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Tata Steel Limited
Sector:Steel Steel - Flat Products
Market Lot: 1Face Value: 10ISIN Demat: INE081A01012
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Business Profile
Tata Steel (TATASTL), formerly Tata Iron and Steel Company, is India`s largest integrated private sector steel company. Established in 1907, its steel plant at Jamshedpur produces four million tons of hot and cold rolled flat and long products. Tata Steel`s operations are grouped under strategic profit centers like steel making, tubes, growth shop (for its steel plant and material handling equipment), bearings, ferro alloys and minerals, rings, agrico and wires.

With its competitive advantage in raw materials, efficient operations and USD 2.3 billion modernization program, Tata Steel is among the lowest cost steel producers in the world. The company has technological and strategic tie-ups with world leaders such as Thyssen, Nippon Steel, Hitachi and many more.

In an attempt to decommoditise steel, the company has introduced brands like Tata Steelium (India`s first branded cold rolled steel), Tata Shaktee,..etc. It has opened its first steel retail outlet named Steel Junction. The retail outlet would provide a one-stop destination for consumers intending to go steel shopping.

The company intends to raise its capacity to 15 million tons per annum by 2010 through organic growth and acquisitions. A 6 MT greenfield plant is to be developed in Orissa (to be commissioned in 2010) and another 2.4 MT capacity expansion will be taken up in Jamshedpur (to be completed in 2008). It is planning to set up a greenfield ferro chrome project with an investment of USD 120 million at Richards Bay in South Africa.

The company reported fall of 99.91% in consolidated net profit on y-o-y basis to Rs 9.21 billion, while total income dropped 100.00% y-o-y basis to Rs 0.00 million for the quarter ended June 2017.

Recent Developments
Tata Steel and thyssenkrupp AG have signed a Memorandum of Understanding to create a leading European steel enterprise by combining the flat steel businesses of the two companies in Europe and the steel mill services of the thyssenkrupp group.

Tata Steel UK today announced it has completed the sale of its 42- and 84- inch pipe mills in Hartlepool to Liberty House Group.

Tata Steel has divested its entire equity stake in a 50% joint venture, Tata Elastron S.A. to Elastron S.A. The company had entered into sale agreement on July 10, 2017.

The recently commissioned ferro-chrome plant of Tata Steel at Gopalpur Industrial Park in Ganjam district of Odisha, has achieved a major milestone with the first ever production of ferro-chrome on February 25, 2017, with compliance to all technical parameters.

Tata Steel UK has Thursday signed a definitive sale agreement to sell its Speciality Steels business to Liberty House Group for a total consideration of pound 100 million.

Tata Steel swung to a profit for the quarter ended December 2016. During the quarter, the company reported a profit of Rs 2,319.00 million compared with a loss of Rs 27,477.20 million in the same quarter last year.

Tata Steel has today executed definitive agreements with Creative Port Development Private (CPDPL) and their promoters for the proposed development of ''Subarnarekha Port'' at Chaumukh village of Balasore district in Odisha.

North Eastern Carrying Corporation has been awarded contracts worth Rs 4 billion from Tata Steels for transportation of their raw materials and mining products from their Joda and Sukinda mines situated in Odisha.

In Brief

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