Are Tata Steel’s Europe operations close to a turnaround?

Tata Steel’s UK unit, which has been making losses due to high input costs, will be shutting its blast furnaces to make way for electric arc furnaces. Also, full-scale operations have resumed in the Netherlands after lengthy maintenance work.

3 min read31 May 2024

Buy or sell: Vaishali Parekh of Prabhudas Lilladher recommends 2 stocks to buy today — November 7

Intraday stocks for today: Vaishali Parekh of Prabhudas Lilladher has recommended two stocks to buy today — Tata Motors and Tata Steel

1 min read7 Nov 2022

Tata Steel set to pip TCS on profit metric

Tata Steel’s profit totalled ₹31,914 crore in the first nine months of this fiscal through March, higher than TCS’ ₹28,490 crore. Sustaining the run-rate, Tata Steel is expected to end the year with a higher profit than TCS for the first time in 14 years

3 min read14 Feb 2022

Tata Steel Long Products accepts the letter of award for acquisition of NINL

DIPAM (Department of Investment and Public Asset Management) has issued the letter of award to Tata Steel Long Products for acquisition of 93.71% equity stake of NINL on 2 February.

1 min read9 Feb 2022

Tata Steel Q3 net profit more than doubles to ₹9,572 cr

Tata Steel Q3 results: The steel major’s revenue from operations rose 45% to ₹60,783 crore for the period under review as compared to ₹41,935 crore in the year-ago period.

2 min read5 Feb 2022

Tata Steel Long Products wins bid to acquire Neelachal Ispat

The firm outbid Jindal Steel and Power Ltd-led consortium and JSW Steel Ltd

2 min read1 Feb 2022

Tata Steel sees high energy prices in Europe as key risk

China has been strategically moving away from exports and is focused on its own capacity nationalization. It has been cutting down production. So the impact of the potentially lower real estate property construction in China is being countered by lower production by China, said CFO of Tata Steel

4 min read13 Nov 2021

Tata Steel installs generator at UK plant to recycle gases into energy

The generator will convert gases generated at Tata’s plant in Port Talbot, Wales, into useful energy, cutting its energy bill by millions of pounds each year and slashing CO2 emissions, the company said in a statement on Monday.

1 min read25 Oct 2021

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