Is Tata Steel and Tata Steel Long Products same?

Tata Steel Long Products soars 10% as Tata Steel completes open market sale. “Tata Steel, the promoter company, has completed the open market sale of 451,000 equity shares of Tata Steel Long Products, during the period November 23, 2020, through November 27, 2020,” Tata Steel Long Products said in an exchange filing.

What does Tata Steel Long Products Limited?

Tata Steel Long Products Limited offers a wide range of high-end steel products for industry like Forgings, Bearings, Fasteners and Free-Cutting, and caters to diverse sectors including Construction, Railways, Power, Auto, General Engineering and Defence, Infra/L&E.

Who owns Tata Steel Long?

Tata Steel Ltd
Tata Steel Long Products/Parent organizations

What is Tata Sponge?

Tata Sponge Iron (TSIL) was incorporated in 1982 as joint venture between Tata Steel and the Industrial Promotion and Investment Corporation of Orissa (IPICOL). For production of sponge iron, the raw material required is iron ore, non–coking coal and dolomite.

What is the new name of Tata Sponge?

Tata Steel Long Products Ltd
Tata Sponge Iron Ltd on Wednesday announced that it has received an approval from the Registrar of Companies to change its name to ‘Tata Steel Long Products Ltd’.

What is the difference between Tata Steel and Tata Steel BSL?

Tata Steel BSL Limited, formerly known as Bhushan Steel Limited, is the largest manufacturer of auto-grade steel in India. Tata Steel BSL Limited, with an amount of debt in proportion to its equity (0.5 times more). On 27 November 2018 the company was renamed as Tata Steel BSL Limited from Bhushan Steel Limited.

Who is the CEO of Tata Steel?

T. V. Narendran (Oct 31, 2017–)
Tata Steel Ltd/CEO

Mr. T V Narendran is the CEO & Managing Director of Tata Steel Limited. As the CEO & MD, he has overseen the organic and inorganic growth of Tata Steel over the last few years. This includes the Kalinganagar greenfield expansion and the acquisition of Bhushan steel and the steel business of Usha Martin.

What is DRI process?

Direct reduced iron (DRI), also called sponge iron, is produced from the direct reduction of iron ore (in the form of lumps, pellets, or fines) into iron by a reducing gas or elemental carbon produced from natural gas or coal. Many ores are suitable for direct reduction.

Is Tata Steel a good stock?

We hold our positive view on Tata Steel with target of ₹1,315 and stop loss of ₹1,100.” Sharing fundamentals of Tata Steel, Sandeep Matta, Founder at TRADEIT Investment Advisors said, “Tata Steel has delivered strong financial performance with strong revenue growth and margin expansion along with solid free cash flow.

Why Tata Sponge share price is falling?

Shares of Tata Sponge Iron fell as much as 3 percent on Wednesday after the company reported earnings that were well below market expectations. Tata Sponge said its first quarter net profit plunged to `7 crores compared with 44 crore rupees in the same quarter a year ago.

Which is better Tata Steel vs JSW?

At the operating level, Tata Steel India was the highest at Rs 8,011 crore in the year ended March (down 35 per cent yoy), followed by JSW Steel, which witnessed a marginal fall of 0.25 per cent on a year-on-year basis to Rs 5,967 crore. In terms of net profits, JSW Steel is much lower than its peers.