Announcement • Jul 04
Tata Steel Limited Approves Dividend for the Financial Year Ended March 31, 2026 Tata Steel Limited at its 119th annual general meeting held on July 2, 2026, approved the payment of a dividend of INR 4 per ordinary (equity) share of face value INR 1 each for the financial year ended March 31, 2026. The record date is June 25, 2026. Announcement • May 18
Tata Steel Limited, Annual General Meeting, Jul 02, 2026 Tata Steel Limited, Annual General Meeting, Jul 02, 2026. Announcement • May 07
Tata Steel Limited to Report Q4, 2026 Results on May 15, 2026 Tata Steel Limited announced that they will report Q4, 2026 results on May 15, 2026 Announcement • Apr 22
Tata Steel Limited (BSE:500470) completed the acquisition of an unknown minority stake in TP Adarsh Limited. Tata Steel Limited (BSE:500470) executed the Share Subscription and Shareholders’ Agreement to acquire an unknown minority stake in TP Adarsh Limited on July 30, 2025. A cash consideration will be paid by Tata Steel Limited. As part of consideration, an undisclosed value is paid towards common equity of TP Adarsh Limited. In this connection, the company has executed the Share Subscription and Shareholders’ Agreement with TPREL and TPAL and completed the acquisition, by way of subscription, of 5.9 million equity shares of face value of INR 10/- each of TPAL for an aggregate consideration of INR 59 million. Post this transaction, TPAL has become an indirect associate company of Tata Steel Limited.
The transaction is subject to approval of Tata Steel Limited board. The transaction is approved by the board.
Tata Steel Limited (BSE:500470) completed the acquisition of an unknown minority stake in TP Adarsh Limited on April 21, 2026. Announcement • Mar 31
Tata Steel Limited (BSE:500470) completed the acquisition of Medica TS Hospital Pvt. Ltd. Tata Steel Limited (BSE:500470) agreed to acquire Medica TS Hospital Pvt. Ltd for INR 14.9 million on March 18, 2026. A cash consideration of INR 14.9 million will be paid by Tata Steel Limited. The deal includes 7,40,000 equity shares representing a 49% stake and more than 2.30 crore optionally convertible redeemable preference shares. Upon completion, the acquisition will make Medica TS Hospital a wholly owned subsidiary of Tata Steel. The transaction remains subject to necessary approvals.
Tata Steel Limited (BSE:500470) completed the acquisition of Medica TS Hospital Pvt. Ltd on March 30, 2026. Announcement • Mar 19
Tata Steel Limited (BSE:500470) agreed to acquire Medica TS Hospital Pvt. Ltd for INR 14.9 million. Tata Steel Limited (BSE:500470) agreed to acquire Medica TS Hospital Pvt. Ltd for INR 14.9 million on March 18, 2026. A cash consideration of INR 14.9 million will be paid by Tata Steel Limited. The deal includes 7,40,000 equity shares representing a 49% stake and more than 2.30 crore optionally convertible redeemable preference shares. Upon completion, the acquisition will make Medica TS Hospital a wholly owned subsidiary of Tata Steel. The transaction remains subject to necessary approvals. Announcement • Mar 03
Tata Steel Limited Provides Update on Material Tax Litigation This is further to disclosure dated January 30, 2026 in connection with the reporting of material tax litigation in the corporate governance report of Tata Steel Limited ('Company') for quarter ended December 31, 2025. Background: The Deputy Commissioner of Income Tax, Circle 2(3)(1), Mumbai vide his order dated February 7, 2014 pertaining to FY2008 had disallowed the claim of the Company for an amount of ?518.76 crore towards deduction for interest expenditure under Section 36(1)(iii) of the Income Tax Act, 1961, in respect of loans borrowed and utilized bythe Companyfor acquisition of Corus Group Plc, foreign subsidiary of the Company. Similar disallowance had been made in subsequent years as well from FY2009 to FY2015. The aggregate tax exposure arising from this issue for the entire period from FY2008 to FY2015 is ~?1,901 crore. For the period FY2008,the Company had filed an appeal against the aforementioned order before the Income Tax Appellate Tribunal ('Authority')on May 10, 2016. Present Status: The final hearing in the matter took place before the Authority in the month of November 2025.On February 27, 2026, the Company received a favourable order dated February 20, 2026 from the Authority ('Order') wherein the claim of deduction for interest expenditure was allowed. Accordingly, the tax exposure against the Company will get reduced from ~?1,901 crore to ~?1,686 crore. Further, the Assessing Officer will give effect to this Order of the Authority through a separate order. Subsequently, the Company will make necessary adjustments in its contingent liability disclosure forming part of the financial statements for FY2027. The Company believes that this Order will have persuasive impact on co-related pending litigations on the same issue for the period FY2009 to FY2015 as mentioned above. Announcement • Jan 23
Tata Steel Limited to Report Q3, 2026 Results on Feb 06, 2026 Tata Steel Limited announced that they will report Q3, 2026 results on Feb 06, 2026 Announcement • Dec 11
Tata Steel Limited (BSE:500470) signed a definitive agreement to acquire 50.01% stake in Thriveni Pellets Private Limited from Thriveni Earthmovers Private Limited for approximately INR 6.4 billion. Tata Steel Limited (BSE:500470) signed a definitive agreement to acquire 50.01% stake in Thriveni Pellets Private Limited from Thriveni Earthmovers Private Limited for approximately INR 6.4 billion on December 10, 2025. A cash consideration of up to INR 6.36 billion will be paid by Tata Steel Limited. As part of consideration, up to INR 6.36 billion is paid towards common equity of Thriveni Pellets Private Limited. The consideration is subject to closing adjustments.
