TATASTEEL

Feb 24 (Reuters) -

• TATA SONS DEFERS BOARD MEETING - ET CITING SOURCES

• TATA SONS EXECUTIVE CHAIRMAN CHANDRASEKARAN ASKED FOR A DEFERMENT OF TALKS ON HIS REAPPOINTMENT - ET

Further company coverage: TATAS.UL

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Feb 9 (Reuters) - ** India's Tata Steel TISC.NS posted a profit beat on Friday as higher sales volumes helped cushion the impact from weak steel prices nL4N3Z2180

** TISC shares up 0.7% at 198.37 rupees

IMPORT CURBS LIFT VOLUME, PRICE OUTLOOK

** ICICI Securities ("Buy," PT: raised to 226 rupees) says import safeguards will help boost prices across its domestic and European businesses, thereby boosting TISC's profitability

** Nomura ("Buy," PT: raised to 220 rupees) sees EU's carbon border tariff and potential import restrictions by UK, aiding prices for TISC's Dutch and British operations

** Motilal Oswal ("Buy," PT: raised to 240 rupees) sees lower fixed costs for European operations supporting profitability

(Reporting by Nandan Mandayam in Bengaluru)

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Feb 6 (Reuters) - Tata Steel TISC.NS, India's second-largest maker of steel by market capitalisation, reported a bigger-than-expected third-quarter profit on Friday as higher sales volumes helped cushion the impact from weak steel prices.

Consolidated net profit jumped to 26.89 billion rupees ($296.66 million) in the quarter ended December 31, from 3.27 billion rupees a year earlier.

Analysts' on average had expected profit of 24.26 billion rupees, according to data compiled by LSEG.

Jefferies analysts had expected Indian steel companies to report stronger volume growth in the October–December period, driven by capacity expansions, while Systematix Institutional Equities said that higher volumes would help offset pricing pressures for Tata Steel.

Its domestic production volumes for the quarter increased by 11.4%, while delivery volumes grew 14% year-on-year, driven by capacity utilisation at its plants at Kalinganagar and Jamshedpur.

This lifted the Tata Group company's total revenue from operations by around 6% to 570.02 billion rupees.

Steel prices, however, stayed under pressure for most of the third quarter as supply outpaced demand, dragging down flat product prices, analysts at Elara Capital said.

Prices have rebounded since December, helped by the government's safeguard anti-dumping duty, which is expected to support the sector in the near term.

Last month, India imposed a three-year import tariff on select steel products to curb Chinese imports, replacing a 12% duty introduced in April for 200 days.

The longer duration is seen as offering greater certainty and protection for domestic producers, according to Sunny Agrawal, head of fundamental equity research at SBICAPS Securities.

Core profit, or earnings before interest, taxes, depreciation, and amortization (EBITDA) for Tata Steel's India operations grew nearly 5% to 82.91 billion rupees.

Rival steelmaker JSW Steel JSTL.NS in January beat third-quarter profit estimates on higher sales volumes.

($1 = 90.6430 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Sonia Cheema)

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Feb 4 (Reuters) - Tata Steel Ltd TISC.NS:

• TATA STEEL - INDIA COURT RESERVED 2 WRIT PETITIONS FOR JUDGEMENT RELATING TO SUKINDA CHROMITE BLOCK

• TATA STEEL LTD - INDIA COURT EXTENDED INTERIM PROTECTION FOR BOTH MATTERS TILL JUDGEMENT IS DELIVERED

Source text: ID:nBSE51PTBp

Further company coverage: TISC.NS

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Feb 2 (Reuters) - Tata Steel Ltd TISC.NS:

• ACQUIRED SHARES AGGREGATING TO USD 625.75 MILLION IN TSHP

Source text: ID:nBSE9bqZtx

Further company coverage: TISC.NS

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Jan 30 (Reuters) - Tata Steel Ltd TISC.NS:

• COMPLETED ACQUISITION OF 50.01% STAKE IN THRIVENI PELLETS

• 49.99% STAKE IN THRIVENI PELLETS REMAINS WITH LLYODS METALS

Source text: ID:nBSE9Rrw1Q

Further company coverage: TISC.NS

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By Neha Arora and Aditya Kalra

NEW DELHI, Jan 23 (Reuters) - Four major Indian steelmakers - Tata Steel, JSW Steel and state-run SAIL and RINL - disclosed their pricing plans to rivals and coordinated production cuts to reduce supplies, an antitrust investigation report seen by Reuters shows.

