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Tata Steel Ltd (TISC.BO)

TISC.BO on Bombay Stock Exchange

15 Dec 2017
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Rs9.10 (+1.33%)
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Latest Key Developments (Source: Significant Developments)

India's Tata Steel To Acquire 74 Pct Shares Of Bhubaneshwar Power Pvt
Friday, 1 Dec 2017 05:33am EST 


Thyssenkrupp has reached peak in restructuring costs -CFO
Thursday, 23 Nov 2017 09:00am EST 

Nov 23 (Reuters) - Thyssenkrupp :Cfo says have reached peak of restructuring costs in 2016/17, will have 200-300 million eur in restructuring costs in 2018.Cfo says marine systems profit contribution to industrial solutions division will be slightly positive going forward.Ceo says will not put at risk synergy target of 400-600 million eur in talks with unions over tata steel tisc.ns jv.  Full Article

Thyssenkrupp still expects to sign deal with Tata Steel in early 2018
Thursday, 23 Nov 2017 01:13am EST 

Nov 23 (Reuters) - Thyssenkrupp :Cfo says still aiming to sign contract with tata steel tisc.n for steel joint venture in early 2018.Says expects adjusted ebit of about 400 million eur in q1 -slides.  Full Article

Tata Steel appoints T. V. Narendran as CEO & MD
Tuesday, 31 Oct 2017 04:31am EDT 

Oct 31 (Reuters) - Tata Steel Ltd :Says ‍tata Steel elevates Mr. T. V. Narendran as CEO & managing director​.Says reappointed Koushik Chatterjee as CFO w.e.f nov 9‍​.  Full Article

India's Tata Steel posts Sept-qtr consol profit
Monday, 30 Oct 2017 09:04am EDT 

Oct 30 (Reuters) - Tata Steel Ltd ::Sept quarter consol net profit 10.18 billion rupees versus loss of 493.8 million rupees last year.Consensus forecast for Sept quarter consol net profit was 16.78 billion rupees.Sept quarter consol total revenue from operations 324.64 billion rupees versus 271.20 billion rupees last year.Sept quarter standalone net profit 12.94 billion rupees versus profit of 2.50 billion rupees last year.Says gross debt stood at 902.59 billion rupees at quarter end.Says "remain positive on the outlook of India"‍​.  Full Article

Tata Steel posts provisional Q2 FY 2018 India production of 3.02 mln tonnes
Thursday, 5 Oct 2017 07:23am EDT 

Oct 5 (Reuters) - Tata Steel Ltd :Says provisional Q2 India production of 3.02 million tonnes versus 2.72 million tonnes in Q2 2017.Says provisional Q2 fy 18 India sales at 3.13 million tonnes versus 2.62 million tonnes in Q2 FY 17‍​.Says provisional Q2 FY 2018 Europe production of 2.60 million tonnes versus 2.68 million tonnes in Q2 FY 2017.Says provisional Q2 FY 18 Europe sales at 2.60 million tonnes versus 2.26 million tonnes in Q2 FY 17.Says provisional Q2 FY 2018 South-East Asia production of 0.60 million tonnes versus 0.54 million tonnes in Q2 FY 2017.Says provisional Q2 FY 18 South-East Asia sales at 0.67 million tonnes versus 0.65 million tonnes in Q2 FY 17.  Full Article

Tata Steel says 2.5 bln euros of debt will move to new JV
Wednesday, 20 Sep 2017 05:40am EDT 

Sept 20 (Reuters) - Tata Steel chairman Natarajan Chandrasekaran and group executive director (Finance and Corporate) Koushik Chatterjee::Says Thyssenkrupp merger helps Tata Steel India to go for inorganic and organic expansions‍​.Says Tata Sons will work closely with Tata Steel India to capture all opportunities in India post merger.Says combined entity will have common procurement and logistics.Says combined entity will help in having higher utilisation of steel capacity than Tata Steel Europe's current.Says 2.5 billion euros of debt will move to new JV.Says JV zero date of operations likely to be March 2019.Says definitive agreements will be signed by March 2018.Says India operations will double capacity in 5 years.Says Thyssenkrupp will not bring any debt but will bring some of its pension liabilities to the JV.Says JV will not lead to job losses and closure of sites.  Full Article

ThyssenKrupp confident to reach deal with labour reps on Tata jv
Wednesday, 20 Sep 2017 04:39am EDT 

Sept 20 (Reuters) - ThyssenKrupp :CEO says expects entire supervisory board to agree to joint venture deal with Tata Steel.CEO says is confident to reach 'good deal' with labour representatives on JV.  Full Article

Tata Steel says co, Thyssenkrupp sign MoU to create European steel enterprise in 50:50 JV
Wednesday, 20 Sep 2017 12:32am EDT 

Sept 20 (Reuters) - Tata Steel Ltd :Says co, Thyssenkrupp sign MoU to create European steel enterprise in 50:50 JV.Says the JV will be headquartered in Amsterdam.Says proposed combination of businesses would be formed through non-cash transaction framework.Says Tata Sons would continue to financially support Tata Steel's strategy for capacity expansion in India.  Full Article

Union demands job guarantees for Thyssenkrupp-Tata JV
Wednesday, 20 Sep 2017 12:16am EDT 

Sept 20 (Reuters) - Thyssenkrupp ::.  Full Article

UPDATE 1-UK billionaire Gupta to form listed company with Atlantis Resources

LONDON, Dec 14 Sanjeev Gupta's GFG Alliance has struck a deal with tidal power firm Atlantis Resources that marks the British billionaire's first step into the stock market.