Tata Steel News

Subscribe to enjoy similar stories. India's two largest steelmakers have diverging strategies on the acquisition of captive iron ore mines for securing the supply of this critical raw material. JSW Steel, which has historically had more reliance on the open market to meet its iron ore demand, is aggressively bidding for acquiring more captive mines, or mines under its leasehold.

Here are three stocks to buy or sell as recommended by Raja Venkatraman of NeoTrader for Thursday, 5 March.Best stocks to buy today (All Buy trades are rates of Equity & Sell rates are based on F&O)TRIVENI: Buy above ₹401, stop ₹378 target ₹448 (Multiday)GESHIP: Buy above ₹1360, stop ₹1275 target ₹1505 (Multiday)NATIONALUM: Buy above ₹373, stop ₹355 target ₹415 (Multiday)Broader markets underperformed, with both Nifty Midcap and Smallcap indices slipping 2%. The rupee also weakened, breaching the 92-per-dollar level to hit a record intraday low of 92.30 before settling at 92.14, down 67 paise from its previous close.Among major laggards were Tata Steel, Tata Motors Passenger Vehicles, SBI Life Insurance, L&T, and JSW Steel, while Coal India, Bharti Airtel, Infosys, and Tech Mahindra managed gains.Trends are clearly disturbed ; however, we continue to hold on to our view that “…we would be looking at the levels of 24500-24600 to hold.”. After a sharp drop yesterday the markets hesitatingly and gradually made their way higher.

Tata Steel has rolled out an all-women shift at its Noamundi iron mine in Jharkhand. This shift will comprise women employees for all the mining activities of the shift including Heavy Earth Moving Machinery (HEMM), shovel, loader, drill, dozer operators, and shift supervision. «This initiative, India’s first, underscores the company’s unwavering commitment to creating an equitable workplace and empowering women in traditionally male-dominated industries,» the company stated in a press release. “This all-women shift represents a landmark achievement not only for Tata Steel but also for the Indian mining industry....We are proud to lead this change and will continue to create more opportunities for women specially in our mining ecosystem. This initiative marks a significant addition to the 100 glorious years of mining at Noamundi," D B Sundara Ramam, vice president, raw material, Tata Steel said as stated in the release.

Britain’s government has unveiled details of a new support package for workers who face losing their jobs at the country’s biggest steel plant ahead of its transition to a greener way of production

Tata Steel has signed an agreement with National Grid Plc's Electricity System Operator to build the power infrastructure required to switch its Port Talbot site to a green steel project.

Also read: Tata Steel CEO TV Narendran says UK job cuts ‘least bad option,’ will continue talks with unions Discussions will continue with the trade unions over the next two weeks on a potential Memorandum of Understanding on the future ambitions of the business and the impact of the restructuring on employees, the company further added. "Having looked carefully at all the options over the past seven months in consultation with union representatives, we have decided to proceed with our proposed restructuring and transition," Tata Steel managing director TV Narendran said.

Tata Steel India has reported a 6 per cent growth in deliveries to 19.90 million tonnes in FY24, supported by higher demand from retail, automotive and railway segments. In India, the company produced 18.85 million tonnes (MT) of steel during the preceding 2022-23 financial year, Tata Steel said in a statement on Saturday. Automotive and special products segment deliveries increased by 8 per cent in FY24 to 2.9 MT, surpassing the previous record in FY23. Branded products and retail segment deliveries increased by 11 per cent in FY24 to 6.5 MT. The industrial products & projects segment deliveries rose 6 per cent to 7.7 MT.

Indian firm Tata Steel says it will close both blast furnaces at its plant in Port Talbot in Wales, eliminating 2,800 jobs

₹10 trillion, which is almost three times the outlay of 2019-20. “India’s emphasis on sustainable solutions is expected to drive increased usage (of stainless steel) across traditional applications, process industries, and the household sector, as well as in emerging strategic sectors such as defence, aerospace, and the green and blue economies," Abhudhay Jindal, managing director of JSL said. Tata Steel sees growth in demand for steel to stay for the medium term.

Tata Steel on Thursday said its subsidiary Tinplate Company of India Limited (TCIL) has received a tax notice, imposing a penalty of about Rs 40 lakhs in connection with a demand order pertaining to the 2016-17 fiscal. «The said demand order is presently pending appeal before the Commissioner of Commercial taxes, Ranchi,» Tata Steel said in a regulatory filing.

British government is in talks with Tata Steel, the country's biggest steel producer, to provide 500 million pounds ($629 million) of funding to help secure the long-term future of a key part of its steel industry, Sky News reported on Saturday. (more to come)

New Delhi: Indian steel companies Tata Steel and Jindal Stainless played key roles in the success of the Chandrayaan-3 lunar mission, which landed on the Moon's south pole on Wednesday. Tata Steel said its crane technology helped in assembling the Fat-LVM3-M4 rocket.

TV Narendran, MD, Tata Steel, says in Europe high energy prices have impacted a lot of the mid-sized and smaller companies and many of them may be vendors, many of them customers and they are a bit fragile and that has an impact on steel consumption as well. Inflation is still persistent and so central banks are increasing rates.

₹633.95 crore. The figure, however, marked a 63% fall from the March quarter. Tata Steel said its profitability was hit by non-cash deferred tax charge on account of a buy-in transaction at the British Steel Pension Scheme (BSPS).