Metals and Mining
Company Overview of Tata Steel India Limited
Tata Steel India Limited operates as a subsidiary of Tata Steel Limited.
Key Executives for Tata Steel India Limited
Tata Steel India Limited does not have any Key Executives recorded.
Tata Steel India Limited Key Developments
Tata Steel India Reports Unaudited Earnings Results for Third Quarter and Nine Months Ended Dec. 31, 2017; Announces Production Results for the Third Quarter Ended Dec. 31, 2017
Feb 9 18
Tata Steel India reported unaudited earnings results for third quarter and nine months ended Dec. 31, 2017. For the quarter, the company revenue of INR 155,957.8 million compared to INR 141,060.4 million a year ago. Results before exceptional items, interest, tax and depreciation was INR 46,472.7 million compared to INR 33,925.4 million a year ago. Revenues during the quarter (net off the impact of excise) were higher by 22% year-on-year and 10% quarter-on-quarter primarily due to higher deliveries and improved realizations.
For the nine months, the company revenue of INR 442,384.3 million compared to INR 361,478.3 million a year ago. Results before exceptional items, interest, tax and depreciation was INR 109,765.0 million compared to INR 76,198.6 million a year ago.
Crude steel production grew by 4% year-on-year and 2% quarter-on-quarter to 3.27 million tons in third quarter of 2018. Deliveries grew by 10% year-on-year and 7% quarter-on-quarter to 3.30 million tons in third quarter of 2018, far higher than the steel consumption growth in India of 7% year-on-year and 1% quarter-on-quarter.
Tata Steel India Limited Reports Audited Earnings and Production Results for the Full Year Ended March 31, 2017
Jul 14 17
Tata Steel India Limited reported audited earnings and production results for the full year ended March 31, 2017. For the year, the company reported turnover of INR 532,610 million compared to INR 426,970 million a year ago. CAPEX was INR 31,730 million. Basic earnings per share were INR 33.67 compared to INR 8.05 a year ago. EBITDA was INR 119,530 million compared to INR 77,920 million a year ago. Profit before tax was INR 53,570 million compared to INR 15,430 million a year ago. Profit before tax before exceptional was INR 60,600 million compared to INR 31,930 million a year ago. Profit after tax before exceptional was INR 41,480 million compared to INR 26,050 million a year ago. Profit after tax was INR 34,450 million compared to INR 9,560 million a year ago.
For the year, the company produced hot metal of 13.05 million tonnes compared to 10.65 million tonnes a year ago. Crude steel production was 11.68 million tonnes compared to 9.96 million tonnes a year ago. Saleable steel production was 11.35 million tonnes compared to 9.70 million tonnes a year ago.
Tata Steel May Merge Some Of The Units
Jun 25 17
Tata Steel Limited (BSE:500470) may merge some of its subsidiaries in a review of its assets portfolio even as India’s oldest maker of the alloy looks at brownfield expansion in Odisha, penciling in a demand revival. "Yes, if it makes sense. In the past subsidiaries have become divisions of Tata Steel. Like, the Tube company became the tube division. These are all possibilities," TV Narendran , Managing Director at Tata Steel India Limited and South-East Asia, told Economic Times in an exclusive interview. He was referring to the possibility of merging the units.
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