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Tata Steel Ltd (TISC.BO)

TISC.BO on Bombay Stock Exchange

591.50INR
18 May 2018
Change (% chg)

Rs-18.55 (-3.04%)
Prev Close
Rs610.05
Open
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Rs616.80
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Rs590.25
Volume
450,253
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Rs755.12
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Latest Key Developments (Source: Significant Developments)

Tata Steel Says Unit Completes Acquisition Of Controlling Stake In India's Bhushan Steel
Friday, 18 May 2018 

May 18 (Reuters) - Tata Steel Ltd ::UNIT BAMNIPAL STEEL COMPLETED ACQUISITION OF CONTROLLING STAKE OF 72.65 PERCENT IN BHUSHAN STEEL LIMITED AS PER RESOLUTION PLAN.SAYS ADDITIONALLY, 1 BILLION RUPEES PAID BY BNPL TO FINANCIAL CREDITORS OF BHUSHAN STEEL.INVESTMENT IN BHUSHAN STEEL DONE VIA COMBINATION OF EQUITY OF 1.59 BILLION RUPEES AND LOAN OF 349.74 BILLION RUPEES.ACQUISITION FINANCED VIA COMBINATION OF EXTERNAL BRIDGE LOAN OF 165 BILLION RUPEES AVAILED BY BNPL; BALANCE VIA INVESTMENT BY CO IN BNPL.SAYS NOMINEES OF BNPL HAVE BEEN APPOINTED ON BOARD OF BHUSHAN STEEL.BRIDGE LOAN AVAILED BY BNPL IS EXPECTED TO BE REPLACED BY DEBT RAISED AT BHUSHAN OVER TIME.  Full Article

Tata Steel Is Said to Seek Loan for Bhushan Steel Asset Purchase - Bloomberg
Thursday, 17 May 2018 

May 17 (Reuters) - :TATA STEEL LTD PREPARING A 115 BILLION RUPEE ($1.7 BILLION) LOAN TO HELP FUND ITS PURCHASE OF ASSETS FROM BHUSHAN STEEL LTD - BLOOMBERG, CITING SOURCES.  Full Article

Tata Steel Exec Says Co Hopes To Achieve 100 Pct Ramp Up Of Bhushan Plant In Next Couple Of Years
Wednesday, 16 May 2018 

May 16 (Reuters) - Tata Steel Ltd Executive Director and CFO Koushik Chatterjee::EXEC SAYS HOPE TO ACHIEVE 100 PERCENT RAMP UP OF BHUSHAN PLANT IN NEXT COUPLE OF YEARS.TATA STEEL EXEC SAYS THERE IS POTENTIAL TO TAKE CAPACITY OF BHUSHAN STEEL PLANT FROM 5 TO 8 MILLION TONNES.TATA STEEL EXEC SAYS BHUSHAN POWER'S COMMITTEE OF CREDITORS HAS NOT SAID ANYTHING TO CO.TATA STEEL EXEC SAYS CAPEX FOR CURRENT FY WILL BE AROUND OR OVER 80 BILLION RUPEES.  Full Article

India's Tata Steel Posts March Qtr Consol Profit
Wednesday, 16 May 2018 

May 16 (Reuters) - Tata Steel Ltd ::MARCH QUARTER CONSOL NET PROFIT 146.88 BILLION RUPEES VERSUS LOSS OF 11.68 BILLION RUPEES LAST YEAR.MARCH QUARTER CONSOL INCOME FROM OPERATIONS 357.37 BILLION RUPEES VERSUS 348.33 BILLION RUPEES LAST YEAR.RECOMMENDED DIVIDEND OF 10 RUPEES PER SHARE.MARCH QUARTER TOTAL EXCEPTIONAL ITEM OF 113.76 BILLION RUPEES.SAYS EXCEPTIONAL GAIN INCLUDES A NON-CASH GAIN OF 140.77 BILLION RUPEES ON ACCOUNT OF RESTRUCTURING OF UK PENSION SCHEME IN Q4.TATA STEEL - NET DEBT DECLINED TO 692.15 BILLION RUPEES AS OF MARCH 31, 2018.TATA STEEL - 50:50 JV DISCUSSION WITH THYSSENKRUPP IS PROGRESSING WELL.  Full Article

North Eastern Carrying Corp Gets Work Order Worth 3.56 Bln Rupees From Tata Steels
Friday, 27 Apr 2018 

April 27 (Reuters) - North Eastern Carrying Corporation Ltd ::SAYS CO GETS WORK ORDER WORTH 3.56 BILLION RUPEES FROM TATA STEELS.  Full Article

Tata Steel ‍Announces Dual Tranche USD Bond Offering Of $1.3 Bln​
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Tata Steel Ltd ::SAYS ‍ANNOUNCES SUCCESSFUL DUAL TRANCHE USD BOND OFFERING OF US$ 1.3 BILLION​.SAYS PROCEEDS OF BONDS WILL BE USED TO REFINANCE OFFSHORE OBLIGATIONS FOR CO.SAYS BONDS TO BE LISTED ON SINGAPORE EXCAHNGE.  Full Article

Tata Steel Q3 India Production Up 3.2 Pct
Friday, 12 Jan 2018 

Jan 12 (Reuters) - Tata Steel Ltd ::SAYS Q3 INDIA PRODUCTION 3.26 MILLION TONNES VERSUS 3.16 MILLION TONNES LAST YEAR.QTRLY EUROPE STEEL PRODUCTION 2.67 MILLION TONNES.SAYS Q3 INDIA SALES 3.30 MILLION TONNES VERSUS 2.99 MILLION TONNES LAST YEAR.QTRLY EUROPE STEEL SALES 2.39 MILLION TONNES VERSUS 2.33 MILLION TONNES.  Full Article

Electrosteel Steels Gets 4 Resolution Plans
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Electrosteel Steels Ltd ::SAYS RESOLUTION PROFESSIONAL GOT 4 RESOLUTION PLANS.GOT RESOLUTION PLANS FROM RENAISSANCE STEEL INDIA, TATA STEEL, VEDANTA LIMITED, EDELWEISS ALTERNATIVE ASSET ADVISORS.  Full Article

Tata Steel Q3 Provisional Sales Up 10 Pct
Friday, 5 Jan 2018 

Jan 5 (Reuters) - Tata Steel Ltd ::SAYS Q3 PROVISIONAL PRODUCTION IN INDIA 3.24 MILLION TONNES VERSUS 3.28 MILLION TONNES.SAYS Q3 PROVISIONAL PRODUCTION IN EUROPE 2.68 MILLION TONNES VERSUS 2.64 MILLION TONNES.SAYS Q3 PROVISIONAL PRODUCTION IN SOUTH EAST ASIA 0.56 MILLION TONNES VERSUS 0.58 MILLION TONNES‍​.SAYS Q3 PROVISIONAL SALES OF 3.3 MILLION TONNES, UP 10 PERCENT.  Full Article

Tata Steel Approves Next Phase Of Capacity Expansion In Kalinganagar
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Tata Steel Ltd ::SAYS APPROVES PHASE II OF EXPANSION OF CAPACITY AT KALINGANAGAR BY 5 MTPA.SAYS EXPANSION PROJECT INVOLVES INVESTMENT OF 235 BILLION RUPEES.SAYS APPROVES RIGHTS ISSUE WORTH 128 BILLION RUPEES.  Full Article

Deals of the day-Mergers and acquisitions

May 18 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday: