAR.CEO SAYS THERE IS NO BREAK FEES AS A RESULT OF THE FAILED STEEL JV WITH TATA STEEL.  Full Article

Thyssen Works Council Demands Strategy For Steel Business
Friday, 10 May 2019 07:31am EDT 

May 10 (Reuters) - Thyssenkrupp works council statement::WE WILL OPPOSE CATEGORICALLY AND DETERMINEDLY TO DISCUSSIONS ON RESTRUCTURING AND JOB CUTS IF IT DOES NOT INCLUDE STRATEGY FOR FUTURE OF STEEL BUSINESS.  Full Article

Tata Steel Says European Commission Unlikely To Clear Tata-Thyssenkrupp JV
Friday, 10 May 2019 07:05am EDT 

May 10 (Reuters) - Tata Steel Ltd ::SAYS FEEDBACK FROM EUROPEAN COMMISSION ON PROPOSED STEEL JOINT VENTURE BETWEEN THYSSENKRUPP AND TATA STEEL IN EUROPE.COMMISSION NOT INTENDING TO CLEAR PROPOSED JV AS IT EXPECTS SUBSTANTIAL REMEDIES IN FORM OF SALE OF ASSETS OF THE PROPOSED VENTURE.SAYS EUROPEAN COMMISSION EXPECTS SUBSTANTIAL REMEDIES IN THE FORM OF SALE OF ASSETS OF THE PROPOSED VENTURE.FEEDBACK FROM COMMISSION BASED ON MARKET TEST IT HAS UNDERTAKEN SUGGESTS THAT IT IS UNLIKELY TO CLEAR PROPOSAL.  Full Article

Tata Steel Divests Partial Stake In Al Rimal Mining LLC, Oman
Thursday, 9 May 2019 05:32am EDT 

May 9 (Reuters) - Tata Steel Ltd ::ANNUOUNCES DIVESTMENT OF PARTIAL STAKE IN AL RIMAL MINING LLC, OMAN, AN INDIRECT UNIT OF CO.TATA STEEL - CO STAKE IN AL RIMAL MINING LLC WILL REDUCE FROM 70 PERCENT TO 51 PERCENT.CONSIDERATION RECEIVED FROM DIVESTMENT TO BE 35 MILLION RUPEES.  Full Article

Thyssen - Still Confident To Get EU's Nod on Tata Deal
Friday, 26 Apr 2019 04:34am EDT 

April 26 (Reuters) - thyssenkrupp AG ::WE HAVE AGREED WITH EU COMMISSION EXTENSION OF DEADLINE FOR REVIEW OF JV WITH TATA STEEL.STILL CONFIDENT TO GET EU APPROVAL FOR STEEL JV WITH TATA STEEL.  Full Article

Tata Steel Europe Says No Serious Injuries In Port Talbot Site - Tweet
Friday, 26 Apr 2019 12:35am EDT 

April 26 (Reuters) - Tata Steel Ltd ::TATA STEEL EUROPE SAYS THERE ARE NO SERIOUS INJURIES IN PORT TALBOT SITE, ALL EMPLOYEES ACCOUNTED FOR - TWEET.TATA STEEL EUROPE SAYS FIRE AT PORT TALBOT SITE NOW UNDER CONTROL - TWEET.  Full Article

India's Tata Steel March Qtr Consol Net Profit From Cont Ops Falls
Thursday, 25 Apr 2019 10:23am EDT 

April 25 (Reuters) - Tata Steel Ltd ::MARCH QUARTER CONSOL NET PROFIT FROM CONTINUING OPERATIONS 24.31 BILLION RUPEES VERSUS PROFIT OF 101.53 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR MARCH QUARTER CONSOL NET PROFIT WAS 21.30 BILLION RUPEES.MARCH QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 424.24 BILLION RUPEES VERSUS 337.05 BILLION RUPEES LAST YEAR.RECOMMENDED DIVIDEND OF 13 RUPEES PER SHARE.APPROVED A MERGER OF BAMNIPAL STEEL LIMITED AND TATA STEEL BSL LIMITED INTO THE COMPANY.CO AND THYSSENKRUPP AG WORKING TO SECURE REQUIRED REGULATORY APPROVALS FOR THE PROPOSED 50:50 JOINT VENTURE IN EUROPE.TATA STEEL KALINGANAGAR PHASE II EXPANSION PROJECT IS PROGRESSING WELL AND IS ON TRACK AS PER SCHEDULE TO COMPLETE IN FY22.EUROPEAN COMMISSION HAS ISSUED `STATEMENT OF OBJECTION' FOR WHICH BOTH PARTIES RECENTLY SUBMITTED PACKAGE OF PROPOSED REMEDIES."WILL CONTINUE TO TARGET A FURTHER REDUCTION IN THE GROSS DEBT BY ANOTHER ONE BILLION DOLLARS BY THE END OF FINANCIAL YEAR 2020".SOUTH-EAST ASIA OPERATING ENTITIES BEEN CLASSIFIED AS 'ASSETS HELD FOR SALE"; DIVESTMENT OF 70 PERCENT STAKE EXPECTED TO COMPLETE IN Q1FY20.  Full Article

Tata Steel Ltd Exec Says Remedy Package Under Discussion With thyssenkrupp For JV
Thursday, 25 Apr 2019 10:19am EDT 

April 25 (Reuters) - Tata Steel Ltd's CEO T V Narendran, CFO Koushik Chatterjee Says:REMEDY PACKAGE STILL UNDER DISCUSSION WITH THYSSENKRUPP FOR JOINT VENTURE.EXPECT 1.5 MILLION TONNES ADDITIONAL PRODUCTION IN FY2019/20.  Full Article

Tata Steel Says Regional Steel Prices Expected To Improve
Thursday, 25 Apr 2019 09:57am EDT 

April 25 (Reuters) - Tata Steel Ltd ::TATA STEEL SAYS REGIONAL STEEL PRICES ARE EXPECTED TO IMPROVE FURTHER DRIVEN BY EXPECTED DEMAND PICK-UP IN CHINA AND COST PUSH.TATA STEEL SAYS INDIA STEEL PRICES ARE EXPECTED TO PICK-UP GRADUALLY WITH BETTER DOMESTIC DEMAND AND IMPROVING PRICING SENTIMENTS IN REGIONAL MARKETS.TATA STEEL SAYS INTERNATIONAL IRON ORE PRICES EXPECTED TO REMAIN ELEVATED IN NEAR TERM.  Full Article

Tata Steel to explore all options for European unit after ThyssenKrupp JV falls apart

MUMBAI India's Tata Steel Ltd said on Friday it will explore all options for its European steel business after its proposed joint venture with German steel giant ThyssenKrupp AG failed to secure regulatory approval.