JSW, Tata, ArcelorMittal Nippon to ramp up scrap-based steel production
Tata Steel is setting up electric arc furnace-based recycling plants.
Tata Steel is setting up electric arc furnace-based recycling plants.
Be it athletics, football, kabaddi, hockey or kho kho, India Inc. is making serious investments in sports outside of cricket.
In the last four months, the m-cap of Tata Group increased by ₹5 lakh crore, driven by sustained rally in heavyweights such as TCS, Tata Motors, Tata Power, and Indian Hotels.
The discounted steel from China, weak global macro-outlook and higher domestic manufacturing costs are expected to hamper the dreams of Indian steel producers.
This is the sixth Tata Group company that has an m-cap of over ₹1 lakh crore after TCS, Titan Company, Tata Motors, Tata Steel, and Trent.
Tata Steel takes impairment charge of ₹6,358 cr in Q2 FY24 for decarbonisation project at Port Talbot plant in the UK
The delivery volumes declined from 4.91 million tons in Q2 last year to 4.82 million tons in the September quarter this year.
Ailing Port Talbot unit’s transition to green steel set-up with 40% revival cost borne by Britain.
Moody's has also changed the outlook of Tata Steel from ‘stable’ to 'positive.'
The credit rating agency also changed the company's outlook to 'stable' from 'positive'.