Noida Noida Uttar Pradesh, Tata Steel BSL Ltd.is not traded on NSE in the last 5 days, Tata Steel BSL Ltd.is not traded on BSE in the last 5 days, B-9 To 12 (Old No. As always, this entire discussion will be covered by the safe harbor clause, which is on Page 2 of our presentation. Tata Steel has price variation contracts with suppliers, whether it is for engineering projects or transportation contracts. So we did look at that. Got it, sir. I mean if I were to look at our current footprint that Naren elaborated on between Neelachal, Kalinganagar and in Meramandali, which is the ex-Bhushan Steel facility. Dear Madam/Sir, In reference to the captioned subject, please take note that the Board of Directors of the Company has appointed Ms. Neera Saggi and M Bhushan Steel (BSL), earlier known as Bhushan Steel & Strips was incorporated in the year 1983.It is a globally renowned company and is one of the leading prominent player in Steel Industry. The capital expenditure, it was about 10,522 crores, which is well within our guidance of 10,000 crores to 12,000 crores that we did earlier during the year. The next question is from Pinakin Parekh. 99.99 . That's the consumption cost impact, I'm talking about, not the billing cost. So there is a gap of 2 million to 2.3 million tonnes, and that's something that is built into the plan to purchase for the market. Is there a business case to merge Tata Steel Long Products with Tata Steel post the changes in the MMDRA which are leading to a higher royalty incidents on Tata Steel Long Products? And as a company, and a part of group, which has a global footprint, a call was taken that we will not be transacting with Russia for now. So certainly, we are looking very sharply, and continue to look at it, and I think it is more structural than just being a one-off measure. 60 . So pretty much set for now. So typically, in Ukraine also, it has been a government-supported initiative. But today, the rate at which we're building steel capacity, I think the mining capacity is just about able to keep pace with it. We expect Q1 margins to be similar to that of Q4. Job News: , 2021 . And like I said, capacity addition is nowhere near what it was -- what was happening when China was growing right? And we have also rescoped in based on the current requirements, et cetera. But it has to meet some hurdle rates given our counterfactual on the organic growth. So I'm just replying or adding to what I replied to Abhijit. Disclosures under Reg. So maybe you just want to reclarify. So that's the first question. We continue on the same journey of $1 billion every year. Thank you for taking the time out on this call to discuss our results for the fourth quarter of FY '22.

Yes. The steel industry, along with the government, had worked out a plan to support MSMEs. . (Tata Steel) 300 . So -- I'm not saying steel prices will stay at this level forever. And second question is a bit update and then probably to Mr. Narendran, given your rear separation units in Jamshedpur and Kalinganagar, is there any possibility to sort of look at production of this inert gases like neon and others? And how much would be through scrap-based route? Pragativadi - Odisha News, Latest Online News, Breaking News Odisha, Top Headlines Today. The BS7, which is a bigger blast furnace when it comes up for relining, that is the one which we want to transition first. Good thing is our consolidated earnings is what is being focused on, and we -- this year are on a stand-alone basis, we have been about 19%, 20%. That's around 500-odd crores -- 500 crores, 540 crores. And we are not saying that our -- the leverage will be the provider of capital for our growth. So as of now, we are not seeing the demand impact significant or material. In India, our crude steel production crossed 19 million tonnes for the first time with quarterly production being close to 5 million tonnes. It is committed to creating a diverse, inclusive, safe and fair workplace and has taken a target of having 25 percent diverse workforce by 2025. And similarly, do you have a target for your downstream revenues by 2025? Copyright Tata Steel 2019. TV Narendran, Managing Director, Tata Steel, spoke to BusinessLine on the way forward for the company. TATASTLBSL For any other kind of hearing impairment, you will be able to see the transcripts/captions (sub-titles) for all the videos on our website and view along. , , ?

Additionally, you can turn ON/OFF the text-to-audio functionality in the website for the text to speak it. The question is regarding the CapEx at Kalinganagar plant. | Sector: Yes. So pretty much in all the downstream businesses we are in. But today, where it stands is both the spot prices and the contracted prices are close to each other and at a high level in Europe. Or does Tata look at growth beyond steel, given where the cash flows are? Our results, including a presentation explaining the performance has been uploaded on our website, and hopefully, many of you have had a chance to go through it. Our stated policy has been 50% -- of the PAT up to 50%. And I understand the economic value is not there so much, just now there is a shortage. In India, the consumption is growing in Southeast Asia, and it's growing. Hence, the need to recover some of these costs from customers is less now.

Meramandali: In continuing its journey of inclusivity, Tata Steel Meramandali (TSM), located in Dhenkanal district of Odisha, has deployed four female operators as Stacker-cum Reclaimer (SCR) in its raw material handling system (RMHS) though its vendor partner Vaaman Engineers India Ltd. For the first time in Tata Steel, female employees will work as SCR operators. Welcoming them Subodh Pandey said, We are extremely pleased to have you in our team as this marks as a monumental milestone on gender balance among the workforce in the plant. There are significant opportunities for scaling up growth in each of these sites, using state-of-the-art technologies, using carbon friendly approaches or paths that helps us to reduce our intensity and add to that the greenfield sites that we are talking about as far as the electric arc furnace process is concerned. And the third is the Neelachal expansion. There is a question which we have on Russia. Speech .

Better operating leverage shields India Inc from cost pressures in Q4, Tata Steel net up 37 per cent on higher realisation, Sustainability could well be the next evolution in branding.

So I think pretty much all input costs have been going up across geographies because inflation is something which impacts us also. How do we look at the growth trajectory for the 40 million tonnes target which we have over the next decade? So we will move ahead based on how we are progressing in these conversations. The second one is what we did at one, and we have deliberately bid for what are more greenfield mines, which takes a few years to develop because we wanted that capacity to be in place as we come closer to 2030 when our existing mines will go up for auction. So basically, if you look at it, we are a very strong player in many downstream businesses. I think we already have the growth opportunity to put more into the market. In fact, it's next to the Kalinganagar side, it's just across the road. So my first question was with regards to your long-term carbon plans for Europe, given the fact that your competitors, SSAB, Kisan, et cetera, they have all lined up CapEx of about $4 billion to $5 billion over the next 4, 5 years to transition into green steel. So Anuj, I think all of these initiatives are sustainable provided we look at it from a full year perspective and not from a quarter-on-quarter perspective because the volatility the way it is running. So first question is on shareholder returns. SUB. So we have more than 1 million tonnes, and continuing to grow.

I have two questions. So can we expect this to sustain in the next year, given where coking coal prices are, and we have also seen iron ore pricing being elevated? 1990 2000 . Demand has been reasonably good, although the auto industry has been affected a bit. So the demand-supply balance is there. That -- on the subsidiary on the downstream, yes, Kaushik, you want to take that?

And the allocation is about, say, 10 million tonnes.

As far as Neelachal is concerned, the capacity is 1 million tonnes, but the plant has not been operational for the last 2 years. What is the rationale behind cutting ties with Russia for Indian operations, especially when their coking coal can be procured at a discount at the time when coking coal costs are at a record peak and have squeezed margins. . I think there are a couple of questions, which I will just take, and then move back to audio. Even if India wants to add 50 million tonnes a year, it won't be able to, right? Our net debt to EBITDA is 0.8. Again, excluding this, the adjusted EBITDA stood at about 11,766 crores, which translates to an EBITDA per tonne of about 23,690. That's been the ceiling, but we've been progressing on that basis. On the global footprint, we were earlier looking for some kind of strategic solution to the European assets. When you're doing organic growth, you have an option, which we did, for instance, that's what we did in Kalinganagar. Because realizations did not move materially as the EBITDA per tonne because there was a steep hike in all cost items. Over to you, ma'am. While there has been an increase in the absolute value of the inventory and the debtors due to the higher prices, the working capital management has led to a decline in terms of holding days, both in -- on a Q-on-Q as well as a year-on-year basis. These are all businesses which are scaling up. , 40 10 . Those businesses were not self-sustaining then. In addition, of course, we are moving more and more into solutions, whether it is nesting solutions, which is again a business which is doubling every year, which is now -- and also our doors windows, those kind of solutions for the house builder with whom we already have a relationship. Yes. So is it fair to assume that the EBITDA per tonne sequentially can be maintained? The Neelachal acquisition should also close this quarter. Yes. And the core covers there will need a bit more time. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. But by the end of this financial year, we hope to be operating at the rate, which is 100,000 tonnes -- 80,000 to 100,000 tonnes a month. I think we have a number of chat questions, and let's try and answer as many as we can. I think you have to look at it across. It's an optionality for us in the chrome ore side. But if there are opportunities, we -- we'll have a look at it for sure. Will the thermal coal shortage impact Tata Steel? So as far as Netherlands is concerned, the blast furnace 6 is actually due for a reline. , . 225.50 . Over the last two years, we deleveraged by 52,000 crore about $7 billion. Yes. As you know, commodities in general and steel markets, in particular, have been very volatile over the last quarter. And in India, we said about 8,000 to 8,500 per tonne Q1 compared to Q4. So if you're looking at adding about 4 million tonnes, maybe out 20,000 crores, 25,000 crores is what we think, but we will come to a better estimate once we get into the site and do a more detailed analysis. Dear Madam/Sir, Pursuant to Regulation 33(3)(b)(i) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you Sub: Reclassification Of Erstwhile Promoters. The EBITDA margin for this quarter is about 16%. So our balance sheet priority remains the same, what we are saying is that we would allocate capital more for accelerating. That is the minimum guidance. About 20 per cent of the coal we bought globally used to come from Russia. You have indicated that your first priority is to sort of take it up to a record volume of 1 million tonnes. So the volume impact will be minimized. In terms of projects, we should commission the 6 million tonne pellet plant in Kalinganagar by early of -- early third quarter of this year, which has an impact on our costs -- beneficial impact on our costs. There is a question on our performance and EBITDA per tonne. So we have an optionality to have capital-light growth there. So like I say, from 400 crores, it moved down to, like, say, negative 900 crores. It's more for captive consumption. So I just wanted your thoughts on how do we think -- because it still is a cycle, the prices will never stay at the current levels for a long time. So we may not have much available to sell in the market apart from some fines, et cetera, out of some of the mines.

But how much is left now -- until now, sir? Subscribe our newsletter to stay updated. In Netherlands our plans both -- in both places, there are plants which have been made and there are conversations which are going on with the respective governments.

We are largely dependent on metallurgical coal. Fundamentally, we were looking at that option to de-leverage the balance sheet. I'll now hand over to Kaushik for his comments. On behalf of Tata Steel, I'm delighted to welcome you all to this call, particularly our shareholders and shareholders of Tata Steel Long Products. The UK business is also EBITDA positive, and should become cash positive soon. We are into graphine. I hope we could answer all your questions, and I hope you found it useful and informative. I mean we have asked this question before as well. So therefore, on one hand, while there are no more additional capacities being built, the existing capacities themselves are sufficient enough to flood the market. Thank you. We continue to focus on our deleveraging while advancing our strategic growth priorities that Naren highlighted a while back. And how should one understand this in a better way if one is taking a 3- to 5-year call on the company? We are already investing in what we call knowledge-intensive growth, which is basically new materials. But given where the balance sheet is today, and given where steel cash flows are today, do you see that this growth CapEx at some point of time gets upsized far higher? Thank you, and over to you, Narendran. So then let me take that.

Can you explain why there has been such a huge swing? Now obviously, it will not be linear. The challenge has been more with the auto sector because they have struggled a bit because of semiconductor issues, et cetera. I'm not sure why they're saying that the revenues have not increased because the contracted prices have been reflected -- the contracts which were renewed in December and the third quarter have fully reflected in the fourth quarter. Narendran; and our ED and CFO, Mr. Koushik Chatterjee. Just to give you a sense, we now sell over 1 million tonnes of tubes on the back of strong growth in structural and high-end space. Significant increase in volume has been observed in Bhushan Steel Limited. I had a couple of questions. So the other EBITDA effectively -- sorry, effectively reflects our other subsidiary companies. . I would now like to hand the conference over to Mr. Samita Shah. , , , ' ', 200 , , ( ) , SHOCKING! Got it.

Just want to hear about other cost headwinds, both in India and also in Europe. Finance costs were about 1,099 crores, lower by about 434 crores as there were charges related to prepayment of [Indiscernible] in Tata Steel Europe in the third quarter. Okay.

So can you provide some clarity on that part, how it can move going forward or like -- so that we can factor in something for that in our quarterly update. And I think that is something that we would continue to focus on. So the guidance on sales for this year is without NINL is about 0.5 million tonnes more because we are pretty much running full out across all our capacity. Yes. So we did that, and brought down our debt. But it needs to administered well so that there is no misuse. Yes. So I think with that, we will end the call. But having said that, given that the India business is double the size it was 5 years back or 10 years back, and is continuing to grow, the cash flows that you will generate in a down cycle for Tata Steel is going to be much higher than it was in the past. And therefore, I wouldn't kind of say that we are comfortable or not comfortable. Thank you, Kanshu. In fact, we have a different mix in Netherlands as compared to the U.K. Netherlands is more dependent on the packaging and the auto sectors and hence, have a greater mix of long-term contracts. Thank you, everyone, for joining us on the call today. So how should one look at merchant sales, say, 3 years, 5 years out? So I think I would say that -- there are 2 parts to Tata Steel Mining. Some initial color. So it's not a simple formula, but it's effectively a triangulation of priorities and ensuring that we can optimize on the same. The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBICAP T With reference to increase in Volume, Bhushan Steel Ltd has submitted to BSE a copy of Clarification is enclosed. The Bhushan acquisition will also help us grow the color-coated footprint that we have, which will also more than double. There is an optionality if you are fully meeting your requirements to sell some at a higher premium, et cetera.

Because, for instance, just now the prices in Europe are higher than the prices in Asia even if you want to export, right? So any framework that we should look at it? Customers who are saying that they are impacted by volatile inputs have to take this up with their contractors. So at one point in time, we were chasing 10% of our revenues from new materials. BSE Code: Should we sort of take this payout ratio?

So now the base on which you're generating 20% EBITDA margin has doubled, and is increasing.

And what kind of cost impact would it have? So I think where we are -- like you said, given the optionalities, we are in a very comfortable place, right? Otherwise, it will only help the intermediary buy steel at a lower price and sell to somebody else at a higher price.

There are other operating models that we are also evaluating, which if it is economically viable, will be implemented. But now with what's happening with Ukraine and Russia, and the calls that the European governments are going to take, we are waiting to see what their plan is. It's not disrupted. What are the time lines that we are looking at? So there is a bit of a down kind of, what do you call it, the bottom below which steel companies will not be motivated to sell steel prices, and with China not being a big exporter at cheap prices, there is nobody else who's disrupted. It's all brownfield. A couple of questions on the financials. And typically, that is -- that's something that will continue for the future, and which is why the decarbonization is going to work. So we would -- we have started this year with an allocation guidance of 12,000 crores, but we will review it in the first 6 months and come back and see as to what -- there is an upside bias potentially to accelerate some of the growth projects. And I think most of them are doing significantly well. We were already quite big. I don't. Have Tata Steel costs gone up after no longer sourcing coking coal from Russia while others get it at a discount? So Amit, on your first question, basically in Q4, the coking coal price increased about $50 compared to the previous quarter as far as India is concerned. Like sir, how much spending is left on KPO project Phase 2? 500055 So given where steel prices and spreads are right now, are we comfortable with the kind of profits and cash flows we are making there? The next question is from Vishal of Motilal Oswal. Copyright 2022, THG PUBLISHING PVT LTD. How do you see demand in Europe for this fiscal? That leaves 14 million tonnes of capacity addition over the next 7 to 8 years. So there is a view that -- I mean if you see the World's Steel long-term forecast, the steel consumption is going to continue to grow. Because that's 1 variable which we do not capture in our models. So Sagar, basically, this year, we will complete the pellet plant, which more has a cost impact than a revenue impact. Secondly, can you throw some light on how European steel demand has been, particularly given the sharp rise in prices over there? We would have liked to infuse equity into TSLP, but due to regulatory constraints what we have done is we have infuse the funding through nonconvertible redeemable preference shares to limit the cash burden on the TSLP balance sheet. Our downstream portfolios across tubes, wires, tinplate, et cetera, is also expanding well. I think you would have seen last year also, we scaled up our payout and dividend percentage and also the dividend per share to 25, which was one of the highest in recent history. The rise in coking coal consumption cost was offset by the decline in the iron ore prices. The company used the free cash flow to de-leverage the balance sheet, even while making slew of acquisitions during the ongoing distress asset sales by banks. We are currently at about 30 million, 35 million tonnes of mining. So -- and a lot of consumption yet to come in many other parts of the world. There is a view in Europe that they may have transitioned faster into hydrogen. We had expected this year, the spot prices to be less than the contracted prices. So we will partner with dismantlers. infrastructure, Proceeding And Voting Results Of The Extraordinary General Meeting ('EGM') Of Tata Steel BSL Limited ('The Company'). And then there is the gap to the free allowances, which then takes you have to buy from the market. All the Neelachal expansion will be Long Products, just like expansion in Kalinganagar or Angul or Meramandali will be flat products. . Tata Steel Limited (OTC:TATLY) Q4 2022 Earnings Conference Call May 4, 2022 2:30 AM ET, Samita Shah - VP of Corporate Finance, Treasury and Risk Management, Koushik Chatterjee - CFO and Executive Director, Vishal Chandak - Motilal Oswal Securities, Ladies and gentlemen, good day, and welcome to the Tata Steel Analyst Call. In addition, we have the optionality to grow through these electric arc furnace units, and that is going to be capital-light growth for us because we have partners who are willing to set up these facilities for us because it's more about the ecosystem which we manage, the brand that we have, and the distribution network that we have than the assets that we create in that model. () 1.7 . But obviously, you try and offset as much of that as possible through what we can get from the market, not only through price increases, but also in terms of deciding which markets to sell it. Africa has not even started. It is the conversation we are having with the government there. We'll take it about 60 million to 65 million tonnes to support the steel growth. I think as we have -- we are basically triangulating the capital allocation between deleveraging, return to shareholders and growth CapEx. However, our customers such as auto components companies in Europe were impacted by the war.

Now Tata has made multiple contracts, multiple segment consumers. By continuing to browse this website you are agreeing to our use of cookies. Today, the Netherlands business is not only self-sustaining, but also very profitable. And after the cycle has turned around, it has been very difficult in managing the debt subsequently. It's 1 billion people consuming 40 million tonnes of steel, right? The underlying business of all other subsidiaries have been very strong in India. (Jharkhand Investors Meet) (Jharkhand Government) MOU , (CM Hemant Soren) . Subodh Pandey, Vice President, TSM, congratulated the new recruits and interacted with them along with other executives of TSM Sandeep Dhir, Chief, Human Resource Business Partner, Subrata Basak, Chief, Logistics Operation and Suvransu Sekhar Rout, Chief, RMHS & Raw Material Processing Plant, TSM. And obviously, they had a lot of spare capacity, which they leverage, and there was a government support and hence, you have a strong production of neon. So as part of that, our focus is currently on getting these things right, pushing for higher value through the cash flows and the earnings. Breaking the barrier, the female SCR operators with Diploma in Mechanical Engineering underwent safety induction and on the job training, prior to their onboarding for stacking and reclaiming operation, considered mostly as a male-only job.

Tata Steel Long Products, as everyone knows, is also the company which bid for NINL and there are certain restrictions at this point of time as part of the process to do any corporate actions we will continuously review it, which is also indicative of the entire Tata Metaliks margin process because the entity which was used for valuation at that point of time is very different at this point time. One is there's already a project ongoing to add a rolling mill to the -- what is called Tata Steel Long Products. The minimum is $1 billion but we will take a call. Coking coal, I mean what sort of cost headwinds are we seeing both in India and Europe? And again, it may happen earlier if EU wants to transition quicker to hydrogen. . It was due some time back, and we've extended it as much as possible. So -- and given our long contracts and customer -- supplier relationships with your existing suppliers, it was a prudent thing to do. So about 1,300 crores of the We will now proceed to our next question. In the East, we will largely be iron ore based production of state.

With the Netherlands and UK business separated, what are the long term plans for Tata Steel Europe? In India, we are planning to increase our capacity, double our capacity, but because our steel production is also going to double, the percentages will be in the 20% to 25%. (Tata Steel) () . .

So I think it's been a spread increase which reflected in the EBITDA as well. . located on the right-hand side So far, however, there has been no material impact. | And we don't as yet see a significant impact given our hedging as well as given the cost which have already come through in the last quarter. It means you do a lot more to get neon out of it. And EU ETS price has gone up to say, 80 per tonne. [Operator Instructions] The next question is from Abhijit Mitra of ICICI Securities. The revenue is already from pretty much close to 0 of 2, 3 years back, is crossing 500 crores this year, and will cross 4 digits in the near future. We split the businesses in Europe to make them self-sustaining. In India, the steel demand rose 4% quarter-on-quarter, and automotive, production especially in passenger and commercial vehicles improved while the infrastructure construction goods witnessed steady growth. That's helpful. Further you can select text to speak it. And actually we'll take one more chat question before moving back to audio. 70 . I'm happy to point out that in addition to higher volumes, we were able to also deliver better net realizations than our guidance. The material costs were up by about GBP 40 per tonne, primarily again driven by the inventory liquidation, higher energy prices and employee-related costs, but this was partly offset by the lower raw material costs and the other expense. And to enable this, we've taken multiple initiatives throughout the year, not only from using higher scrap in our furnaces in Jajpur, Kalinganagar and Angul. So there we are not impacted by the coal shortage. , 30 ! TATA STEEL . So there is an indirect impact.

And most of these are getting finalized as far as specific execution plan is concerned. The Accessibility tool will help you to increase/decrease font size, change different contrast scheme on our website. That's a very important part of the long-term value of Tata Steel in Netherlands and Tata Steel in U.K.



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