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Tata Steel Ltd (TISC.NS)

TISC.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

India's Tata Steel Sept-Qtr Consol Profit Rises Over Three-Fold
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - Tata Steel Ltd ::SEPT QUARTER CONSOL NET PROFIT 31.16 BILLION RUPEES VERSUS PROFIT OF 10.18 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR SEPT QUARTER CONSOL NET PROFIT WAS 22.47 BILLION RUPEES.SEPT QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 435.44 BILLION RUPEES VERSUS 324.64 BILLION RUPEES LAST YEAR.SEPT QUARTER STANDALONE NET PROFIT 32.68 BILLION RUPEES VERSUS PROFIT OF 12.94 BILLION RUPEES LAST YEAR.  Full Article

Thyssenkrupp says developments will not affect planned JV with Tata Steel
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Thyssenkrupp ::BOARD MEMBER, IN LETTER TO EMPLOYEES, SAYS THE CURRENT DEVELOPMENTS WILL NOT HAVE ANY IMPACT ON THE INTENDED PARTNERSHIP WITH TATA STEEL EUROPE <<>>.  Full Article

Tata Steel To Continue Talks With European Commission On JV With Thyssenkrupp
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Tata Steel Ltd ::SAYS TATA STEEL TO CONTINUE DISCUSSIONS WITH EUROPEAN COMMISSION ON PROPOSED JOINT VENTURE WITH THYSSENKRUPP."COMMITTED TO CONTINUED CONSTRUCTIVE ENGAGEMENT WITH THE EC IN THE FOLLOWING MONTHS AS PART OF THE NEXT PHASE OF THIS REVIEW PROCESS".  Full Article

Tata Steel Says Q2 Standalone Production Of 3.27 Mln Tonnes Vs 3.20 Mln Tonnes
Monday, 8 Oct 2018 

Oct 8 (Reuters) - Tata Steel Ltd ::SAYS Q2 STANDALONE PRODUCTION OF 3.27 MILLION TONNES VERSUS 3.20 MILLION TONNES.SAYS Q2 TATA STEEL EUROPE PROVISIONAL PRODUCTION OF 2.46 MILLION TONNES VERSUS 2.60 MILLION TONNES.Q2 FY19 PRODUCTION IN EUROPE WAS IMPACTED BY SHUTDOWNS FOR ONGOING UPGRADATION PROGRAM, ANNUAL MAINTENANCES IN SEASONALLY WEAKER QUARTER.Q2 FY19 PRODUCTION IN EUROPE WAS ALSO IMPACTED BY TWO UNPLANNED OUTAGES.SAYS Q2 TATA STEEL SOUTH-EAST ASIA PROVISIONAL PRODUCTION OF 0.55 MILLION TONNES VERSUS 0.61 MILLION TONNES.Q2 FY19 DELIVERIES WERE LOWER DUE TO LOWER PRODUCTION; FURTHER IMPACTED BY SEASONALITY.SAYS Q2 BHUSHAN STEEL PROVISIONAL PRODUCTION OF 1.05 MILLION TONNES VERSUS 0.85 MILLION TONNES.  Full Article

Thyssenkrupp Deputy Chairman Says Uncertainty Among Workers Rising
Monday, 24 Sep 2018 

Sept 24 (Reuters) - Thyssenkrupp ::DEPUTY CHAIRMAN TELLS REUTERS NEED QUICK SOLUTION FOR COMPANY AS A WHOLE, UNCERTAINTY AMONG WORKERS IS NOTICEABLY RISING.  Full Article

India's Tata Steel Says To Buy Steel Business Of Usha Martin
Saturday, 22 Sep 2018 

Sept 22 (Reuters) - India's Tata Steel ::SAYS SIGNS DEFINITIVE AGREEMENTS TO BUY STEEL BUSINESS OF USHA MARTIN LTD <<>> THROUGH A SLUMP SALE ON A GOING CONCERN BASIS.SAYS CO OR ANY OF ITS SUBSIDIARIES OR AFFILIATES MAY CARRY OUT ACQUISITION AT CLOSING.  Full Article

Tata Sons Says NCLT Order Vindicates Position Of Tata Trusts & Tata Sons
Monday, 9 Jul 2018 

