Tata Steel UK to wind up last blast furnace in September
Revenues were 646 million pounds and EBITDA loss at 91 million pounds in Q1
Revenues were 646 million pounds and EBITDA loss at 91 million pounds in Q1
Tata Steel misses Street estimates, reports a net profit of ₹960 cr in the April-June quarter, mainly due to recovery in the Netherlands
The board of Tata Steel in May had given the green light for injecting funds into T Steel Holdings Pte Ltd through the subscription of equity shares in multiple phases.
Tata Steel shares hit an intraday low of ₹163.80 on the BSE.
Tata Group attempts mergers and demergers in companies to bring sharper focus on businesses.
Tata’s plan involves replacing the blast furnaces, which produce molten iron from iron ore, with electric arc furnaces
Tata Steel is setting up electric arc furnace-based recycling plants.
Be it athletics, football, kabaddi, hockey or kho kho, India Inc. is making serious investments in sports outside of cricket.
In the last four months, the m-cap of Tata Group increased by ₹5 lakh crore, driven by sustained rally in heavyweights such as TCS, Tata Motors, Tata Power, and Indian Hotels.
The discounted steel from China, weak global macro-outlook and higher domestic manufacturing costs are expected to hamper the dreams of Indian steel producers.