Edition:
India

Tata Steel Ltd (TISC.BO)

TISC.BO on Bombay Stock Exchange

369.10INR
20 Sep 2019
Change (% chg)

Rs24.15 (+7.00%)
Prev Close
Rs344.95
Open
Rs345.55
Day's High
Rs380.70
Day's Low
Rs344.25
Volume
1,655,951
Avg. Vol
663,644
52-wk High
Rs646.70
52-wk Low
Rs322.45

Latest Key Developments (Source: Significant Developments)

Tata Steel Executes MoU To Sell 70% Stake In Tata Steel Thailand To Synergy Metals And Mining Fund
Wednesday, 7 Aug 2019 

Aug 7 (Reuters) - Tata Steel Ltd ::EXECUTED MEMORANDUM OF UNDERSTANDING TO DIVEST 70% OF ITS SHAREHOLDING IN TATA STEEL THAILAND TO SYNERGY METALS AND MINING FUND.STEEL SECTOR IS FACING SIGNIFICANT HEADWINDS WHICH HAS AFFECTED SPREADS AND OVERALL PROFITABILITY.INCREASED GOVERNMENT SPENDING, EFFORTS TO ADDRESS LIQUIDITY CRUNCH SHOULD HELP REVIVE DEMAND, STEEL PRICES IN INDIA IN SECOND HALF OF THE YEAR.REDUCED CONSOLIDATED GROSS DEBT BY 178.64 BILLION RUPEES IN 2HFY19; TARGETING ANOTHER $1 BLN REDUCTION IN FY20.GLOBAL STEEL DEMAND EXPECTED TO REMAIN WEAK DUE TO BROADER ECONOMIC WEAKNESS AND TRADE BARRIERS AMONG GLOBAL ECONOMIES.  Full Article

Tata Steel Europe CEO Hans Fischer To Retire on July 1
Thursday, 27 Jun 2019 

June 27 (Reuters) - Tata Steel Ltd ::HANS FISCHER, CHIEF EXECUTIVE OFFICER OF TATA STEEL EUROPE, HAS DECIDED TO RETIRE WITH EFFECT FROM JULY 1, 2019.HENRIK ADAM, CURRENTLY CHIEF COMMERCIAL OFFICER AT TATA STEEL EUROPE, HAS BEEN APPOINTED CEO OF TATA STEEL EUROPE.TATA STEEL EUROPE EXECUTIVE DIRECTOR (FINANCE) N. K. MISRA TO RETIRE ON DEC. 31; SANDIP BISWAS, EVP (FINANCE), TO REPLACE HIM.  Full Article

British Steel Seeks New 75 Million Stg Taxpayer Loan To Avert Collapse - Sky News
Tuesday, 14 May 2019 

May 14 (Reuters) - :BRITISH STEEL SEEKS NEW 75 MILLION STG TAXPAYER LOAN TO AVERT COLLAPSE - SKY NEWS.  Full Article

Thyssenkrupp CEO: No Break Fees As A Result Of Failed JV With Tata Steel
Friday, 10 May 2019 

May 10 (Reuters) - Thyssenkrupp ::CEO SAYS WE WILL BEGIN SPLITTING OFF ELEVATORS UNIT ON MONDAY.SAYS WE WANT TO BE READY FOR IPO IN NEW FISCAL YEAR.CEO SAYS THERE IS NO BREAK FEES AS A RESULT OF THE FAILED STEEL JV WITH TATA STEEL.  Full Article

Thyssen Works Council Demands Strategy For Steel Business
Friday, 10 May 2019 

May 10 (Reuters) - Thyssenkrupp works council statement::WE WILL OPPOSE CATEGORICALLY AND DETERMINEDLY TO DISCUSSIONS ON RESTRUCTURING AND JOB CUTS IF IT DOES NOT INCLUDE STRATEGY FOR FUTURE OF STEEL BUSINESS.  Full Article

Tata Steel Says European Commission Unlikely To Clear Tata-Thyssenkrupp JV
Friday, 10 May 2019 

