Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
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 : L&T bags order from ONGC for offshore gas compressor project Vedanta expects demerger of units to be completed by Dec 2024
Negotiations between India and the European Union (EU) for a Free Trade Agreement (FTA) have made si...
Europe 14-Oct-2025
China's CMOC Group surpassed Glencore to become the world's top cobalt producer last year as it ramp...
Raw Material 19-Feb-2024
The Coal Ministry in India is pushing for major changes in the operations of central public sector u...
Announcement 28-Feb-2024
India’s finished steel imports hit a 9-year high at 7.5 million tonnes in FY 2024-25. Global...
Business 23-Apr-2025
The International Energy Agency (IEA) is launching a program to secure the supply of minerals critic...
Large Corporate 14-Feb-2024
The government is introducing penalties for delays in mining projects. Bidders who win contracts to...
Non-Ferrous 13-Feb-2024