tata steel

April-May steel imports hit five-year high on buoyant domestic demand – ET Infra

India’s finished steel imports touched a five-year high in the first two months of the fiscal year that began in April, with the country continuing to be a net importer, according to provisional government data seen by Reuters. Steel demand has been buoyant in India, the world’s second-biggest crude steel producer, as the country remained […]

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Tata Steel apprehensive of UK media reports over investment plans – ET Infra

NEW DELHI: Tata steel has expressed apprehensions about British media reports suggesting that the 1.25 billion pounds investment in Port Talbot plant may be impacted on account of policy differences between the UK government and the opposition. In September 2023, Tata Steel and the UK government agreed on a joint investment plan of 1.25 billion

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Dutch may pay as much as €3 billion to clean up Tata Steel plant – ET Infra

The Netherlands may contribute as much as €3 billion ($3.26 billion) for the green transformation of Tata Steel Ltd.’s IJmuiden factory, which has caused serious health and environmental problems in the surrounding area. The Dutch parliament late Tuesday approved providing an unspecified amount of subsidies to the company to accelerate the renovation. External consultants estimate

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Tata Steel credit metrics to improve in FY25: CreditSights – ET Infra

Ratings firm CreditSights on Monday said it expects the credit metrics of Tata Steel to improve in the ongoing fiscal aided by factors like infrastructure-led domestic steel demand and lower coking coal prices. Tata Steel last week reported a 64.59 per cent decline in consolidated net profit at Rs 554.56 crore for the March quarter

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2,500 job cuts! Layoffs in Tata Steel’s UK operations inevitable, says CEO Narendran – ET Infra

Loss of jobs for around 2,500 workers at Tata Steel’s operations in the UK, which are in a transition phase, is “inevitable”, the company’s CEO T V Narendran said. Fear of job losses has attracted criticism of the workers’ unions and they are continuously protesting against the company in the UK. India-based Tata Steel owns

2,500 job cuts! Layoffs in Tata Steel’s UK operations inevitable, says CEO Narendran – ET Infra Read More »

Tata Steel announces $2.1 billion plan to meet twin objectives – ET Infra

Tata Steel said on May 29 that it will invest $2.1 billion (Rs 17,408 crore) in its Singapore arm. The fund infusion has two objectives — a) repaying the debt of its offshore entities and b) funding the rejig of its loss-making UK business. Additionally, Tata Steel announced that it will convert debt instruments valued

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Tata Steel net falls 65% to ₹555 cr on lower India prices – ET Infra

MUMBAI: Tata Steel’s consolidated net profit for the quarter ended March plunged by two-thirds year on year to ₹555 crore as lower selling prices in India weighed on the consolidated performance of the multinational steelmaker. The firm’s consolidated revenue during the quarter fell around 7% on year to ₹58,678 crore, while its earnings before interest,

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JSW steel to spend over Rs 19,000 crore to expand Dolvi plant – ET Infra

The cost of JSW Steel’s third phase of capacity expansion at its plant in Dolvi will be among the lowest for brownfield expansions for the company, a top official told ET. JSW Steel will spend a little over ₹19,000 crore on this capacity addition, which will help it cater to the demand for value-added special

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Tata Steel to scrap 800 jobs in the Netherlands – ET Infra

THE HAGUE: Indian-owned steelmaking giant Tata Steel announced Monday it was scrapping 800 jobs at its under-pressure plant in the Netherlands to “improve market conditions and bring down costs.” “The steel market has been in dire straits for some time. In order to remain structurally competitive and profitable now and in the future, Tata Steel

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Tata Steel CEO raises concern over rising steel imports in India – ET Infra

Speaking at at the ISA Steel Conclave event in the national capital, Tata Steel CEO & MD T V Narendran on Tuesday said that India being a net importer of steel is a matter of concern. He also mentioned that if the imports continue to rise, the government has assured of intervention. “I think it’s

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