For the period ending March 31, 2025, Thriveni Pellets Private Limited reported total revenue of INR 24.79 billion and net loss of INR 451.4 million. As of March 31, 2025, Thriveni Pellets Private Limited reported total common equity of INR 14.73 billion.
The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer board and subject to antitrust regulations. The deal has been approved by the board of Tata Steel Limited. The expected completion of the transaction is within 3 - 4 months. Announcement • Nov 03
Tata Steel Limited to Report Q2, 2026 Results on Nov 12, 2025 Tata Steel Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Announcement • Jul 18
Tata Steel Limited to Report Q1, 2026 Results on Jul 30, 2025 Tata Steel Limited announced that they will report Q1, 2026 results on Jul 30, 2025 Announcement • Jul 03
Tata Steel Limited Approves Declaration of Dividend for the Financial Year 2024-25 Tata Steel Limited approved declaration of dividend of INR 3.60 per ordinary (equity) share of face value of INR 1 each for the financial year 2024-25, at the AGM held on July 2, 2025. Announcement • May 13
Tata Steel Limited, Annual General Meeting, Jul 02, 2025 Tata Steel Limited, Annual General Meeting, Jul 02, 2025. Announcement • May 12
Tata Steel Limited Recommends Dividend for the Financial Year Ended March 31, 2025 Tata Steel Limited at its board meeting held on May 12, 2025, recommended a dividend of INR 3.60 per Ordinary (Equity) Share of face value INR 1 each (360%) to the shareholders of the Company for the financial year ended March 31, 2025. The dividend recommended by the Board of Directors of the Company is subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM) of the Company scheduled to be held on July 2, 2025. The dividend, if approved by the shareholders at the AGM, will be paid, subject to deduction of applicable tax at source, within five days from the date of the AGM. Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has fixed June 6, 2025, as the Record Date for determining the Members entitled to receive the dividend for the financial year ended March 31, 2025. Announcement • Jul 23
Tata Steel Limited to Report Q1, 2025 Results on Jul 31, 2024 Tata Steel Limited announced that they will report Q1, 2025 results on Jul 31, 2024 Announcement • Jul 16
Tata Steel Limited Approves Dividend for the Year 2023-24 Tata Steel Limited at its annual general meeting held on July 15, 2024, approved Declaration of dividend of INR 3.60 per Ordinary (equity) Share of face value INR 1/- each for the FY2023-24. Announcement • May 31
Tata Steel Limited, Annual General Meeting, Jul 15, 2024 Tata Steel Limited, Annual General Meeting, Jul 15, 2024. Announcement • May 30
Tata Steel Limited Recommends Dividend for the Financial Year Ended March 31, 2024, Payable on and from July 19, 2024 Tata Steel Limited at its board meeting held on May 29, 2024, recommended a dividend of INR 3.60 per Ordinary (Equity) Share of face value INR 1 each (360%) to the shareholders of the Company for the financial year ended March 31, 2024. The dividend recommended by the Board of Directors of the Company is subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM) of the Company scheduled to be held on July 15, 2024. The dividend, if approved by the shareholders at the AGM, will be paid, subject to deduction of applicable tax at source, on and from July 19, 2024. Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has fixed June 21, 2024, as the Record Date for determining the Members entitled to receive the dividend for the financial year ended March 31, 2024. Announcement • May 25
Tata Steel Limited to Report Q4, 2024 Results on May 29, 2024 Tata Steel Limited announced that they will report Q4, 2024 results on May 29, 2024 Announcement • Nov 15
Tata Steel Limited Appoints Ashish Anupam as Vice President - Long Products, Effective November 15, 2023 Tata Steel Limited announced the appointment of Mr. Ashish Anupam as the Vice President - Long Products of the Company, effective November 15, 2023. Mr. Ashish Anupam holds a B.E. in Mechanical Degree from BIT, Mesra, Ranchi. He has also completed a General Management Programme from CEDEP (INSEAD, France). He joined Tata Steel Limited as a Graduate Trainee in the year 1991. During his career in Tata Steel, he has worked in various functions and in different capacities/roles including Operations, International Trading, Marketing & Sales, and overall general management within India & Overseas. Mr. Anupam was the President and CEO of NatSteel Holdings Pte. Ltd., Singapore from July 2015, till March 2019. He was also the Chairman of SEAISI (Southeast Asia Iron & Steel Institute) for a period of two years (2016-2018). Prior to being appointed as the Vice President Long Products, he was the Managing Director of Tata Steel Long Products Limited, a listed subsidiary company of Tata Steel Limited. Mr. Anupam serves on several Boards of Tata Steel Group Companies. He is currently the Chairman of the Board of The Siam Industrial Wire Co. Ltd., TSN Wires Co., Tata Steel Thailand Ltd., and Indian Steel & Wire Product Ltd. Announcement • Oct 26
Tata Steel Limited to Report Q2, 2024 Results on Nov 01, 2023 Tata Steel Limited announced that they will report Q2, 2024 results on Nov 01, 2023 Announcement • Jul 15
Tata Steel Limited to Report Q1, 2024 Results on Jul 24, 2023 Tata Steel Limited announced that they will report Q1, 2024 results on Jul 24, 2023 Announcement • Jul 06
Tata Steel Limited Approves Declaration of Dividend for the Financial Year 2022-23 Tata Steel Limited at AGM on July 5, 2023 the company approved Declaration of dividend of INR 3.60 per Ordinary (equity) Share of face value INR 1 each for the Financial Year 2022-23. Announcement • Jun 13
Tata Steel Limited Proposes Dividend for the Financial Year 2022-23 Tata Steel Limited at the Annual General Meeting to be held on July 5, 2023, proposed to declare dividend of INR 3.60 per Ordinary (equity) Share of face value INR 1 each for the Financial Year 2022-23. The Register of Members and Share Transfer Books of the Company will be closed from June 23, 2023 to July 5, 2023 (both days inclusive) for the purpose of payment of dividend and AGM for Fiscal Year 2022-23. Announcement • Jun 10
Tata Steel Limited Announces Cessation of O. P. Bhatt as Independent Director Tata Steel Limited announced that Mr. O. P. Bhatt, completed his second term as Independent Director of company and accordingly ceases to be an Independent Director and a Member of the Board of Directors of the Company. Mr. Bhatt was inducted on the Board of Directors of the Company effective June 10, 2013. Announcement • May 28
Tata Steel Limited Appoints Dr. Shekhar C. Mande as Additional Director (Non-Executive, Independent), Effective on June 1, 2023 Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors (Board) of Tata Steel Limited has on May 27, 2023 unanimously approved the appointment of Dr. Shekhar C. Mande (DIN: 10083454) as an Additional Director (Non-Executive, Independent) effective June 1, 2023 to hold office of Director up to the date of the upcoming Annual General Meeting of the company. Further, the Board has approved the appointment of Dr. Mande as an Independent Director of the Company for a term of 5 years effective June 1, 2023 through May 31, 2028 subject to the approval of the shareholders of the company. Dr. Shekhar C. Mande is a structural and computational biologist and a well-known research scientist. He is a distinguished professor at the Savitribai Phule Pune University, Pune. Prior to this, Dr. Mande was the Director General of the Council of Scientific and Industrial Research (CSIR) and Secretary of the Department of Scientific and Industrial Research (DSIR), Government of India. He is one of India's leading experts in DNA fingerprinting and diagnostics. As Director of the National Centre for Cell Science (NCCS), an autonomous Institute of the Department of Biotechnology, Government of India, Dr. Mande oversaw the launch of the Indian Human Microbiome Initiative in the Northeast. In 2005, he was awarded the Shanti Swarup Bhatnagar Prize for Science and Technology - the most prestigious science award in India - in the category of Biological Sciences. Dr. Mande hold Ph.D. from Indian Institute of Science, Bangalore in Molecular Biophysics. He holds Masters and Bachelor's degree in physics from Nagpur University. Announcement • May 26
Tata Steel Limited, Annual General Meeting, Jun 27, 2023 Tata Steel Limited, Annual General Meeting, Jun 27, 2023, at 12:00 Indian Standard Time. Agenda: To consider notice of the meeting of the equity shareholders of Tata Steel Limited under Sections 230 to 232 of the Companies Act, 2013 (Act) and Rule 6 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (CAA Rules ) (Notice); to consider Statement under Section(s) 102, 230 to 232 and other applicable provisions of the Act and Rule 6 of the CAA Rules, SEBI (Listing Obligations and Disclosure Requirements), 2015 read with applicable SEBI Circulars (`Statement'); and to consider any other matters. Announcement • May 04
Tata Steel Limited Recommends Dividend for the Fiscal Year 2022-23, Payable on and from July 10, 2023 Tata Steel Limited recommended a dividend of INR 3.60 per Ordinary (Equity) Share of INR 1 each (360%) to the shareholders of the Company for the fiscal year 2022-23. The dividend recommended by the Board of Directors of the Company is subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM) of the Company scheduled to be held on July 5, 2023. The dividend, if approved by the shareholders at the AGM, will be paid, subject to deduction of tax at source, on and from July 10, 2023. Announcement • Feb 07
Tata Steel Limited (BSE:500470) agreed to acquire 00.002% stake in Angul Energy Limited. Tata Steel Limited (BSE:500470) agreed to acquire 00.002% stake in Angul Energy Limited on February 6, 2023. Tata Steel Limited will acquire 238 shares of Angul Energy Limited. The transaction has already been approved by Board of Directors of Tata Steel Limited. Announcement • Feb 03
Tata Steel Limited Appoints Ms. Bharti Gupta Ramola as an Independent Director Tata Steel Limited appointed Ms. Bharti Gupta Ramola (DIN: 00356188) as an Independent Director. Announcement • Jan 13
Tata Steel Limited to Report Q3, 2023 Results on Feb 06, 2023 Tata Steel Limited announced that they will report Q3, 2023 results on Feb 06, 2023 Announcement • Dec 13
Government Reportedly Plans to Invite Expressions of Interest for the Divestment of Rashtriya Ispat Nigam The government is planning to invite expressions of interest for the divestment of Rashtriya Ispat Nigam Limited (RINL) and its subsidiary by the end of January 2023. Tata Steel Limited (BSE:500470), JSW Steel Limited (BSE:500228) and Adani Enterprises Limited (BSE:512599) have shown “strong interest” in the entity during the pre-bid consultations held in early December, said people familiar with the development. “We have received very positive responses for RINL during the roadshows. Seven companies, including Tata Steel, Adani Group and JSW Steel, have expressed strong interest,” said one of the persons, who did not wish to be identified. The Centre held a roadshow in November last week for the strategic sale, followed by another round of consultation on December 2, attended by all major steel firms. JSW Steel declined to respond to ET's queries. Queries sent to Tata Steel and Adani Group remained unanswered till press time. Tata Steel CEO TV Narendran was quoted in media reports as saying that the company would be interested in buying the plant, calling it a “great opportunity” because of its coastal location. About 22,000 acres of land owned by RINL is a key attraction for potential bidders, as is its proximity to the Gangavaram Port, which is owned by Adani Group. The valuation of the company is likely to be finalised by December-end, the person said, adding that the government is proposing to sell 100% stake in one go. “We are aiming to divest the entire stake in one go depending on the valuation. These issues are being examined and will be finalised shortly,” said the person. “We are going forward in working out the transaction structure,” Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey told ET, but declined to divulge details. Announcement • Nov 24
Tata Steel Limited Announces Appointment of Bharti Gupta Ramola as Additional Director, Effective November 25, 2022 Tata Steel Limited announced that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors, unanimously approved the appointment of Ms. Bharti Gupta Ramola as an Additional Director (Non-Executive, Independent) effective November 25, 2022 and to hold office as an Independent Director, for a term of 5 years effective November 25, 2022 through November 24, 2027, subject to the approval of the shareholders of the Company. Further, Ms. Ramola has also been appointed as a member of the Audit Committee and Safety, Health and Environment Committee of the Company effective same date. Ms. Bharti Gupta Ramola is an independent director on the Boards of HDFC Life Insurance Company Ltd. and SRF Limited. She serves on the governing body of Lady Shriram College, the Board of Villgro Innovations Foundation, the GP advisory Board of Unitus Impact fund and the Advisory Council of Transforming Rural India Foundation (a Tata Trust initiative). Ms. Ramola was a partner at PwC from 1992 through 2017. In the last 5 years of her career at PwC, she was on the firm's management team in India while holding responsibility for the marketing and brand of the firm. She was a part of the founding teams of many advisory businesses including corporate finance, project finance, change management, infrastructure, government and utilities, and sustainability for PwC in India. She was the first woman and first non-Chartered Accountant to be admitted to a partnership among professional firms in India. She has worked extensively on financial sector policy and the first public-private partnerships in Indian infrastructure. She also led PwC's work on climate change and carbon transactions. She has been featured in multiple publications celebrating women, the latest being the book Thirty Women in Power, edited by Naina Lal Kidwai. Ms. Ramola started her career in 1981 with ICICI and worked with the Nehru Foundation for development in their environmental education division for two years before joining PwC. Her work in financial sector policy inspired her to co-promote the Basix Group of social enterprises in 1996 to focus on rural livelihoods and microfinance. She served on various Basix entity boards as non-executive director. Ms. Ramola holds a postgraduate diploma in management from the Indian Institute of Management, Ahmedabad, and a bachelor's degree (Hons.) in Physics from St. Stephen's College, University of Delhi. Announcement • Nov 15
Vedanta Reportedly Looks to Sell Electrosteel Four years after scooping up ESL Steel Limited (Electrosteel Steels Limited) to make a big splash in the steel industry, Vedanta Limited (NSEI:VEDL) (Vedanta Group) has decided to sell business to focus on its core mining and industrial businesses and deleverage the balance sheet which had a debt of $11.7 billion at March-end, said people with knowledge of the matter. The group has approached steel companies such as ArcelorMittal Nippon Steel India (AMNS), Tata Steel Limited (BSE:500470), JSW Group and Jindal Steel & Power Limited (NSEI:JINDALSTEL), and a select group of financial investors, said the people. Top executives like ArcelorMittal Chief Executive Officer Aditya Mittal have also visited the site along with Vedanta Group officials in recent weeks, they said. Vedanta Group said it did not want to comment on market speculation. ArcelorMittal Nippon Steel and JSW declined to comment. “We don't have any acquisitions under evaluation currently,” Tata Steel Chief Financial Officer Koushik Chatterjee told ET. Mails sent to JSPL did not generate a response till press time. Announcement • Oct 21
Tata Steel Limited to Report Q2, 2023 Results on Oct 31, 2022 Tata Steel Limited announced that they will report Q2, 2023 results on Oct 31, 2022 Announcement • Sep 01
Tata Steel Limited announced a financing transaction Tata Steel Limited announced that it will receive an equity round of funding on August 30, 2022. Announcement • Aug 30
Tata Steel Limited Announces Resignation of David W. Crane as Independent Director Tata Steel Limited announced that Mr. David W. Crane, Independent Director of the Company has conveyed his intention to step down from the Board of the Company with effect from September 5, 2022. Reason for Resignation: Mr. David W. Crane has stated in his letter that he will be joining the United States Department of Energy as the Director of the Office of Clean Energy Demonstration. The said position requires him to step off from all private sector positions. Announcement • Jul 27
Tata Steel Limited (BSE:500470) completed the acquisition of Two 16.5 MVA furnaces in Balasore of Stork Ferro and Mineral Industries Private Limited from Stork Ferro and Mineral Industries Pvt. Ltd.. Tata Steel Limited (BSE:500470) entered into a asset transfer agreement to acquire Two 16.5 MVA furnaces in Balasore of Stork Ferro and Mineral Industries Private Limited from Stork Ferro and Mineral Industries Pvt. Ltd. for INR 1.55 billion on March 30, 2022. Two 16.5 MVA furnaces with annual production capacity of approximately 53 Ktpa located at Balasore, Odisha. transaction is expected to completed in within two months of the asset transfer agreement.
Tata Steel Limited (BSE:500470) completed the acquisition of Two 16.5 MVA furnaces in Balasore of Stork Ferro and Mineral Industries Private Limited from Stork Ferro and Mineral Industries Pvt. Ltd. on July 26, 2022. Announcement • Jul 16
Tata Steel Limited to Report Q1, 2023 Results on Jul 25, 2022 Tata Steel Limited announced that they will report Q1, 2023 results on Jul 25, 2022 Announcement • Jun 29
Tata Steel Limited Approves Declaration of Dividend for the Financial Year 2021-22 Tata Steel Limited at the AGM held on June 28, 2022 approved declaration of Dividend for the Financial Year 2021-22. 51 per fully paid-up Ordinary (equity) Share of face value 10 each; 12.75 per partly paid-up Ordinary (equity) Share of face value 10 each (paid-up 2.504 per share). Announcement • May 21
Tata Steel Limited Announces Cessation of Mallika Srinivasan as Independent Director of the Company Tata Steel Limited announced that as per the terms of appointment, Ms. Mallika Srinivasan (DIN: 00037022), on May 20, 2022 completes her second term as Independent Director of Tata Steel Limited (`the Company') and accordingly ceases to be an Independent Director of the Company. Announcement • Apr 18
Tata Steel Limited to Report Q4, 2022 Results on May 03, 2022 Tata Steel Limited announced that they will report Q4, 2022 results on May 03, 2022 Announcement • Mar 29
Tata Steel Announces Changes to the Board of Directors Based on the recommendations of the Nomination and Remuneration Committee ("NRC"), the Board of Directors ("Board")of Tata Steel Limited at its meeting held on March 28, 2022, considered and unanimously approved the appointment of Mr. Noel Naval Tata (DIN:00024713) as an Additional Director (Non-Executive, Non-Independent) effective March 28, 2022. Further, the Board designated Mr. Noel Naval Tata as the Vice-Chairman of the Board of Directors. Mr. Vijay Kumar Sharma, Non-Executive Director (Non-Independent) has resigned as the Non-Executive Director of the Company effective from March 28, 2022. The Board of Directors took note of his resignation. The Board of Directors of the Company at its meeting held, considered and unanimously approved the appointment of Mr. Vijay Kumar Sharma (DIN: 02449088) as an Additional Director (Non-Executive, Independent). The appointment is effective from March 28, 2022 and is subject to the approval of shareholders. Announcement • Jan 30
Tata Steel Limited to Report Q3, 2022 Results on Feb 04, 2022 Tata Steel Limited announced that they will report Q3, 2022 results on Feb 04, 2022 Announcement • Aug 24
AMNS India Reportedly Plans to Bid for RINL AMNS India Limited is planning to bid for Rashtriya Ispat Nigam Limited (RINL) -- which has already attracted the interest of domestic giant Tata Steel, according to a source. RINL is a special steel making company based in Visakhapatnam, Andhra Pradesh. The company, under the administrative control of the Ministry of Steel, operates a 7.3 million tonne (MT) steel plant in the state. "AMNS India is exploring this option," the source in the know of the development said while replying to a question that if the company would be interested in disinvestment-bound RINL. An email query sent to AMNS India remained unanswered. Tata Steel Limited (BSE:500470) Chief Executive Officer and Managing Director TV Narendran has recently said his company is interested in acquiring RINL, as the plant is strategically located on the eastern coast, and its acquisition will give it more access to the South East Asian markets, where the company already has a presence. Announcement • Aug 19
Tata Steel Commissions Its First Steel Recycling Plant in Rohtak, Haryana As part of its commitment to a sustainable tomorrow, Tata Steel has commissioned its new0.5 MnTPA Steel Recycling Plant at Rohtak, Haryana. The plant has been set up in collaboration with M/s Aarti Green Tech Ltd., as a `Build, Own, Operate' (BOO) partner. It is the first such facility in India, equipped with modern & mechanised equipment such as Shredder, Baler, Material Handler etc. The scrap would be procured from various market segments such as end-of-life vehicles, obsolete households, construction & demolition, industrial etc., through an App FerroHaat®. The scrap would then be processed through mechanised equipment and the high-quality processed scrap would be supplied for downstream steel making. Steel produced through the recycled route entails lower carbon emissions, resource consumption & energy utilisation. Simultaneously, Tata Steel has also launched two new brands - Tata FerroBaled® and Tata FerroShred® for the baled & shredded ferrous scrap produced in its new facility. These products are high quality processed scrap & they promise to provide the much-needed raw material fillip to Indian steel industry by making available quality processed ferrous scrap and reducing the dependency on imports. Both Tata FerroBaled® & Tata FerroShred® promise high cleanliness, low contamination, high bulk density, lower tramp elements & no radioactivity. The products would be accompanied with Test Certificates, another first for the scrap industry, along with value propositions like higher yield, better productivity, lower conversion costs, lower transportation & handling costs and overall a better quality. Announcement • Aug 18
