New Green Hues Of Tata Steel U.K.
Ailing Port Talbot unit’s transition to green steel set-up with 40% revival cost borne by Britain.
Ailing Port Talbot unit’s transition to green steel set-up with 40% revival cost borne by Britain.
The dim outlook comes after Tata Steel assessed the potential impact of the economic downturn in Europe.
The European business lost ₹7,810 at EBITDA level for each tonne of steel that it produced in the December quarter
Tata Steel Europe's EBITDA per tonne of steel has shot up nearly four times to ₹18,135 in January-March quarter of 2022.
Tata Steel Europe posted EBITDA of ₹1,533 crore and ₹3,340 crore in the first and second quarters, respectively.
Debt repayments of ₹11,424 crore in the first six months of FY22; gross debt reduced to ₹78,163 crore.
Tata Steel to spend ₹11,000 crore; sees European business cash-positive this year.
The steelmakers say they are unwilling to make any more concessions to appease the European antitrust regulator.