In the most high-profile antitrust case involving India's steel sector, an investigation by the Competition Commission of India found 28 firms colluded on steel prices, meaning they could face hefty fines, Reuters reported exclusively on January 6.

The investigation report into the four major companies that has not been made public shows the commission reviewed dozens of WhatsApp chats, including from groups named "Friends of Steel", "Tycoons" and "Steel Live Market" that were seized during 2022 industry raids. It analysed pricing changes, sales and production patterns.

Tata Steel TISC.NS, JSW Steel JSTL.NS and state-run Steel Authority of India Limited, or SAIL, SAIL.NS and Rashtriya Ispat Nigam Limited, or RINL colluded during 2018-2023, the report says.

"There is enough circumstantial evidence ... of concerted efforts by SAIL, RINL, JSW and Tata Steel," the commission report, drafted in April 2025, said.

The four companies "were influencing the market with the sensitive price information in advance," it said.

Consultancy BigMint estimates the companies account for 44.4% of India's steel market.

TATA STEEL 'CATEGORICALLY DENIES ANY WRONGDOING'

Tata Steel in a statement to Reuters said it "categorically denies any wrongdoing" and that it determines its prices independently based on prevailing market conditions and other factors.

It added it will submit its detailed responses to the competition commission.

JSW, SAIL and RINL did not respond to requests for comment from Reuters. Their executives denied wrongdoing during the investigation, the report said.

The competition commission, which does not make any cartel case details public in line with its rules, also did not respond.

WHATSAPP CHATS AND STEEL BAR TYCOONS

The steel case started in 2021 and the companies were in October asked to submit their financial details - typically asked for penalty calculations - and share any final objections.

Senior officials at the commission are reviewing the findings. They have powers to impose fines, or overturn investigation findings.

Tata, JSW, SAIL SAIL.NS and RINL were not raided in the 2022 operation, but many smaller firms and industry groups were.

India's competition commission retrieved chats from the phones of other companies' executives that referred to the pricing plans of JSW, Tata, SAIL and RINL.

The report made no mention of any message being written by the four companies' executives, but said the investigators correlated information in the chats with company's actual price changes, and found them to be in synchrony.

One message in 2022 was posted in a group called "TMT TYCOONS" - TMT refers to steel bars used in construction. It said: "TODAY SAIL INCREASED Rs. 1000pmt in HR COIL/FLAT products. As per close sources, all primary producers are likely to increase prices."

Another message from 2020 read: "All main producers like jsw, tata ... and sail planning to increase TMT price by 1500 to 2000 pmt from 1st Nov."

PRESENTATIONS AND 'CLEAR-CUT CORROBORATION'

India is the world's second-largest producer of crude steel, and demand for the alloy has risen as infrastructure spending has increased in the fast-growing major economy.

The competition commission has held JSW's billionaire Managing Director Sajjan Jindal, Tata Steel CEO T.V. Narendran, four former SAIL chairpersons and three former ones of RINL liable for price collusion, as Reuters reported earlier this month.

Some of RINL's internal government presentations pointed to the alleged collusion by the four players, the report showed.

An RINL presentation to a government committee showed that for every month between 2018-19 and 2022-23 it "submitted market prices of TMT bars of SAIL, TATA and JSW for arriving (at) the selling price of TMT bars by RINL."

Further, the commission report found that at least in 2020-21 there was a "controlled reduction in production by Tata, JSW, SAIL and RINL to the tune of 16% to 22%".

One specific RINL presentation to a government committee in 2020 showed that it internally noted there were "production cuts by manufacturers".

"These facts (are) tantamount to clear-cut corroboration/admission of allegation of production cuts by the said big steel manufacturers," the report said.

(Reporting by Neha Arora and Aditya Kalra; editing by Barbara Lewis)

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Jan 21 (Reuters) - Tata Steel Ltd TISC.NS:

• INDIA COURT FURTHER EXTENDED INTERIM PROTECTION FOR MATTERS RELATED TO THE SUKINDA CHROMITE BLOCK

• INDIA COURT FURTHER EXTENDED INTERIM PROTECTION TILL NEXT DATE OF HEARING ON JANUARY 29, 2026

Source text: ID:nBSE4s7hQd

Further company coverage: TISC.NS

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Jan 20 (Reuters) - Tata Steel Ltd TISC.NS:

• INDIA COMPETITION REGULATOR: APPROVES ACQUISITION OF 50.01% EQUITY SHARE CAPITAL OF THRIVENI PELLETS BY TATA STEEL

Further company coverage: TISC.NS

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By Neha Arora

NEW DELHI, Jan 12 (Reuters) - India was a net exporter of finished steel in the first nine months of the financial year, with shipments reaching 4.8 million metric tons, up 33.3% from a year ago, according to provisional government data reviewed by Reuters on Monday.

The data showed that the world's second-biggest crude steel producer imported 4.65 million metric tons of finished steel in the same period.

Country-wise data on India's steel exports is expected later in the month.

In December, the government imposed an import tariff on some steel products to curb cheaper shipments, primarily from China.

The levy, locally known as a safeguard duty, will be imposed at 12% followed by 11.5% in the second year and 11% in the third year.

India produced 117.6 million metric tons of finished steel between April-December, while consumption stood at 119.3 million metric tons, the data showed.

Crude steel production during the period stood at 123.9 million metric tons, according to the data.

In January, leading Indian steelmakers raised prices of hot-rolled coils and cold-rolled coils by up to 2,000 rupees ($22.19) per metric ton, according to commodities consultancy BigMint.

Prices of hot-rolled coil ranged between 50,250 rupees per metric ton to 51,250 rupees per metric ton, the consultancy said.

($1 = 90.1413 Indian rupees)

(Reporting by Neha Arora; Editing by Ronojoy Mazumdar)

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Jan 7 (Reuters) - Tata Steel Ltd TISC.NS:

• TATA STEEL - IN 3QFY26, TATA STEEL INDIA ACHIEVED CRUDE STEEL PRODUCTION OF 6.34 MILLION TONS

Further company coverage: TISC.NS

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Adds details on Goss in paragraph 2-6, details on Rosneft's German operations in paragraph 7, context in paragraph 9

BERLIN/FRANKFURT, Jan 6 (Reuters) - Germany's energy regulator on Tuesday said it has appointed Andreas Goss as the second managing director of Rosneft's German operations, which it controls under a trusteeship set up in 2022 in the wake of Europe's energy crisis.

Goss, who was CEO of Thyssenkrupp's TKAG.DE steelmaking division until 2019, will serve as the finance chief of Rosneft's German division alongside CEO Johannes Bremer, the regulator, Bundesnetzagentur, said in a statement.

"He has more than three decades of comprehensive international management and financial expertise, which he has acquired in large global corporations and in challenging transformation and restructuring situations," it said.

Under Goss' leadership, Thyssenkrupp Steel Europe came close to forming a European joint venture with Tata Steel TISC.NS, a planned landmark deal that collapsed in 2019 after Brussels vetoed the transaction.

Before his time at Thyssenkrupp, Goss held various management roles at Siemens AG SIEGn.DE.

"He also has extensive industry knowledge in the field of oil and gas supply through various supervisory board mandates," the regulator said.

