Tata Steel receives 500 mn pounds grant from U.K. for Port Talbot
The proposed project would involve Tata Steel’s balance sheet being restructured with potential elimination of the current cash losses in the UK operations
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Tata Steel shares hit 52-week high on reports of £500-mn deal with U.K. govt
The Tata Group firm is in negotiations with the British government to raise capital to secure the future of Port Talbot steelworks in South Wales.
Will UK government part-fund Tata Steel UK’s green transition?
The UK subsidiary asked for a financial package of £1.5 billion, but the government offered £300 million and is in talks for increasing the aid.
Steel, aluminium exports to gain from Modi-Biden resolution of 6 WTO disputes: Piyush Goyal
Indian steel and aluminium exporters will see their market access restored by the U.S.
NMDC Steel hits 5% upper circuit on market debut
NMDC Steel was formed after the demerger of the Nagarnar steel manufacturing unit from state-owned NMDC, the country’s largest iron ore producer.
Tata Steel shares fall 5% on surprise loss in Dec quarter
The steel major posted a consolidated net loss of ₹2,223.84 crore for Q3 FY23, against a profit of ₹9,572.67 crore in the same quarter last year.
Steel industry's operating profits to contract 45-50% in FY23: ICRA
Indian steel companies face a bumpy road ahead as the external environment becomes more challenging due to elevated inflation, energy prices and rising interest rates.
Govt scraps export duty; here’s how steel stocks reacted
Shares of JSW Steel, Hindalco, Tata Steel, Jindal Steel & Power dropped up to 2% even after the government rolled back export duty on steel and iron ore products.
Steel cos post 75-90% decline in EBITDA
The EBITDA per tonne of steel companies declined primarily due to steep fall in steel prices
Tata Steel aims to switch to recycling scrap in U.K.: CEO TV Narendran
Escalating energy costs in the U.K. burden the steelmaker
