Tata Steel records muted production of crude steel in Q2 FY22, overall delivery increased to 12%
The company's India crude steel production rose 2% at 4.73 million tonnes as against 4.63 million tonnes during the previous quarter (Q1FY22).
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The company's India crude steel production rose 2% at 4.73 million tonnes as against 4.63 million tonnes during the previous quarter (Q1FY22).
Indian indices look on a positive territory with regular foreign capital inflows & strong domestic data.
"Tata Steel plans to invest Rs 3,000 crore in the next three years in Jharkhand with the expansion of capacities of coal and iron ore mines and downstream value-added steel portfolio," Chanakya Choudhary, Vice President - Corporate Services at Tata Steel, told PTI. Choudhary averred Tata Steel was in Jharkhand for the past 114 years and it was home to the steel company.
The company with its larger sustainability objective aims to reduce greenhouse gas emissions in the supply chain, Tata Steel said in the statement.
According to analysts at Edelweiss Securities, an increase in interest rates, taper tantrums in the US, and concerns around inflation pose key macro risks for the metal and mining sector.
One of the leading steel industries of India Tata Steel seems to acquire a total net earning of Rs 53,534.04 crore in the given term.
The growth forecast for India has been cut to 10 percent by Fitch Ratings for the current fiscal.
Tata Steel said it would get employees inoculated as soon as shots are available commercially.
The Supreme Court’s verdict in favour of Tata Group has put an end to the corporate war between Tata Group and the Mistrys.
On the NSE, the share prices surged 5.09 percent and were trading at Rs1,135.90
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