Subsidiaries of Russian oil company Rosneft ROSN.MM affected by the appointment are Rosneft Deutschland and RN Refining & Marketing, which include stakes in the Schwedt C}RO7309414219, MiRo C}RO7309414342 and Bayernoil C}RO7309414220 refineries.

While remaining the legal owner, Rosneft was stripped of control of its German assets following Russia's full-scale invasion of Ukraine in 2022 via a so-called trusteeship that has since been extended six times.

Sources told Reuters in October that U.S. sanctions on Rosneft rekindled discussions in Germany about nationalising the company's business there.

(Reporting by Thomas Seythal and Christoph Steitz; Editing by Miranda Murray, Kirsten Donovan)

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Dec 31 (Reuters) - Tata Steel Ltd TISC.NS:

• COMPLETED ACQUISITION OF SHARES WORTH 11 BILLION RUPEES IN TATA BLUESCOPE STEEL

Source text: ID:nBSE6psk6q

Further company coverage: TISC.NS

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Dec 11 (Reuters) - Tata Steel TISC.NS Exec:

• WILL DISCLOSE MORE DETAILS REGARDING GROWTH PLANS IN MARCH 2026

• BELIEVE STEEL PRICES CLOSE TO THE BOTTOM, EXPECT MARGINS TO GET BETTER

• DON'T SEE CHINESE EXPORTS INCREASING

• WEAKER RUPEE ACTING AS A HEDGE AGAINST IMPORTS

Further company coverage: TISC.NS

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Dec 10 (Reuters) - Tata Steel Ltd TISC.NS:

• TATA STEEL - APPROVED 4.8 MTPA CAPACITY EXPANSION AT NEELACHAL ISPAT NIGAM LIMITED

• TATA STEEL - APPROVED FUNDS NEEDED TO SET UP 2.5 MILLION T THIN SLAB CASTER AND ROLLING FACILITIES AT MERAMANDALI

• TATA STEEL - APPROVED PLAN TO SET UP A 0.7 MTPA HOT ROLLED PICKLING AND GALVANIZING LINE AT EXISTING COLD ROLLING COMPLEX IN TARAPUR

• TATA STEEL - APPROVED TO COMMENCE ENGINEERING WORK, REGULATORY APPROVAL PROCESS TO SET UP A DEMONSTRATION PLANT AROUND 1 MTPA CAPACITY IN JAMSHEDPUR

Source text: ID:nBSE6qj7Lf

Further company coverage: TISC.NS

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Repeats story from Wednesday, October 8 with no changes to text

NEW DELHI/MUMBAI, Oct 8 (Reuters) - Two senior Indian ministers have, in an uncommon intervention, urged Tata Group's charity arm to resolve internal boardroom disputes to ensure stability at the sprawling $180-billion business empire it controls, sources told Reuters on Wednesday.

The discord within Tata Trusts, a year after the death of family patriarch Ratan Tata, has raised fears of a repeat of a bitter 2016 public spat between the charity and Tata Sons that tarnished the reputation of India's most storied group.

Tata Trusts owns a 66% stake in Tata Sons, giving it power over major strategic decisions. Tata Sons, in turn, oversees 30 firms ranging from consumer goods, autos and airlines, including the likes of Jaguar Land Rover, Tata Consultancy Services TCS.NS, Tata Motors TAMO.NS and Air India.

The disagreement within Tata Trusts in recent weeks concerns which of its trustees should sit on the Tata Sons board, the general business direction taken by the group and how to manage the planned exit of minority shareholder Shapoorji Pallonji, two industry sources familiar with the matter said.

INDIAN GOVERNMENT ASKS TATAS TO RESOLVE ISSUES

The two Indian ministers met with Tata Sons Chair N. Chandrasekaran and Tata Trusts head Noel Tata in New Delhi on Tuesday to discuss the matter and seek a swift resolution of the disputes, one of the industry sources and a government official said.

Finance Minister Nirmala Sitharaman was one of the ministers present at the rare direct government intervention, those sources said.