May 10 (Reuters) - Tata Steel Ltd ::SAYS FEEDBACK FROM EUROPEAN COMMISSION ON PROPOSED STEEL JOINT VENTURE BETWEEN THYSSENKRUPP AND TATA STEEL IN EUROPE.COMMISSION NOT INTENDING TO CLEAR PROPOSED JV AS IT EXPECTS SUBSTANTIAL REMEDIES IN FORM OF SALE OF ASSETS OF THE PROPOSED VENTURE.SAYS EUROPEAN COMMISSION EXPECTS SUBSTANTIAL REMEDIES IN THE FORM OF SALE OF ASSETS OF THE PROPOSED VENTURE.FEEDBACK FROM COMMISSION BASED ON MARKET TEST IT HAS UNDERTAKEN SUGGESTS THAT IT IS UNLIKELY TO CLEAR PROPOSAL.  Full Article

Tata Steel Divests Partial Stake In Al Rimal Mining LLC, Oman
Thursday, 9 May 2019 

May 9 (Reuters) - Tata Steel Ltd ::ANNUOUNCES DIVESTMENT OF PARTIAL STAKE IN AL RIMAL MINING LLC, OMAN, AN INDIRECT UNIT OF CO.TATA STEEL - CO STAKE IN AL RIMAL MINING LLC WILL REDUCE FROM 70 PERCENT TO 51 PERCENT.CONSIDERATION RECEIVED FROM DIVESTMENT TO BE 35 MILLION RUPEES.  Full Article

Thyssen - Still Confident To Get EU's Nod on Tata Deal
Friday, 26 Apr 2019 

April 26 (Reuters) - thyssenkrupp AG ::WE HAVE AGREED WITH EU COMMISSION EXTENSION OF DEADLINE FOR REVIEW OF JV WITH TATA STEEL.STILL CONFIDENT TO GET EU APPROVAL FOR STEEL JV WITH TATA STEEL.  Full Article

Tata Steel Europe Says No Serious Injuries In Port Talbot Site - Tweet
Friday, 26 Apr 2019 

April 26 (Reuters) - Tata Steel Ltd ::TATA STEEL EUROPE SAYS THERE ARE NO SERIOUS INJURIES IN PORT TALBOT SITE, ALL EMPLOYEES ACCOUNTED FOR - TWEET.TATA STEEL EUROPE SAYS FIRE AT PORT TALBOT SITE NOW UNDER CONTROL - TWEET.  Full Article

India's Tata Steel March Qtr Consol Net Profit From Cont Ops Falls
Thursday, 25 Apr 2019 

April 25 (Reuters) - Tata Steel Ltd ::MARCH QUARTER CONSOL NET PROFIT FROM CONTINUING OPERATIONS 24.31 BILLION RUPEES VERSUS PROFIT OF 101.53 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR MARCH QUARTER CONSOL NET PROFIT WAS 21.30 BILLION RUPEES.MARCH QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 424.24 BILLION RUPEES VERSUS 337.05 BILLION RUPEES LAST YEAR.RECOMMENDED DIVIDEND OF 13 RUPEES PER SHARE.APPROVED A MERGER OF BAMNIPAL STEEL LIMITED AND TATA STEEL BSL LIMITED INTO THE COMPANY.CO AND THYSSENKRUPP AG WORKING TO SECURE REQUIRED REGULATORY APPROVALS FOR THE PROPOSED 50:50 JOINT VENTURE IN EUROPE.TATA STEEL KALINGANAGAR PHASE II EXPANSION PROJECT IS PROGRESSING WELL AND IS ON TRACK AS PER SCHEDULE TO COMPLETE IN FY22.EUROPEAN COMMISSION HAS ISSUED `STATEMENT OF OBJECTION' FOR WHICH BOTH PARTIES RECENTLY SUBMITTED PACKAGE OF PROPOSED REMEDIES."WILL CONTINUE TO TARGET A FURTHER REDUCTION IN THE GROSS DEBT BY ANOTHER ONE BILLION DOLLARS BY THE END OF FINANCIAL YEAR 2020".SOUTH-EAST ASIA OPERATING ENTITIES BEEN CLASSIFIED AS 'ASSETS HELD FOR SALE"; DIVESTMENT OF 70 PERCENT STAKE EXPECTED TO COMPLETE IN Q1FY20.  Full Article

RPT-ICRA ratings for Indian debt instruments-Sep 3

(Repeating to add more ratings) Sep 3 Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA) for local debt instruments as of August 30 and September 2, 2019. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ----- --------- SHORT TERM RATINGS: