Tata Steel Ltd


BSE: 500470 | NSE: TATASTEEL | ISIN: INE081A01012 
Market Cap: [Rs.Cr.] 30,297 | Face Value: [Rs.] 10
Industry: Steel - Large

 Discuss this stock

Board Meet

23-May-13 
Tata Steel Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 23, 2013, inter alia, to consider and take on record the audited standalone financial results and audited consolidated financial results for the year ended March 31, 2013 and recommend dividend, if any. 
25-Apr-13 
Tata Steel Ltd has informed BSE that Mr. S. M. Palia, Non Executive Director of the Company has stepped down from the Board of the Company on April 25, 2013, on attaining the age of 75 years, in accordance with the Company's Retirement Policy. 
13-Feb-13 
Tata Steel Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 13, 2013, inter alia, to consider and take on record the audited standalone financial results and unaudited consolidated financial results for the quarter/ nine months ended December 31, 2012 (Q3). 
14-Dec-12 
The Board of Directors of the Company at its meeting held on December 14,2012,appointed Mr. Cyrus P.Mistry as the Chairman of the Board w.e.f.December 28,2012 on the retirement of Mr. Ratan N.Tata.The Board conferred on Mr.Ratan N. Tata the honorary title of Chairman Emeritus. Tata Steel Ltd has informed BSE that the Board of Directors on December 14, 2012, announced the appointment of Mr. Cyrus P. Mistry as the Chairman of the Board with effect from December 28, 2012 on retirement of Mr. R. N. Tata on that date. The Board conferred on Mr. Tata the honorary title of Chairman Emeritus. (As per BSE Announcement Dated on 14.12.2012)  
09-Nov-12 
Tata Steel Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 09, 2012, inter alia, to consider and take on record the audited standalone financial results and unaudited consolidated financial results for the quarter/ six months ended September 30, 2012 (Q2). 