Tata Steel Interested in Acquiring RINL Tata Steel Limited (BSE:500470) is interested in acquiring state-owned Rashtriya Ispat Nigam Limited (RINL), the company's Chief Executive Officer and Managing Director T V Narendran said. RINL, under the Ministry of Steel, owns and operates a 7.3 million tonnes plant in Visakhapatnam, Andhra Pradesh. It holds the distinction of being India''s first shore-based integrated steel plant. The Cabinet Committee on Economic Affairs (CCEA) on January 27, 2021 gave its ''in-principle'' approval for 100% disinvestment of government stake in RINL, also called Visakhapatnam Steel Plant or Vizag Steel, along with RINL''s stake in its subsidiaries/joint ventures through strategic disinvestment by way of privatisation. When asked about Tata Steel''s interest in acquiring RINL, Narendran replied in affirmative. "Yes! Also, because for inorganic growth for long product opportunities. There is a great opportunity because it is east as well as it is south, it is a coastal plant so there are many advantages.," he told PTI. Announcement • Jul 15
Tata Steel, ArcelorMittal Reportedly on Govt's Shortlist of Buyers for Neelachal Ispat The government has shortlisted top steelmakers as potential buyers of Neelachal Ispat Nigam Limited. ArcelorMittal (ENXTAM:MT), JSW Steel Limited (BSE:500228), Megha Engineering & Infrastructures Limited and Tata Steel Limited (BSE:500470) are some of the companies that have been shortlisted after submitting expressions of interest (EoIs), Mint has reported. The bidders are now in the request for proposal (RFP) stage, the report said. "The RFP has been issued with the bidders doing due diligence," a source told the publication. The Department of Investment and Public Asset Management (Dipam) has appointed SBI Capital Markets as the transaction adviser for the disinvestment. Moneycontrol could not independently verify the story. Spokespersons for SBI Capital Markets, JSW Steel and Tata Steel declined to comment when contacted by Mint. A Megha Engineering and Infrastructure spokesperson said, "There is no immediate comment from our side, but the information is correct." Spokespersons for the Ministry of Finance, Dipam and ArcelorMittal had not yet responded. Announcement • May 06
Tata Steel Limited Recommends Dividend for the Financial Year Ended March 31, 2021, Payable on and from July 2, 2021 The board of Tata Steel Limited recommended a dividend of INR 25 per fully paid-up Ordinary Share of INR 10 each (250%) to the shareholders of the Company for the Financial Year ended March 31, 2021. The dividend recommended by the Board of Directors of the Company is subject to the
approval of the shareholders at the upcoming Annual General Meeting of the company to be held on June 30, 2021. The dividend, if approved by the shareholders at the AGM, will be paid, subject to deduction of tax at source, on and from July 2, 2021, subject to there being no constraints due
to the ongoing pandemic. Announcement • Mar 21
Tata Steel, AM/NS India, ESL Steel May Participate in NINL Divestment Tata Steel Limited (BSE:500470), ArcelorMittal Nippon Steel India (AM/NS India) and Electrosteel Steels Limited (ESL Steel) may participate in the strategic disinvestment of Neelachal Ispat Nigam Limited (NINL). “We always look for growth opportunities. Therefore, we are evaluating participation in NINL disinvestment programme as well,” Dilip Oommen, Chief Executive Officer, AM/NS India, said, in response to a query on whether the company would consider participation. Pankaj Malhan, Chief Executive Officer, ESL Steel, said, “We are serious about the asset. We are a long products company and it’s a logical extension”. “Also, with the kind of focus that the government of India has on infrastructure, we would like to bet big on longs,” Malhan added. Sources said that Tata Steel is looking to step up its exposure in long products and is planning to submit an expression of interest (EOI). Malhan said that there was opportunity for expansion of capacity for NINL. Announcement • Feb 03
Tata Steel Limited to Report Q3, 2021 Results on Feb 09, 2021 Tata Steel Limited announced that they will report Q3, 2021 results on Feb 09, 2021 Announcement • Jan 31
