Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
Tata Steel Ltd shares gained nearly 3% in early trade after the company announced steady Q2 FY25 results and the acquisition of BNR Infrastructure Projects Pvt. Ltd. for around ₹1,100 crore.
The steel major reported a consolidated net profit of ₹1,583 crore for the September quarter, reversing a loss of ₹6,511 crore in the same period last year. Consolidated revenue stood at ₹55,600 crore, driven by improved realizations and stable domestic demand.
Tata Steel said the acquisition of BNR Infrastructure will strengthen its logistics and mining infrastructure capabilities, enhancing raw material movement efficiency across its steelmaking operations in India.
Analysts noted that the company’s India business performance remained strong, offsetting weakness in European operations. Domestic deliveries rose 6% year-on-year, supported by auto, infrastructure, and construction demand.
Following the announcement, Tata Steel’s stock traded up nearly 3% on the BSE, touching an intraday high of ₹147. The company said it remains focused on cost optimization, green transition, and downstream value addition.
Also Read : Reliance to acquire 26% stake in 600MW Mahan Energen power unit for ₹50 cr Essar unveils blueprint for green economy at India Energy Week
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