Company: Tata Steel Ltd. Category: IPO Notes

Tata Steel Limited and Thyssenkrupp AG of Germany had signed definitive agreements in June 2018 to combine their business in Europe to create a 50:50 joint venture company which could have become second largest steel company in the European continent.
May 20, 2019, 1 p.m.

Tata Steel Ltd has reported better-than-expected earnings for Q4 and full year FY19 on the back of higher deliveries in India and improved realization across geographies. The company produced record 16.79 Mn tonnes of steel in FY19 which is 35% higher than 12.48 Mn tonnes produced in FY18.
April 29, 2019, 11:38 a.m.

Tata Steel (TATA) reported Q4FY19 earnings in line with our estimates. Adjusted for forex loss, domestic operations reported EBITDA/t in line with our estimate at Rs13,620/t (PLe:Rs13,255/t).
April 26, 2019, 11:44 a.m.

Tata Steel (TATA) reported Q2FY19 earnings above our estimates on the back of beat in standalone operations.
Nov. 14, 2018, 11:17 a.m.

Tata Steel (TATA) reported Q1FY19 earnings above our estimates on the back of beat in TATA Steel Europe (TSE) earnings.
Aug. 14, 2018, 10:15 a.m.

After a gap of nine months of signing MoU, Tata Steel (TATA) and ThyssenKrupp AG finally entered into a definitive agreement to form a 50:50 Joint Venture (JV) for merger of their European steel operations.
July 2, 2018, 11:42 a.m.

Tata Steel (TATA) has signed a definitive agreement with ThyssenKrupp (TK) to spin off its European steel assets into a 50:50 joint venture (JV). This clears the uncertainty around valuations.
July 2, 2018, 11:13 a.m.

Although valuations appear expensive, they are in line with the replacement cost.
Feb. 21, 2018, 1:09 p.m.

Tata Steel: Q2FY18 Result Update
Oct. 31, 2017, 11:43 a.m.

Oct. 31, 2017, 11:41 a.m.
Author : HDFC Sec | Publisher: