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Tata Steel Ltd (TISC.BO)

TISC.BO on Bombay Stock Exchange

22 Feb 2018
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Latest Key Developments (Source: Significant Developments)

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

Thyssenkrupp says aims for MoU with Tata Steel by the end-September
Monday, 11 Sep 2017 08:31am EDT 

Sept 11 (Reuters) - Thyssenkrupp :Spokeswoman says aiming for memorandum of understanding with Tata Steel by the end of this month.  Full Article

Thyssenkrupp India CEO says plans to expand electrical steel production
Thursday, 31 Aug 2017 05:04am EDT 

Aug 31 (Reuters) - Thyssenkrupp India ceo says::in merger talks with other companies including Tata Steel <<>>. .In talks with government for getting concession on import duty on electrical steel..Plans to expand electrical steel production to 40,000 tonnes by mid 2018 from 10,000 tonnes now.  Full Article

Thyssenkrupp says will examine Tata Steel pension deal
Friday, 11 Aug 2017 08:10am EDT 

Aug 11 (Reuters) - Thyssenkrupp :Says Tata Steel <<>> has informed it of pension deal with UK regulators.Says will now take the time necessary to examine the pension deal.  Full Article

Tata Steel signs document for new pension scheme in relation to British Steel Pension Scheme
Friday, 11 Aug 2017 07:44am EDT 

Aug 11 (Reuters) - Tata Steel Ltd :Says signs documentation for a regulated apportionment arrangement in relation to British Steel Pension Scheme.When RAA takes effect British Steel Pension Scheme will be separated from Tata Steel UK and a number of affiliated cos.Says pension protection fund issued confirmation on Friday of non-objection to the RAA.Says Tata Steel UK reached agreement for sponsorship of proposed new pension scheme‍​.Tata Steel - new scheme would have lower future annual increases for pensioners and deferred members than the British Steel Pension Scheme.Says all members of British Steel Pension Scheme would be invited to transfer to new scheme subsequent to completion of RAA.Says if qualifying conditions are met, members who choose to, will transfer to new scheme.Remains no certainty with regards to eventual existence, size or form of the new scheme.Funding position and membership of any new scheme still dependent on results of proposed voluntary membership transfer exercise.Says net financial impact of RAA including payment of agreed amount would be reflected in Q2 FY18 financials of co.  Full Article

Factbox: GFG Alliance to maintain rapid pace of expansion

MELBOURNE British tycoon Sanjeev Gupta's GFG Alliance has expanded rapidly in recent years, spending up big on distressed steel and aluminum assets, and sees no let-up in the pace of growth.