Steel major Tata Steel Ltd on Tuesday (February 25) said it has acquired 78.85 million ordinary equity shares for $1.24 billion (around ₹10,727 crore) from its wholly owned subsidiary, T Steel Holdings Pte Ltd. (TSHP). The investment, made on February 25, 2025, will be used to repay external debt in Tata Steel’s offshore subsidiaries and […]
Tata Steel secures approval for £1.25 billion electric arc furnace in Port Talbot – CNBC TV18
Steel major Tata Steel Ltd on Tuesday (February 18) said Neath Port Talbot Council Planning Committee has approved Tata Steel UK’s proposal to install a state-of-the-art Electric Arc Furnace (EAF) in Port Talbot. Company Value Change %Change Backed by £500 million from the UK Government, the project aims to preserve 5,000 jobs and significantly reduce […]
Tata Steel files curative petition with Supreme Court over tax imposition on mineral-rich land – CNBC TV18
Steel major Tata Steel on Friday (January 17) said it has filed a curative petition with the Supreme Court of India today (January 17), seeking the invocation of extraordinary jurisdiction concerning the tax imposition on its mineral-bearing land in Odisha. Company Value Change %Change “…we wish to inform you that, the company has today i.e., […]
Tata Steel Q3 Update: India production rises 6%, deliveries at record levels – CNBC TV18
Steel giant Tata Steel Ltd on Tuesday (January 7) reported a 6.17% year-on-year (YoY) increase in India’s crude steel production for Q3FY25 at 5.68 million tonnes (MT), supported by the ramp-up of its newly-commissioned 5 MTPA blast furnace at Kalinganagar. Company Value Change %Change Deliveries in India reached a record 5.29 MT for the quarter, […]
Tata Steel signs £500 million grant funding pact with the UK govt – CNBC TV18
Tata Steel Ltd on Wednesday, September 11, signed a £500-million-pound-sterling grant funding agreement with the UK government for £1.25-billion-pound-sterling green steel project at Port Talbot. The grant funding agreement with the UK government will let Tata Steel install a state-of-the-art electric arc furnace at Port Talbot steelworks in Wales. The project will preserve the UK’s […]
Moody’s maintains stable outlook for Tata Steel, expects improved earnings over next 2 fiscals – CNBC TV18
Moody’s Rating on Wednesday (August 28) said it has maintained a stable outlook on Tata Steel, expecting the domestic steel major to improve its earnings over the next two financial years. In a report, Moody’s said it expects Tata Steel’s consolidated EBITDA to be around ₹290 billion in fiscal ending March 2025 and ₹380 billion […]