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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 disclosed rise of 8.06% in consolidated net profit on y-o-y basis to Rs 10.46 billion, while total income rose 2.92% y-o-y basis to Rs 336.72 billion for the quarter ended December 2017.

Recent Developments
T S Global Holdings (TSGH) (an indirect wholly owned subsidiary of Tata Steel) has executed definitive agreements with HBIS Group (HBIS) controlled entity to divest its entire equity stake in NatSteel Holdings (NSH) and Tata Steel (Thailand) Public Company (TSTH).

Tata Steel announced that it has executed definitive agreements for acquisition of the steel business of Usha Martin (UML) through a Slump Sale on a going concern basis. The closing of the acquisition is subject to fulfilment of various conditions under the agreements. At the closing, Tata Steel or any of its subsidiaries or affiliates may carry out this acquisition.

Tata Steel has concluded the acquisition of 51% equity stake in Creative Port Development (CPDPL). The stock had outperformed the market over the past one month till Sep. 18, 2018, rising 6.04%

Tata Steel (TSL, BB/Rating Watch Evolving) acquisition of a controlling stake in Bhushan Steel is likely to raise TSL's leverage over the next two to three years, which will offset the benefits to its credit profile from the resultant increase in market share in India as well as reduced exposure to structural weaknesses in Europe, says Fitch Ratings.

Domestic giant Tata Steel on Tuesday said it will raise Rs 165 billion through debt instruments to fund Rs 325 billion acquisition of Bhushan Steel.

YES BANK has recovered an amount of Rs 1.84 billion, against an original claim filed for Rs 3.25 billion, pursuant to the sale of Bhushan Steel to Tata Steel under the recently concluded NCLT / Insolvency and Bankruptcy Code (IBC) proceedings.

Tata Steel has on April 09, 2018 entered into a definitive agreement to subscribe to additional 4.19% equity share of Subarnarekha Port for consideration of Rs 100 million.

Tata Steel announced that it has been declared as the successful resolution applicant by the Committee of Creditors (CoC) of Bhushan Steel on 22 March 2018, subject to obtaining necessary regulatory approvals, including approval from the NCLT and the Competition Commission of India.

In Brief

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