Tata Steel Ltd is down for a fifth straight session today. The stock is quoting at Rs 159.44, down 2.99% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.64% on the day, quoting at 24954.55. The Sensex is at 81485.85, up 0.54%.Tata Steel Ltd has added around 6.67% in last one month.Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has increased around 7.36% in last one month and is currently quoting at 9886.3, down 1.19% on the day. The volume in the stock stood at 554.27 lakh shares today, compared to the daily average of 552.7 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 160.14, down 3.23% on the day. Tata Steel Ltd jumped 28.74% in last one year as compared to a 27.89% rally in NIFTY and a 46.96% spurt in the Nifty Metal index.The PE of the stock is 12.52 based on TTM earnings ending June 24.Powered by Capital Market - Live

The equity benchmarks traded with minor gains in morning trade. The Nifty traded above the 25,000 mark. IT shares extended gains for the second consecutive trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex added 146.11 points or 0.18% to 81,834.56. The Nifty 50 index added 8.90 points or 0.04% to 25,023.50. The broader market underperformed the frontline indices, the S&P BSE Mid-Cap index fell 1.15% and the S&P BSE Small-Cap index slipped 2.11%. The market breadth was weak. On the BSE, 870 shares rose and 2,840 shares fell. A total of 159 shares were unchanged. Economy: According to the data released by the Reserve Bank of India (RBI) on Friday, India's forex reserves were at $704.89 billion, having risen by $12.6 billion in the week through Sept. 27 in their biggest weekly increase since mid-July 2023. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) were up by $10.4 billion to $616 billion. Gold reserves reported a surge of $2 billion to $65.7 billion. Meanwhile, SDRs for the week rose marginally by $8 million to stand at $18.547 billion. Reserve position in the IMF dipped by $71 million to $4.3 billion. Buzzing Index: The Nifty IT index rose 0.68% to 42,197.65. The index rallied 1.04% in two consecutive trading sessions. Mphasis (up 2.32%), LTIMindtree (up 2.32%), Persistent Systems (up 2.11%), Coforge (up 1.31%), Infosys (up 0.9%), HCL Technologies (up 0.64%), Tata Consultancy Services (up 0.59%), L&T Technology Services (up 0.42%), Wipro (up 0.39%) and Tech Mahindra (up 0.15%) advanced. Stocks in Spotlight: Tata Steel shed 0.90%. The companny said that in Q2 FY25, the crude steel production of India division stood at 5.27 million tons (up 5% YoY) and deliveries were 5.10 million tons (up 6% YoY). Avantel jumped 6.31% after the company reported 42.44% increase in consolidated net profit to Rs 22.89 crore in Q2 FY25 as compared with Rs 16.07 crore in Q2 FY24. The company's revenue from operations jumped 42.5% YoY to Rs 77.42 crore in Q2 FY25. Bandhan Bank added 0.45%. The company has reported 21.4% increase in loans & advances to Rs 1,30,652 crore for the three month period ended on 30 September 2024 from Rs 1,07,633 crore recorded during the same period last year.Powered by Capital Market - Live

On a sequential basis, while the steel production volume has remained flat, deliveries have increased by 3%. The 'automotive & special products' vertical deliveries for the quarter were marginally lower on YoY basis. 'Branded products & retail' vertical deliveries for the quarter rose 3% YoY driven by performance of well-established brands. 'Industrial products & projects' vertical deliveries for the quarter increased by 4% YoY, with strong growth across value accretive segments, especially engineering. Revenues from Tata Steel Aashiyana, an e-commerce platform for Individual Home Builders, were Rs. 1,263 crore. The growth of the platform was aided by various strategic initiatives including migration to inhouse transaction platform. In September 2024, Tata Steel India successfully commissioned India's largest blast furnace at Kalinganagar. With the ramp up of Kalinganagar facilities, India crude steel capacity will increase to 26.6 MTPA. For H1 FY25, crude steel production of Tata Steel India was 10.53 million tons (up 5% YoY) and added up to 10.04 million tons (up 4% YoY). Tata Steel Netherlands liquid steel production stood at 1.68 million tons, up 41% YoY. Deliveries at 1.57 million tons (up 28% YoY) include volumes to UK operations of around 0.19 million tons. Tata Steel UK liquid steel production stood at 0.38 million tons (down 50% YoY) while deliveries were around 0.64 million tons (down 12% YoY). Operations have ceased at the remaining blast furnace at Port Talbot paving the way for the next generation of green steelmaking. In Q2 FY25, Tata Steel Thailand has recorded production and deliveries of 0.30 million tons (up 7% YoY) and 0.28 million tons (flat on YoY basis), respectively. Tata Steel Group is among the top global steel companies with an annual crude steel capacity of 35 million tons per annum. The steel major's consolidated net profit surged 51.37% to Rs 959.61 crore in Q1 FY25 as against Rs 633.95 crore reported in Q1 FY24. Total revenue from operations fell 7.93% year on year (YoY) to Rs 54,771.39 crore in the quarter ended 30 June 2024. The scrip rose 0.48% to currently trade at Rs 167.55 on the BSE. Powered by Capital Market - Live

