TATA STEEL LTD. - 500470 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Advertisement - Results for the quarter and half year ended September 30, 202202-11-2022
02-11-2022
TATA STEEL LTD. - 500470 - Disclosure Of Related Party Transactions Of Tata Steel Limited For The Half Year Ended September 30, 2022
Disclosure of Related Party Transactions of Tata Steel Limited for the half year ended September 30, 202202-11-2022
Neutral Tata Steel; target of Rs 94: Motilal Oswal
Motilal Oswal recommended Neutral rating on Tata Steel with a target price of Rs 94 in its research report dated November 01, 2022.02-11-2022
Tata Steel to supply 1,200 tonnes of branded slag aggregates
To be used for building roads in Arunachal Pradesh02-11-2022
TATA STEEL LTD. - 500470 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio / Video recording of Tata Steel 2QFY23 Earnings Discussion02-11-2022
Results Earnings Call for Q2FY23 of Tata Steel
Conference Call with Tata Steel Management and Analysts on Q2FY23 Performance and Outlook. Listen to the full earnings transcript.01-11-2022
Tata Steel shares to be in focus after Q2 profit plummets 87%
Consolidated revenue remained flat with a marginal decline of one percent year-on-year to Rs 59,878 crore.01-11-2022
Jamshed J Irani, known as the Steel Man of India, passes away at 85
Jamshed J Irani, known as the steel man of India, died in Jamshedpur late Monday night, Tata Steel said. He was 85. Irani was associated with Tata Steel for over four decades. He retired from the board of Tata Steel in June 2011, leaving behind a legacy of 43 years, which won him and the Company international acclaim in various fields. Born on June 2, 1936 in Nagpur to Jiji Irani and Khorshed Irani, Dr Irani completed his BSc from Science College, Nagpur in 1956 and MSc in Geology from the Nagpur University in 1958. He then went to the University of Sheffield in UK as a J N Tata scholar, where he secured a Masters in Metallurgy in 1960, and a PhD in Metallurgy in 1963. He started his professional career with the British Iron and Steel Research Association in Sheffield in 1963, but always yearned to contribute to the Nation's progress. He returned to India to join The Tata Iron and Steel Company (now Tata Steel), as it was then known, in 1968, and joined the firm as Assistant to th01-11-2022
TATA STEEL LTD. - 500470 - Announcement under Regulation 30 (LODR)-Change in Directorate
The Board, based on the recommendation of the NRC, has approved the re-appointment of Mr. Koushik Chatterjee as the WTD31-10-2022
Q2FY23 Quarterly Result Announced for Tata Steel Ltd.
Iron & steel manufacturing company Tata Steel announced Q2FY23: Consolidated Revenues stood at Rs 59,878 crore and consolidated EBITDA at Rs 6,271 crore, with an EBITDA margin of ~10%. Consolidated Profit after tax stood at Rs.1,297 crore. Net debt of Rs.71,753 crore, Net Debt to EBITDA at 1.37x and Net Debt to Equity at 0.63x. The 6 MTPA Pellet plant will be commissioned in 3QFY23 and will be followed by the Cold Roll Mill complex in phases. The 5 MTPA expansion at Kalinganagar is on track for commissioning by the end of FY24. Neelachal Ispat Nigam Limited’s blast furnace was restarted in October, within 3 months of the completion of the acquisition and is being ramped up. Tata Steel Board has approved the amalgamation proposal of seven listed and unlisted entities into Tata Steel, a value-accretive merger with multiple benefits. Work has commenced on setting up a 0.75 MTPA Electric Arc Furnace (EAF) in Punjab, which will leverage the growth in the construction segment and is an essential milestone in our transition to net zero. India: Deliveries were higher by 21% QoQ and 7% YoY primarily driven by domestic record deliveries. Turnover was Rs 34,114 crore. Reported EBITDA stood at Rs.4,907 crore, which translates to an EBITDA per ton of Rs 9,986. Europe operations: Deliveries were lower on a QoQ basis, in part due to seasonal factors and subdued demand in Europe. Turnover was £ 2,307 million and EBITDA was £ 199 million, which translates to an EBITDA per ton of £ 106. Mr. T V Narendran, Chief Executive Officer & Managing Director: “Concerns about a slowdown in key economies, persisting geopolitical issues coupled with seasonal factors led to a volatile operating environment. Despite these headwinds, Tata Steel registered the best-ever domestic sales in India enabled by a strong product portfolio and an extensive distribution network which services end-to-end requirements in chosen segments. Our 6 MTPA pellet plant at Kalinganagar is coming onstream shortly and will deliver significant benefits by reducing costs. We will begin the phased commissioning of the 2.2 MTPA state-of-the-art Cold Rolling Mill complex and the 5 MTPA capacity expansion at Kalinganagar thereafter. Despite multiple challenges, we were successful in commissioning Neelachal Ispat Nigam Limited (NINL) within 3 months of acquisition and the ramp-up is progressing well. I am happy to announce that we have commenced work at our new 0.75 MTPA Electric Arc Furnace (EAF) in Punjab, strategically located in proximity to the market and the scrap-generating auto hub in North India. We will set up more EAFs in the country, which will enable capacity augmentation and along with NINL expansion, will drive growth in our high-margin retail business. Our EAF expansion is an important milestone in our sustainability journey and part of the multiple initiatives we are pursuing to achieve net zero by 2045. Further, in the Netherlands, Tata Steel along with its customers has embarked on the journey to be carbon neutral through Zeremis® – a flexible solution that lets you choose the carbon emission intensity reduction” Mr. Koushik Chatterjee, Executive Director and Chief Financial Officer: “Globally, gross steel spreads declined amidst concerns about global recovery and elevated input costs including energy. Our Consolidated revenues for the quarter stood at Rs 59,878 crores and our consolidated EBITDA stood at Rs 6,271 crores, with a Consolidated EBITDA margin of 10% and a Standalone EBITDA margin of 16%. The utilisation of a high-cost inventory of raw materials and steel coincided with a drop in realisations resulting in margin decline across geographies. Consolidated PAT for the quarter stood at Rs 1,297 crores. In India, Standalone revenue stood at Rs 32,245 crores and was broadly similar on a QoQ basis due to higher volumes. Standalone EBITDA was Rs 5,135 crores. In Europe, our EBITDA stood at £199 million, which translates to an EBITDA per ton of £106. The operating environment though should gradually improve in 2HFY23 on government measures and restocking. The margins should benefit across geographies from a gradual recovery in Indian markets and favourable movement in raw material prices, especially Coking coal. Energy costs in Europe continue to remain a key watchpoint. We continue to remain focused on cost optimisation, operational improvements and working capital management to maximise cashflows. Our liquidity position continues to be strong and credit metrices remain at Investment grade levels. The proposed merger of seven listed and unlisted entities to be value accretive by enabling faster growth, optimal resource use and will provide greater liquidity to shareholders” Result PDF31-10-2022