July 9 (Reuters) - Tata Sons Ltd::WELCOMES NCLT ORDER.SAYS ORDER OF NCLT VINDICATES POSITION OF TATA TRUSTS AND TATA SONS.TATA SONS HOPES THAT FINALITY WILL BE GIVEN TO JUDGEMENT OF NCLT BY ALL CONCERNED IN LARGER INTEREST OF COMPANIES, SHAREHOLDERS AND PUBLIC.JUDGEMENT RE-AFFIRMED, VINDICATED THAT TATA SONS AND ITS COMPANIES HAVE ALWAYS ACTED IN A FAIR MANNER.  Full Article

Tata Steel Q1 India Production 3.17 Mln Tonnes
Friday, 6 Jul 2018 

July 6 (Reuters) - Tata Steel Ltd ::Q1 FY19 INDIA PRODUCTION 3.17 MILLION TONNES.Q1 FY19 EUROPE PRODUCTION 2.81 MILLION TONNES.Q1 FY19 SOUTH EAST ASIA PRODUCTION 0.52 MILLION TONNES.Q1 FY19 PRODUCTION IS HIGHER THAN Q4 FY18 MAINLY DUE TO BETTER PLANT AVAILABILITY AT KALINGANAGAR.PRODUCTION IN Q1 FY19 IN SOUTH EAST ASIA IS LOWER COMPARED TO Q4 DUE TO PLANNED ANNUAL SHUTDOWNS AT TATA STEEL THAILAND.  Full Article

Thyssenkrupp CFO Says Closing Of JV Deal With Tata Steel Could Happen In Q4 Or Q1
Saturday, 30 Jun 2018 

June 30 (Reuters) - Thyssenkrupp ::THYSSENKRUPP TKAG.DE CFO SAYS NEW TATA JOINT VENTURE WILL HAVE ONE BALANCE SHEET, ONE CASH FLOW.THYSSENKRUPP CFO WAS ASKED ABOUT POTENTIAL STATUS OF TATA STEEL'S TISC.NS DUTCH OPERATIONS.CFO SAYS WE CAN SELL OR TRANSFER OUR RIGHT TO INITIATE IPO OF STEEL JOINT VENTURE.CFO SAYS EXPECT THE BIGGEST PART OF THE SYNERGIES TO BE REALISED WITHIN FIRST THREE YEARS OF THE JV.CFO SAYS CASH FLOW OF TATA STEEL'S DUTCH OPERATIONS IS NOT EXCLUSIVELY RESERVED FOR INVESTMENTS IN DUTCH BUSINESS.CFO SAYS CLOSING OF JV DEAL WITH TATA STEEL <<>> COULD HAPPEN IN Q4 OR Q1, DEPENDING ON HOW DISCUSSIONS WITH EUROPEAN COMMISSION GO.  Full Article

Thyssenkrupp, Tata Steel sign agreement to create steel JV
Saturday, 30 Jun 2018 

June 30 (Reuters) - Thyssenkrupp ::TATA STEEL AND THYSSENKRUPP SIGN A DEFINITIVE AGREEMENT TO CREATE A NEW EUROPEAN STEEL CHAMPION.SAYS JV WITH TATA STEEL IS THE ONLY SOLUTION TO CREATE SIGNIFICANT ADDITIONAL VALUE OF AROUND 5 BILLION EUROS FOR BOTH.SAYS HAS THE RIGHT TO EXCLUSIVELY DECIDE ON THE TIMING FOR A POTENTIAL IPO OF JV WITH TATA STEEL <<>>.SAYS RESPECTIVE EMPLOYEE REPRESENTATION STRUCTURES IN EUROPEAN COUNTRIES AND A EUROPEAN WORKS COUNCIL (EWC) WILL BE RETAINED.SAYS THERE WILL BE OPPORTUNITIES IN CAPITAL EXPENDITURE MANAGEMENT AND WORKING CAPITAL OPTIMISATION TO REALIZE ADDITIONAL SYNERGIES.SAYS BOARD WILL PRESENT THE REFINED STRATEGY TO THE SUPERVISORY BOARD IN AN EXTRAORDINARY MEETING IN THE WEEK BEGINNING JULY 9, 2018.  Full Article

EU mergers and takeovers (Nov 19)

BRUSSELS, Nov 19 The following are mergers under review by the European Commission and a brief guide to the EU merger process: