Tata Steel Limited, formerly Tata Iron and Steel Company Limited (TISCO), is an Indian multinational steel-making company established in India in 1907.

Tata Steel is a Large Cap company having a market cap of Rs 29970.26 Crore.

Tata Steel is a subsidiary of the Tata Group. Tata Group held 31.64% shares in Tata Steel. Over 1 million individual shareholders hold 21% of its shares. Life Insurance Corporation of India is the largest non-promoter shareholder in the company with 14.88% shareholding. By 31-03-2020, the company has a total of 1,204,126,999 shares outstanding.T.V. Narendran of CEO & Managing Director.

Tata Steel is currently the world’s second-most geographically diversified steel producer. It is one of the few steel operations that are fully integrated – from mining to the manufacturing and marketing of finished products.

Tata Steel is the second largest steel producer in Europe with a crude steel production capacity of over 12.1 MnTPA. It established presence in the European continent after acquiring Corus in 2007.

Tata Steel’s operations in South-East Asia began in 2004 with the acquisition of NatSteel, Singapore. The operations are run by NatSteel Holdings Pte Ltd., a wholly-owned subsidiary of Tata Steel.

It is one of the top steels producing companies globally with annual crude steel deliveries of 27.5 million tonnes (in FY17), and the second largest steel company in India (measured by domestic production) with an annual capacity of 13 million tonnes.

For the quarter ended 31-12-2019, the company has reported a consolidated sale of Rs 34774.29 Crore, up 2.42 % from last quarter Sales of Rs 33953.75 Crore and down -14.05 % from last year same quarter Sales of Rs 40457.11 Crore.

Tata Steel’s domestic sales volume dipped 14.6% to 4.03 million tonnes in Q4FY20 affected by the nationwide lockdown to contain the Covid-19 pandemic, even as it posted an 6% production growth to 4.74 million tonne (mt) during the quarter over Q4FY19.

Tata Steel’s shares fell as much as 2.5 percent to Rs 259.25 after it released its business update for the fourth (Q4) quarter of the financial year 2019-20.

If you find any mistake please contact the support@largecapindia.com. This article is general in nature. It does not constitute a recommendation to buy and sell any stock, and does not take account of your objectives, or your financial situation. Largecapindia has no position in the stocks mentioned.

Largecapindia aim to bring you long term focused research analysis driven by fundamental thanks you.

For More Info : https://www.largecapindia.com