Tata Steel Latest News

  1. Tata Steel’s hot metal, crude steel and saleable steel output was higher in August than that registered during the corresponding month of the year-ago period. The production of hot metal was 15% up at 597,000 tonnes as against 518,000 tonnes
  2. Tata Steel has embarked upon a Rs 1,100-crore programme to augment capacity of its iron ore mines at Joda and Noamundi. The increased production will go to meet the larger ore requirement of the company’s Jamshedpur plant
  3. Tata Steel Global Minerals Holdings Pte Ltd, an indirect wholly owned subsidiary of Tata Steel Ltd has acquired additional shares of Riversdale Mining Ltd (RML), Australia, through market purchases, taking the holding to 19.38 per cent
  4. Tata Steel has reported 38 per cent rise in production at 5.26 lakh tonnes (LT) in June against 3.82 lt in the corresponding period last year. Sales increased 19 per cent to 4.97 LT (4.19 LT). Long product sales were up 30 per cent
  5. Tata Steel, India's largest integrated private steel maker has decided to raise $500 million via global depository receipts (GDRs). A company official confirmed the news as a "fresh development" taken place less than 48 hours ago
  6. Tata Steel has raised prices of hot rolled (HR) and cold rolled (CR) coils, used by the automobiles and consumer durables sectors, by Rs 500-750 a tonne. This is the first increase in HR in the last eight months
  7. Moody’s Investors Service has downgraded both Tata Steel and its UK subsidiary Tata Steel UK (Corus) by a notch. The corporate family rating of Tata Steel was lowered to Ba3 from Ba2, while Tata Steel UK to B2 from B1.
  8. Tata Steel’s sales volume surged by 18% to 4.69 lakh tonnes in May on the back of robust demand from auto and construction sectors. In the corresponding month last year, the company's sales stood at 3.97 lakh tonnes
  9. Tata Steel has finally got the prospecting licence (PL) from the Jharkhand government for the Ankua iron ore mines. In 2007, Jharkhand had recommended to the Centre separate iron ore prospecting areas in the iron ore-rich Ankua belt
  10. Riding high on robust demand from auto and construction sectors, Tata Steel expects its sales volume from Indian operations to surge by 25 per cent in the current fiscal
Return to Top
Puchho Befikar