Tata Steel Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 164.36, up 1.67% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 26094.2. The Sensex is at 85475.02, up 0.36%. Tata Steel Ltd has added around 6.24% in last one month. Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has added around 4.97% in last one month and is currently quoting at 9777.15, up 1.27% on the day. The volume in the stock stood at 472.6 lakh shares today, compared to the daily average of 413.25 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 164.9, up 1.9% on the day. Tata Steel Ltd is up 28.26% in last one year as compared to a 32.35% gain in NIFTY and a 46.1% gain in the Nifty Metal index.The PE of the stock is 12.32 based on TTM earnings ending June 24.Powered by Capital Market - Live

Tata Steel Ltd rose for a third straight session today. The stock is quoting at Rs 160.28, up 4.08% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.06% on the day, quoting at 25955.35. The Sensex is at 84997.01, up 0.08%. Tata Steel Ltd has added around 2.94% in last one month. Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has added around 1.98% in last one month and is currently quoting at 9454.85, up 2.37% on the day. The volume in the stock stood at 901.02 lakh shares today, compared to the daily average of 355.32 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 160.42, up 4.19% on the day. Tata Steel Ltd is up 25.81% in last one year as compared to a 31.92% gain in NIFTY and a 43.3% gain in the Nifty Metal index.The PE of the stock is 11.73 based on TTM earnings ending June 24.Powered by Capital Market - Live

With a total investment of Rs 27,000 crore, the Phase II expansion at Kalinganagar will take the total capacity at the site from 3 million tonnes per annum (MTPA) to 8 MTPA The new blast furnace will significantly boost the plant's overall production capabilities, allowing the company to meet the growing demands of various industries, including automotive, infrastructure, power, shipbuilding, and defence. It will also provide advantages in specific areas like oil & gas, lifting & excavation, and construction. Key facilities in phase II expansion at Kalinganagar also include a pellet plant, coke plant, and cold rolling mill, each incorporating advanced technologies and sustainable practices. 'With the Phase II expansion, Odisha has emerged as the largest investment destination in India for Tata Steel, with a total cumulated investment of over Rs 100,000 crore in the last 10 years,' the company stated in regulatory filing. T. V. Narendran, CEO and managing director, Tata Steel, said, 'The commissioning of India's largest blast furnace at Kalinganagar is a momentous occasion for the steel industry, setting new benchmarks in capacity, technology, and sustainability. A key enabler of socio-economic development in the region, the expansion not only strengthens Tata Steel's position as a leader in high-end, value-added steel segments but also showcases our advanced engineering prowess. It underscores our commitment to boosting private investment in India, aligning with the nation's vision for self-reliance and sustainable industrial growth. On behalf of Tata Steel, I thank the Government of Odisha for their unwavering support and applaud the collective efforts of our employees, suppliers & vendor partners, and all other stakeholders in enabling this significant milestone.' Tata Steel Group is among the top global steel companies with an annual crude steel capacity of 35 million tons per annum. The steel major's consolidated net profit surged 51.37% to Rs 959.61 crore in Q1 FY25 as against Rs 633.95 crore reported in Q1 FY24. Total revenue from operations fell 7.93% year on year (YoY) to Rs 54,771.39 crore in the quarter ended 30 June 2024. The scrip advanced 1.64% to ends at Rs 152.05 on Friday, 21 September 2024. Powered by Capital Market - Live

Tata Steel today successfully commissioned India's largest blast furnace at Kalinganagar, Odisha. With a total investment of Rs 27,000 crore, the Phase II expansion at Kalinganagar will take the total capacity at the site from 3 million tonnes per annum (MTPA) to 8 MTPA. The new facility was inaugurated by T. V. Narendran, CEO and Managing Director, Tata Steel, in the presence of senior leaders of the Company. The new blast furnace will significantly boost the plant's overall production capabilities, allowing Tata Steel to meet the growing demands of various industries, including automotive, infrastructure, power, shipbuilding, and defence. It will also provide advantages in specific areas like oil & gas, lifting & excavation, and construction. With the Phase II expansion, Odisha has emerged as the largest investment destination in India for Tata Steel, with a total cumulated investment of over Rs 100,000 crore in the last 10 years. The new blast furnace, with a volume of 5,870 m3 , is equipped with state-of-the-art features for long campaign life and an eco-friendly design to optimise the steelmaking process. This blast furnace will utilise four top combustion stoves, a first in India, along with two preheating stoves for optimum specific fuel consumption in hot metal production. In a first for Tata Steel, a dry gas cleaning plant has been installed to maximise energy recovery from by-product gas. The world's largest Top Gas Recovery Turbine (TRT) of 35 MW power generation capacity will help with the recovery of an additional 10% of energy. An evaporative cooling system is being employed for the first time in an Indian blast furnace, optimising space footprint while lowering specific water and power consumption by approximately 20% compared to conventional designs. The blast furnace will also have a zero-process water discharge plan with rainwater harvesting. Powered by Capital Market - Live

