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Tata Steel Ltd (TISC.BO)

TISC.BO on Bombay Stock Exchange

19 Jan 2018
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Rs-0.20 (-0.03%)
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Latest Key Developments (Source: Significant Developments)

India's Tata Steel posts consol profit in June-qtr
Monday, 7 Aug 2017 08:10am EDT 

Aug 7 (Reuters) - Tata Steel Ltd :June quarter consol net profit 9.21 billion rupees versus loss of 31.83 billion rupees last year.Consensus forecast for june quarter consol net profit was 10.43 billion rupees.June quarter consol total income 311.29 billion rupees versus 261.07 billion rupees last year.Says gross debt for period increased by 47.98 billion rupees due to forex impact, inventory buildup in India due to GST.Says on sequential basis, there was inventory destocking across channel in run up to the GST launch which led to drop in volumes‍​.Says net debt as at the end of June 30 was 717.03 billion rupees.Says "appreciating rupee remains a cause for concern".Says "remain positive in the outlook for India steel markets".  Full Article

Tata Steel completes the sale of its Hartlepool saw pipe mills
Tuesday, 1 Aug 2017 05:53am EDT 

Aug 1 (Reuters) - Tata Steel Ltd :Tata Steel completes the sale of its Hartlepool saw pipe mills.  Full Article

Tata Steel inks deal with Liberty House Group for sale of Hartlepool SAW pipe mills​
Tuesday, 11 Jul 2017 05:05am EDT 

July 11 (Reuters) - Tata Steel Ltd ::Says ‍signs definitive agreement with Liberty House Group for sale of its Hartlepool SAW pipe mills​.Says sale agreemnent covers 42-inch and 84-inch pipe mills.Co will be investing 1 million pounds to increase capabilty of 20-inch mills.Says with this sale, Tata Steel UK will complete portfolio restructuring to focus on strip products supply chain linked to Port Talbot ‍​.Says deal expected to be completed within next few months‍​.Both parties will be working to complete consultations with employees and trade unions as well as trasnfer of supplier, customer contracts‍​.  Full Article

Tata Steel commissions its first 3 MW solar power plant at Noamundi
Monday, 10 Jul 2017 04:22am EDT 

July 10 (Reuters) - Tata Steel Ltd ::Tata steel commissions its 1st 3 MW solar power plant at Noamundi.  Full Article

Tata Steel says LIC of India cuts stake in co by 2.02 pct
Friday, 7 Jul 2017 05:48am EDT 

July 7 (Reuters) - Tata Steel Ltd ::Says LIC of India cuts stake in co by 2.022 percent to 11.874 percent.  Full Article

Tata Steel Q1 FY18 sales registered volume growth of 28 pct
Monday, 3 Jul 2017 03:20am EDT 

July 3 (Reuters) - Tata Steel Ltd :Says sales in Q1 FY18 registered a volume growth of 28% over same period of last year (largely due to kalinganagar ramp-up).Says Q1 FY18 exports volume grew 17 times over Q1 FY17.Says Jamshedpur blast furnaces achieved hot metal production of 2.73 MT in Q1 FY18 versus 2.67 MT in Q1 FY17.  Full Article

Tata Steel says GST rates largely on expected line with regards to steel industry
Thursday, 29 Jun 2017 08:55am EDT 

June 29 (Reuters) - Tata Steel Ltd :on GST, "expected to streamline taxation structure in country and replace a gamut of indirect taxes with a singular GST to simplify taxation procedure".On GST, says "there are certain transition issues which would require to be sorted out"."Biggest benefit of this tax reform would be onboarding of informal economy on to mainstream economy & broad basing tax net".Says "with regard to steel industry, GST rates have been largely on expected line"."Going forward we expect GST council would work towards further broadening scope of GST and bring in sectors excluded from GST in its scope".  Full Article

Tata Steel sells 83.54 mln shares of Tata Motors to Tata Sons
Friday, 23 Jun 2017 08:14am EDT 

June 23 (Reuters) - Tata Steel Ltd ::Sale of equity shares of Tata Motors Limited.Sold 83.54 million shares of Tata Motors to Tata Sons at 452.80 rupees per share (excluding brokerage and STT).  Full Article

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

UPDATE 3-Facing investor pressure, Thyssenkrupp pledges to refine strategy

* Shares hit 4-month high on hopes for change (Adds Cevian comment, updates shares)