Latest news with #TataSteelIndia
Mint
09-07-2025
- Business
- Mint
Stocks to watch: Tata Steel, Dixon Tech, Tata Motors among shares in focus today amid Trump's tariff deadline extension
Tata Steel India's crude steel output stood unchanged at 5.26 million tons in the quarter ended June 30, compared to the same period last year. The company recorded a 14% year-on-year rise in consolidated crude steel output, totaling 7.26 million tonnes in the first quarter of FY26. The bank reported a 5 per cent year-on-year increase in total business for the first quarter of FY26, rising to ₹ 22.1 lakh crore from ₹ 21.08 lakh crore during the corresponding period last year. The company has entered into a joint venture named Lightanium Technologies Pvt Ltd in collaboration with Signify Innovations India to grow its presence in the lighting sector. The company recorded a 9% year-on-year drop in global wholesales for the first quarter of FY26, with total sales amounting to 2,99,664 units. The company has appointed Saurav Adhikari and Divya Karani as non-executive, non-independent directors, following the conclusion of e-voting on Tuesday, where over 75% of shareholders voted in favor of the appointments. The government has given the green light for the company to set up a special purpose vehicle named KPIN Clean Power Four LLP. The dedicated electric vehicle company has announced the large-scale launch of its in-house developed software, MoveOS 5. This proprietary system is designed for use in both the S1 series of scooters and the newly introduced Roadster X motorcycles. The company plans to increase the galvanisation capacity of its Ranjangaon plant from 40,500 MT to 1,10,000 MT per year by FY27, with an investment of ₹ 170 crore funded through internal accruals and debt. CAMSPay has introduced the CAMSPay New Payment Gateway, capable of handling more than 5,000 transactions per second. This next-generation payment solution is built to meet the evolving needs of businesses in India, addressing key challenges in the rapidly changing payments ecosystem. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
08-07-2025
- Business
- Time of India
Tata Steel Q1 updates: India production flat YoY at 5.26 million tons on plant shutdowns
Tata Steel India's crude steel production remained flat at 5.26 million tons year-on-year in the quarter ended June 30, 2025 while its delivery volumes fell nearly 4% YoY in Q1FY26 at 4.75 million tons versus 4.94 million tons reported by the company in the year ago period. Maintenance related shutdowns in Jamshedpur (reline of G Blast Furnace) as well as at Neelachal Ispat Nigam Limited (NINL), have led to decline in finished goods production adversely impacting deliveries. Operations have since resumed at NINL and the reline of G Blast Furnace is progressing and is expected to be completed in July 2025. Meanwhile, Tata Steel Netherlands also reported flat YoY growth in production volume in the quarter under review at 1.70 million tons and Tata Steel Thailand's production volume increased 6% to 0.33 million tons. The delivery volumes from its Dutch arm marginally grew at 2% YoY at 1.50 million tons. Tata Steel UK's delivery volumes were reported at 0.60 million tons, down 12% from the year ago period. Tata Steel is serving its customers via downstream processing of purchased substrate. Deliveries for the quarter stood at 0.6 million tons. Work on the EAF project is progressing with construction at Port Talbot on course to commence this month. Live Events The numbers are provisional and the actual numbers will be announced in the company's earnings, later. Key highlights of domestic deliveries for the quarter: -- 'Automotive & Special Products' vertical deliveries were around 0.77 million tons and were aided by 4% YoY growth in hi-end products. Tata Steel has received grade approvals for ultra-high strength steel from the recently commissioned continuous annealing facility at Kalinganagar. This places us on par with global leaders with capability to service the need for lightweighting and advanced mobility applications. -- 'Branded Products & Retail' vertical deliveries were 1.46 million tons and of this, Tata Tiscon was 0.48 million tons and Tata Astrum & Tata Steelium together accounted for around 0.81 million tons. -- 'Industrial Products & Projects' vertical deliveries were 1.6 million tons driven by value accretive segments such as Engineering and Ready-to-use solutions. Engineering witnessed a growth of 5% YoY, on account of improved volumes to Oil & Gas and Railways. SmartF@B, our ready-to-use solutions, grew 66% YoY. The updates were announced after market hours and Tata Steel shares today closed at Rs 161.90 on the NSE, down 0.31%.