Alongside its planned '750 million investment, Tata Steel has put its significant global engineering and project capabilities behind this project, which will benefit from an additional '500 million in UK Government Grant Funding. The Tata Group company has already launched public consultation on specific activities and is working closely with the authorities to apply for planning approvals by November 2024, with a view to commencing large scale site work around July 2025. The EAF is expected to be operational within three years. T V Narendran, chief executive officer and managing director, Tata Steel, said: 'With the UK government's critical support, this complex and ambitious transformation of Port Talbot has the potential to make the plant one of Europe's premier centres for green steelmaking. I would like to thank the UK Steel Committee and various departments of the UK and Welsh governments for their support in reaching this agreement. We now look forward to the efficient and speedy execution of the EAF project. We will also continue our work with the Transition Board and the UK and Welsh governments to enable this project to be a catalyst for economic regeneration and job creation in South Wales.' Tata Steel Group is among the top global steel companies with an annual crude steel capacity of 35 million tons per annum. The steel major's consolidated net profit surged 51.37% to Rs 959.61 crore in Q1 FY25 as against Rs 633.95 crore reported in Q1 FY24. Total revenue from operations fell 7.93% year on year (YoY) to Rs 54,771.39 crore in the quarter ended 30 June 2024. The scrip added 2.43% to end at Rs 151.75 on the BSE. Powered by Capital Market - Live

Tata Steel announced that it has signed a '500 million Grant Funding Agreement with the UK Government allowing it to proceed at pace with the project to install a state-of-the-art Electric Arc Furnace at the Port Talbot steelworks in Wales. As the largest investment in the UK steel industry for decades, the '1.25 billion project will safeguard UK's steel sovereignty, secure steel making in Port Talbot and preserve 5,000 jobs. The new assets will reduce the UK's entire industrial carbon emissions by 8% (and Port Talbot's by 90%) while setting a benchmark in circularity, utilising UK scrap. Alongside its planned '750 million investment, Tata Steel has put its significant global engineering and project capabilities behind this project, which will benefit from an additional '500 million in UK Government Grant Funding. Basic engineering is now complete, and equipment orders will be placed shortly for the Electric Arc Furnace (EAF) and ladle metallurgy furnaces, a new coil box and crop shear for the hot strip mill, a cranes package, and for construction management and civil engineering. Tata Steel has already launched public consultation on specific activities and is working closely with the authorities to apply for planning approvals by November 2024, with a view to commencing large scale site work around July 2025. The EAF is expected to be operational within three years Despite the challenges inherent in the transformation, the company's workforce has demonstrated great commitment and resilience to wind down and close the Blast Furnace #5 operations and Morfa coke ovens smoothly and safely in recent months. Plans are progressing to close Blast Furnace #4 and the wider heavy-end operations at Port Talbot by the end of September, with supply chain arrangements in place to serve customers through the transition period until the EAF is commissioned. T V Narendran, Tata Steel Chief Executive Officer and Managing Director, said: 'With the UK government's critical support, this complex and ambitious transformation of Port Talbot has the potential to make the plant one of Europe's premier centres for green steelmaking. I would like to thank the UK Steel Committee and various departments of the UK and Welsh governments for their support in reaching this agreement. We now look forward to the efficient and speedy execution of the EAF project. We will also continue our work with the Transition Board and the UK and Welsh governments to enable this project to be a catalyst for economic regeneration and job creation in South Wales.'Powered by Capital Market - Live

Tata Steel Ltd gained 2.67% today to trade at Rs 152.1. The BSE Metal index is up 1.24% to quote at 31093.44. The index is up 1.03 % over last one month. Among the other constituents of the index, National Aluminium Company Ltd increased 2.42% and NMDC Ltd added 2.3% on the day. The BSE Metal index went up 34.26 % over last one year compared to the 21.44% surge in benchmark SENSEX. Tata Steel Ltd has added 2.15% over last one month compared to 1.03% gain in BSE Metal index and 3.77% rise in the SENSEX. On the BSE, 2.77 lakh shares were traded in the counter so far compared with average daily volumes of 26.81 lakh shares in the past one month. The stock hit a record high of Rs 184.6 on 18 Jun 2024. The stock hit a 52-week low of Rs 114.25 on 02 Nov 2023.Powered by Capital Market - Live