Tata Steel Shares News

The company has revised the planned capital expenditure for 2019-20 to ₹8,000 crore from ₹12,000 croreThe steel sector is expected to see a pick-up in the second half of the year

Steps such as sale of assets, going slow on some domestic capacity additions have kept the high debt levels in checkAll this meant that Tata Steel had to raise additional debt to fund these expansions

Tata Steel attributed the surge in Q2 profit to better sales in the automotive and industrial product segments on the back of stronger steel prices in a traditionally weak quarter

Thyssenkrupp and Tata Steel earlier this year unveiled plans to combine their steel activities in Germany, the Netherlands and Britain to become the continent's second-largest steelmaker after ArcelorMittal

At a time when its balance sheet is getting stretched by acquisitions, with more in the pipeline, investors would like to see how Tata Steel intends to make this acquisition work

Tata Steel's YoY revenues rose 13.8% to 16,405 crore, Ebitda for the quarter jumped by 75.2% to 5,118 crore

Tata Steel has offered an upfront payment of Rs35,200 crore to lenders, along with a 12.27% stake in the debt-laden steel maker

Tata Steel shares rise 5.2% to Rs718 in morning trade after the company reports a five-fold jump in its third quarter profit

Tata Steel has concluded the acquisition of 74% of equity shares of BPPL on 1 February

The board of Tata Steel Ltd has already approved a plan to expand the capacity of its Kalinganagar facility by up to 5 million tonnes at a cost of Rs23,500 crore