SSAB Concludes IJmuiden Discussions with Tata Steel During the fourth quarter of 2020, SSAB AB (publ) (OM:SSAB A) announced that it was in discussions with Tata Steel Limited (BSE:500470) concerning a possible acquisition of the IJmuiden steel mill and related downstream assets. After deeper analysis and discussions, it became clear that there were limited possibilities to integrate IJmuiden into the SSAB strategic framework. Discussions with Tata Steel have therefore concluded. “We have carefully evaluated Tata Steel IJmuiden and have concluded that an acquisition would be difficult for technical reasons. We cannot be sufficiently certain that we could implement our industrial plan with the preferred technical solutions as quickly as we would wish. We cannot align Tata Steel Ijmuiden with our sustainability strategy in the way desired,” said Martin Lindqvist, President and Chief Executive Officer at SSAB. “The synergies that we saw in the transaction would not fully justify the costs and investments required for our desired transformation. This means that overall, the transaction would not meet our financial expectations,” he added. Announcement • Jan 28
Tata Steel Limited(BSE:750608) dropped from FTSE All-World Index (USD) Tata Steel Limited(BSE:750608) dropped from FTSE All-World Index (USD) Announcement • Jan 26
Tata Steel's Plan to Offload Dutch Ops Hits a Roadblock Tata Steel Limited (BSE:500470)'s plan to sell its Netherlands operations to Swedish steelmaker SSAB AB (publ) (OM:SSAB A) has run into a hurdle with two large SSAB shareholders expressing reservations about the deal, two people aware of the discussions said. SSAB has told Tata Steel that it may not be able to close the deal within the six-month internal deadline agreed to in November, the people cited above said on condition of anonymity, adding the deal is not off the table yet. The development was first reported by Swedish business daily Dagens Industri last week. "There are several issues that could potentially stall the deal," one of the two people cited above said. "This includes concerns around higher carbon footprint for the Swedish steelmaker, which will come with the acquisition, and this is something a section of SSAB's shareholders are not comfortable with as things stand." In November, Tata Steel said it had begun talks with SSAB Sweden to sell its profitable division in the Netherlands where its IJmuiden plant has about 7.5 million tonnes of annual steel-making capacity. Responding to a query, a Tata Steel spokesperson said, "Tata Steel confirms that discussions with SSAB are currently ongoing. We will disclose any further update only when it is appropriate to do so." "We have no comments around this at the moment and do not comment on any speculations in the media. When we have further information, we will communicate that promptly," an SSAB spokesperson said in an email response. "In Europe, the steel sector concentration is already on the higher side, with just about half the market with ArcelorMittal. So, the EC will be particularly concerned about a single producer gaining significant market share," a steel sector analyst said on condition of anonymity. A potential merger between SSAB and Thyssenkrupp also did not go ahead for similar reasons. "There were a lot of learnings for Tata Steel from that episode which will probably come in handy in closing the deal this time around despite the hurdles," said the second person cited above. Announcement • Nov 07
Tata Steel Limited to Report Q2, 2021 Results on Nov 13, 2020 Tata Steel Limited announced that they will report Q2, 2021 results on Nov 13, 2020 Announcement • Oct 05
Jingye Reportedly Expresses Interest to Takeover Tata Steel UK Assets Hebei Jingye Group Co., Ltd. has expressed an interest in taking over Tata Steel’s UK operations, said a leading UK-based televison channel on October 03, 2020. Sky News has learnt that Jingye Group told Tata’s parent company and the government that it is keen to explore a takeover of Britain’s largest steel producer. “Banking sources said this weekend that Jingye’s interest was at a tentative stage, and insisted that there was not a formal sale process for Tata Steel UK’s operations,” said the report by SkyNews. Announcement • Sep 18
Tata Steel Introduces Two New Brands of Coated Products Tata Steel introduced two new brands of coated products, named GalvaRoS and Colornova, to address the unmet requirements of the emerging corporate accounts (ECAs).These products have been created to meet the evolving needs of the micro-segments, while strengthening the pillars of sustainability - economical sustainability & social sustainability, critical to growth and development. Announcement • Aug 08
Tata Steel Limited to Report Q1, 2021 Results on Aug 13, 2020 Tata Steel Limited announced that they will report Q1, 2021 results on Aug 13, 2020 
