Company: Tata Steel Ltd. Category: Result Analysis

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

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

Tata Steel (TATA) and ThyssenKrupp AG signed a MoU to form a 50:50 Joint Venture (JV) for merger of flat steel operations of both the entities in Europe and the steel mill services of the ThyssenKrupp Group.
Sept. 21, 2017, 12:49 p.m.

We see the MoU between Tata Steel (TSL) and ThyssenKrupp (TK) to combine their European steel operations as mutually rewarding as not only will it aid consolidation in the European steel sector, but could likely pare debt from both partners’ balance sheets.
Sept. 21, 2017, 12:33 p.m.

Tata Steel (TATA) reported mixed set of Q1FY18 earnings. Though reported EBITDA came ahead of our estimates at Rs49.7bn (PLe:Rs44.7bn); it met the estimates after adjusting for forex gain of Rs5.4bn. India operations missed our estimate by 9% due to higher than expected costs.
Aug. 23, 2017, 5:09 p.m.