Indian media reported the other senior government official as Minister of Home Affairs Amit Shah.

"The government wants them to resolve the issues and restore stability," said the government official familiar with Tuesday's discussions.

The sources declined to be named as the matter is confidential.

Tata Trusts and Tata Sons have not commented publicly on the matter, which has been widely reported in Indian media. Neither responded to Reuters' requests for comment.

India's finance ministry and home affairs ministry did not respond to requests for comment.

In the 2016 spat, Tata Sons chair Cyrus Mistry was unceremoniously ousted following disagreements with Tata Trusts, triggering legal battles. Mistry died in 2022 but his family's firm, Shapoorji Pallonji, still owns an 18% stake in Tata Sons.

One of the main current disagreements among Tata Trusts' trustees concerns how Shapoorji's long-delayed plan to part ways with the Tatas will be executed and affect the conglomerate, one of the industry sources said.

Shapoorji Pallonji did not respond to a Reuters request for comment.

(Reporting by Aditya Kalra, Aftab Ahmed, Ira Duggal, Aditi Shah and Khushi Malhotra; Editing by Joe Bavier)

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NEW DELHI/MUMBAI, Oct 8 (Reuters) - Two senior Indian ministers have, in an uncommon intervention, urged Tata Group's charity arm to resolve internal boardroom disputes to ensure stability at the sprawling $180-billion business empire it controls, sources told Reuters on Wednesday.

The discord within Tata Trusts, a year after the death of family patriarch Ratan Tata, has raised fears of a repeat of a bitter 2016 public spat between the charity and Tata Sons that tarnished the reputation of India's most storied group.

Tata Trusts owns a 66% stake in Tata Sons, giving it power over major strategic decisions. Tata Sons, in turn, oversees 30 firms ranging from consumer goods, autos and airlines, including the likes of Jaguar Land Rover, Tata Consultancy Services TCS.NS, Tata Motors TAMO.NS and Air India.

The disagreement within Tata Trusts in recent weeks concerns which of its trustees should sit on the Tata Sons board, the general business direction taken by the group and how to manage the planned exit of minority shareholder Shapoorji Pallonji, two industry sources familiar with the matter said.

INDIAN GOVERNMENT ASKS TATAS TO RESOLVE ISSUES

The two Indian ministers met with Tata Sons Chair N. Chandrasekaran and Tata Trusts head Noel Tata in New Delhi on Tuesday to discuss the matter and seek a swift resolution of the disputes, one of the industry sources and a government official said.

Finance Minister Nirmala Sitharaman was one of the ministers present at the rare direct government intervention, those sources said.

Indian media reported the other senior government official as Minister of Home Affairs Amit Shah.

"The government wants them to resolve the issues and restore stability," said the government official familiar with Tuesday's discussions.

The sources declined to be named as the matter is confidential.

Tata Trusts and Tata Sons have not commented publicly on the matter, which has been widely reported in Indian media. Neither responded to Reuters' requests for comment.

India's finance ministry and home affairs ministry did not respond to requests for comment.

In the 2016 spat, Tata Sons chair Cyrus Mistry was unceremoniously ousted following disagreements with Tata Trusts, triggering legal battles. Mistry died in 2022 but his family's firm, Shapoorji Pallonji, still owns an 18% stake in Tata Sons.

One of the main current disagreements among Tata Trusts' trustees concerns how Shapoorji's long-delayed plan to part ways with the Tatas will be executed and affect the conglomerate, one of the industry sources said.

Shapoorji Pallonji did not respond to a Reuters request for comment.

