In this blog, we will share our spotlight on Tata Steel Ltd.
Tata Steel Ltd. – Highlights
- Tata Steel Ltd is trading at Rs.1183.60, up by 7.51% on the NSE. The stock is up 328.62% in last one year as compared to a 61.14% spurt in NIFTY and a 214.70% spurt in the Nifty Metal index.
- The company has capitalized on the increase in demand for the base metal following the pandemic. Steel realizations for the company have increased significantly due to a tightening of global steel supplies and increased demand.
- As a result, Tata Steel has outperformed the Street’s already optimistic profit expectations for the March quarter, propelling the stock higher.
- In FY21, the steelmaker’s net debt was Rs.75389 crore, a 28 % decrease from the previous fiscal. In the fiscal year ending March 2021, it reduced debt by Rs.28000 crore.
- In addition, the company announced a 5-MTPA expansion plan at Kalinganagar, which is expected to be completed by FY24. Tata Steel’s consolidated net profit increased by 79.7 % YoY to Rs.6644 crore in Q4 FY 21.
- Tata Steel Limited is an Indian public limited company with its registered office in Mumbai, Maharashtra. The company is traded on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). Tata Steel was founded in India in 1907 as Asia’s first integrated private steel company. Today, the company is ranked among the top global steel producers.
- The Company provides a diverse range of steel products, including a portfolio of high-value-added downstream products such as hot-rolled, cold-rolled, and coated steel, rebars, wire rods, tubes, and wires.
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