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India

Tata Steel Ltd (TISC.NS)

TISC.NS on National Stock Exchange of India

694.70INR
15 Dec 2017
Change (% chg)

Rs8.95 (+1.31%)
Prev Close
Rs685.75
Open
Rs696.00
Day's High
Rs700.85
Day's Low
Rs691.05
Volume
3,158,329
Avg. Vol
4,450,984
52-wk High
Rs735.00
52-wk Low
Rs377.35

Latest Key Developments (Source: Significant Developments)

India's Tata Steel To Acquire 74 Pct Shares Of Bhubaneshwar Power Pvt
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Tata Steel Ltd ::‍SHARE PURCHASE AGREEMENT FOR ACQUISITION OF 74 PERCENT SHARES OF BHUBANESHWAR POWER PVT.SAYS DEAL FOR 2.55 BILLION RUPEES.  Full Article

Thyssenkrupp has reached peak in restructuring costs -CFO
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Thyssenkrupp :Cfo says have reached peak of restructuring costs in 2016/17, will have 200-300 million eur in restructuring costs in 2018.Cfo says marine systems profit contribution to industrial solutions division will be slightly positive going forward.Ceo says will not put at risk synergy target of 400-600 million eur in talks with unions over tata steel tisc.ns jv.  Full Article

Thyssenkrupp still expects to sign deal with Tata Steel in early 2018
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Thyssenkrupp :Cfo says still aiming to sign contract with tata steel tisc.n for steel joint venture in early 2018.Says expects adjusted ebit of about 400 million eur in q1 -slides.  Full Article

Tata Steel appoints T. V. Narendran as CEO & MD
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Tata Steel Ltd :Says ‍tata Steel elevates Mr. T. V. Narendran as CEO & managing director​.Says reappointed Koushik Chatterjee as CFO w.e.f nov 9‍​.  Full Article

India's Tata Steel posts Sept-qtr consol profit
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Tata Steel Ltd ::Sept quarter consol net profit 10.18 billion rupees versus loss of 493.8 million rupees last year.Consensus forecast for Sept quarter consol net profit was 16.78 billion rupees.Sept quarter consol total revenue from operations 324.64 billion rupees versus 271.20 billion rupees last year.Sept quarter standalone net profit 12.94 billion rupees versus profit of 2.50 billion rupees last year.Says gross debt stood at 902.59 billion rupees at quarter end.Says "remain positive on the outlook of India"‍​.  Full Article

Tata Steel says 2.5 bln euros of debt will move to new JV
Wednesday, 20 Sep 2017 

Sept 20 (Reuters) - Tata Steel chairman Natarajan Chandrasekaran and group executive director (Finance and Corporate) Koushik Chatterjee::Says Thyssenkrupp merger helps Tata Steel India to go for inorganic and organic expansions‍​.Says Tata Sons will work closely with Tata Steel India to capture all opportunities in India post merger.Says combined entity will have common procurement and logistics.Says combined entity will help in having higher utilisation of steel capacity than Tata Steel Europe's current.Says 2.5 billion euros of debt will move to new JV.Says JV zero date of operations likely to be March 2019.Says definitive agreements will be signed by March 2018.Says India operations will double capacity in 5 years.Says Thyssenkrupp will not bring any debt but will bring some of its pension liabilities to the JV.Says JV will not lead to job losses and closure of sites.  Full Article

Tata Steel seeks members' nod for appointment of N. Chandrasekaran as director
Friday, 14 Jul 2017 

July 14 (Reuters) - Tata Steel Ltd ::Seeks members' nod for appointment of N. Chandrasekaran as a director.Seeks members' nod for appointment of Peter (Petrus) Blauwhoff as an independent director.Seeks members' nod for issue of non-convertible debentures on private placement basis not exceeding INR 100 billion.Seeks members' nod for appointment of Aman Mehta as an independent director.Seeks members' nod for appointment of Deepak Kapoor as an independent director.  Full Article

Unions announce Tata Steelworkers voted to accept reforms to their pensions- Sky News
Wednesday, 15 Feb 2017 

: Unions have announced Tata Steelworkers have voted to accept reforms to their pensions- Sky News ] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Tata Steel signs deal with Liberty House Group for sale of speciality steels business
Thursday, 9 Feb 2017 

Tata Steel Ltd : Tata Steel signs definitive agreement with Liberty House Group for the sale of its speciality steels business . Deal for total consideration of 100 million pounds . Says speciality steels direclty employs about 1700 people . Says agreement covers several south Yorkshire based assets . Says parties will also be working to complete consultation with employees, transfer of supplier and customer contracts . Tata Steel UK is currently consulting with employees on number of proposals that would structurally reduce risks . Says also in discussion with UK steel pension scheme trustee . Says co's strip products business will continue to employ almost 9,000 people in UK . Co continues to support its UK business and its process of transformation to create a sustainable future for its UK strip products business .Says investments ongoing to improve manufacturing capability, enabling production of premium steels in Shotton, Llanwern, Trostre and Orb in Newport.  Full Article

Tata Steel says co still open to sell Port Talbot facility
Friday, 12 Aug 2016 

Tata Steel Ltd : Exec says still open to sell Port Talbot facility . Exec says progressing well with talks on selling specialty business . Further company coverage [TISC.NS] ((Bangalore.newsroom@thomsonreuters.com)).  Full Article

TABLE-India Commercial Papers deals on F-TRAC-Dec 14

Dec 14 Following are the details of deals in Indian Commercial Papers reported on Clearcorp F-TRAC Platform. ISIN DESCRIPTION MATURITY WTG AVG WTG AVG NO OF TRADED LAST TRADED DATE PRICE YLD% TRADES VALUE* PRICE YIELD ============ ============ ======== ======= ======= ====== ===== =============== INE261F14BY0 NABARD 60D 15-Dec-17 99.9836 5.9985 6 475 99.9833