(Reporting by Aditya Kalra, Aftab Ahmed, Ira Duggal, Aditi Shah and Khushi Malhotra; Editing by Joe Bavier)

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** Shares of Tata Steel TISC.NS fall 2% to 169.83 rupees apiece

** Steel maker receives demand letter from the department of mines, Jaipur in connection to shortfall in dispatch of chrome ore from its Sukinda chromite block

** Co says the alleged shortfall has resulted in an aggregate demand of 24.11 billion rupees ($271.6 million)

** Adds demand lacks justification and that TISC has grounds to challenge it

** TISC is the top drag on metals index .NIFTYMET, which is down 1%

** TISC shares are up 25.5% in 2025 so far, outperforming the 17.6% rise in metal index, exchange data shows

($1 = 88.7800 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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Sept 29 (Reuters) - Tata Steel Ltd TISC.NS:

• SIGNS NON-BINDING LETTER OF INTENT WITH NETHERLANDS, PROVINCE OF NORTH-HOLLAND ON INTEGRATED DECARBONISATION, HEALTH MEASURES PROJECT

• PARTIES TO CONTINUE WORKING FOR FINAL TAILOR-MADE DEAL IN COMING MONTHS

• FINAL INVESTMENT DECISION WILL BE CONSIDERED BY TATA STEEL BOARD IN PROCESS TO COME TO FINAL BINDING TAILOR MADE AGREEMENT

Source text: ID:nNSE4VLd3s

Further company coverage: TISC.NS

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Sept 24 (Reuters) - Tata Steel Ltd TISC.NS:

• TATA STEEL LTD - ACQUISITION OF EQUITY STAKE IN T STEEL HOLDINGS PTE. LTD

• TATA STEEL - ACQUIRED SHARES OF T STEEL HOLDINGS PTE. LTD WORTH $460 MILLION

• TATA STEEL LTD - TSHP WILL CONTINUE TO BE A WHOLLY OWNED FOREIGN SUBSIDIARY OF CO

Source text: ID:nBSE7WkdP1

Further company coverage: TISC.NS

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Sept 18 (Reuters) - John Cockerill India Ltd JOHC.BO:

• TATA STEEL AWARDS CONTRACT TO JOHN COCKERILL

• PPPL DESIGNED FOR 350,000 TPA CAPACITY

Source text: ID:nBSE3XzySH

Further company coverage: JOHC.BO

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** Shares of John Cockerill JOHC.BO rise 3.41% to 4,530 rupees

** Co wins contract worth 800 million rupees from Tata Steel TISC.NS for Pickling and Acid Regeneration Plants (ARP) installation in a Jharkhand plant

** Pickling plants remove surface impurities from metals using acid, while acid regeneration plants recover and recycle the spent acid for reuse

** JOHC up 8.3% YTD

(Reporting by Urvi Dugar)

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Aug 26 (Reuters) - Tata Steel Ltd TISC.NS:

• TATA STEEL LIMITED - ACQUISITION OF EQUITY STAKE IN TSHPL

• TATA STEEL LTD - BUYS EQUITY STAKE IN T STEEL HOLDINGS WORTH USD 355 MILLION

Source text: ID:nRSZ7547Wa

Further company coverage: TISC.NS

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Aug 18 (Reuters) - Tata Steel Ltd TISC.NS:

• TATA STEEL- TATA STEEL ADVANCED MATERIALS TO SELLS ENTIRE EQUITY, PREFERENCE STAKE HELD IN CERAMAT

• TATA STEEL- DEAL FOR 10 MILLION RUPEES

Source text: ID:nBSE4GXl18

Further company coverage: TISC.NS

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Aug 8 (Reuters) - Tata Steel Ltd TISC.NS:

• TATA STEEL LTD - FILES WRIT PETITION TO QUASH DEMAND LETTER FOR MINERAL DISPATCH SHORTFALL

• TATA STEEL LTD - FILES PETITION TO QUASH DEMAND OF 19.03 BILLION RUPEES

Source text: ID:nBSE65J1gV

Further company coverage: TISC.NS

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Aug 6 (Reuters) - Tata Steel Ltd TISC.NS:

• TATA STEEL LTD - SIW COMPLETES ACQUISITION OF 40% STAKE IN TSN WIRES

Source text: ID:nBSE6mpd64

Further company coverage: TISC.NS

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