INSUBCONTINENT EXCLUSIVE:
operations, but the thrust on slashing debt by $1 billion has turned analysts in its favour
threshold in the ongoing Odisha iron ore auction, a step that could help revive performance in the coming quarters, said an analyst report
by Edelweiss on Monday.
Odisha has auctioned five mines so far; four have been designated for captive use, and one for merchant use
said Investec analysts Ritesh Shah and Chintan Shah in a sector research report
with a reduced target price of ?570 from ?590
Investec has maintained a buy rating for Tata Steel with a reduced target price of ?515 from ?560 earlier
Tata Steel Europe reported an EBITDA loss of ?9.56bn, owing to a squeeze in spreads that mitigated the favourable impact of the
The cost is estimated to further go up due to additional carbon credits the company must purchase.
During the quarter ended December, Tata
Branded products grew 22 per cent QoQ while auto segment deliveries stayed flat