AGM

14-Aug-12
Tata Steel Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 18, 2012 to July 24, 2012 (both days inclusive) for the purpose of Payment of Dividend & Annual General Meeting (AGM) of the Company to be held on August 14, 2012. Dividend, if declared at the said AGM, will be paid on and from August 17, 2012 to the shareholders entitled to receive the same. Tata Steel Ltd has informed BSE that the 105th Annual General Meeting (AGM) of the Company will be held on August 14, 2012. (As Per bSE Announcement Website Dated on 04/08/2012) Tata Steel Ltd has informed BSE regarding Disclosure of Voting Results of the 105th Annual General Meeting (AGM) of the Company held on August 14, 2012, under Clause 35A. ( As Per BSE Announcement Dated on 16.08.2012) Tata Steel Ltd has informed BSE that the 105th Annual General Meeting (AGM) of the Company was held on August 14, 2012. (As per BSE Announcement Dated on 24.09.2012)n  
03-Aug-11
Tata Steel Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 06, 2011 to July 12, 2011 (both days inclusive) for the purpose of Payment of Dividend & Annual General Meeting (AGM) of the Company to be held on August 03, 2011. 
13-Aug-10
Tata Steel Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 14, 2010 to July 20, 2010 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on August 13, 2010. Tata Steel Ltd has informed BSE that the members at the 103rd Annual General Meeting (AGM) of the Company held on August 13, 2010, inter alia, have accorded to the following: 1. Adoption of the Directors' Report, Auditors' Report and the Audited Profit and Loss Account for the year ended March 31, 2010 and the Balance Sheet as at that date. 2. Confirmed and approved the proportionate interim dividend at the rate of Rs. 0.838356 per share on 547,266,011 - 2% Cumulative Convertible Preference Shares (CCPS) of Rs. 100/- each in respect of the financial year 2009-10 as the final dividend on the CCPS for the year ended March 31, 2010. 3. Declared a dividend at the rate of Rs 8/- per Ordinary Share on 887,214,196 Ordinary Shares of Rs.10/- each in respect of the period of 12 months ended March 31, 2010. 4. Re-appointed Mr. S. M. Palia, Mr. Suresh Krishna, Mr. Ishaat Hussain & Mr. Andrew Robb as Directors. 5. Re-appointed Messrs Deloitte Haskins & Sells, the retiring auditors of the Company, as auditors of the Company to hold office from the conclusion of this meeting upto the conclusion of the next Annual General Meeting of the Company to examine and audit the accounts of the Company at Mumbai for the Financial Year 2010-11. Messrs Deloitte Haskins & Sells be authorised to examine and audit the accounts of the Company at Jamshedpur, Mines, Collieries, Bearings Division, Tubes Division, Ferro Alloys and Manganese Division, Wire Division and other Divisions for the financial year 2010-11. 6. Appointed Mr. B. Muthuraman as a Director of the Company. 7. Appointment and terms of remuneration of Mr. H M Nerurkar, Managing Director of the Company for the period from October 01, 2009 to October 31, 2013 upon the terms and conditions with liberty to the Directors to alter and vary the terms and conditions of the said appointment in such manner as may be agreed to between the Directors and Mr. H. M. Nerurkar. 8. Re-appointed Messrs Deloitte & Touche, Singapore, the retiring Branch Auditors of the Singapore Branch of the Company, as the Branch Auditors of the Company to hold office from the conclusion of this meeting upto the conclusion of the next Annual General Meeting of the Company and to examine and audit the books of account of the Branch Office of the Company located at Singapore for the financial year 2010-11 on such remuneration as may be mutually agreed upon between the Board of Directors and the Branch Auditors, plus reimbursement of service tax, out-of-pocket, travelling and living expenses, incurred in connection with the audit. (As Per BSE Announcement Website dated on 21.09.2010) 
27-Aug-09
Tata Steel Limited has submitted to the Exchange a copy of Notice of the Annual General Meeting of the Shareholders of the Company to be held on August 27, 2009. Tata Steel Ltd has informed BSE that the members at the 2nd Annual General Meeting (AGM) of the Company held on August 27, 2009, inter alia, have accorded to the following: 1. Adoption of the Directors Report, Auditors Report and the Audited Profit & Loss Account for the year ended March 31, 2009 and the Balance Sheet as at that date. 2. Declaration of dividend at the rate of Rs 2/- per Cumulative Convertible Preference Share (CCPS) on 547,266,011 CCPS of Rs 100/- each, in respect of the period of 12 months ended March 31, 2009 Further, declaration of dividend at the rate or Rs 16 per share on 730,592,471 Ordinary Shares of Rs 10/- each in respect of the period of 12 months ended March 31, 2009. 3. Re-appointment of Mr. R N Tata, Mr. Nusli N Wadia, Mr. Subodh Bhargava & and Mr. Jacobus Schraven, as Directors of the Company. 4. Re-appointment of Messrs. Deloitte Haskins & Sells, as Auditors of the Company to hold office from the conclusion of this meeting upto the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions. Further resolved that, Messrs Deloitte Haskins & Sells, are authorised to examine and audit the accounts of the Company at Jamshedpur, Mines, Collieries, Bearing Division, Tubes Division, Ferro Alloys & Manganese Division, Wire Division and other Divisions for the financial year 2009-10. 5. Appointment of Mr. Kirby Admas & Mr. H. M. Nerurkar, as Directors of the Company. 6. Appointment of Mr. H. M. Nerurkar, as Executive Director of the Company for a period from April 09, 2009 to October 31, 2013, on remuneration terms & conditions. 7. Authority to the Board, Company to create, issue, offer and allot, (including with provisions for reservation on firm and/or competitive basis, of such part of issue and for such categories of persons as may be permitted), in the course of one or more public or private offerings in domestic and/or one or more international market(s), with or without a green shoe option, Ordinary Shares and/or Ordinary Shares through depository receipts and/or convertible bonds and/ or other securities convertible into Ordinary Shares at the option of the Company and/or the holder(s) of such securities, and/or securities linked to Ordinary Shares and/or securities including non- convertible debentures with warrants or other securities with or without warrants, which may either be detachable or linked, and which warrant has a right exercisable by the warrant holder to subscribe for the Ordinary Shares and/or warrants with an option exercisable by the warrant-holder to subscribe for Ordinary Shares and/or any instruments or securities representing either Ordinary Shares and/or convertible securities linked to Ordinary Shares (including the issue and allotment of Ordinary Shares pursuant to a Green Shoe Option, if any), (all of which are hereinafter collectively referred to as Securities) to eligible investors under applicable laws, regulations and guidelines (whether residents and/or non-residents and/or institutions/banks and/or incorporated bodies, mutual funds, venture capital funds and Indian and/or multi-lateral financial institutions and/or individuals and/or trustees and/ or stabilising agents or otherwise, and whether or not such investors are members of the Company), through prospectus and/or letter of offer or circular and/or on public and/or private/preferential placement basis, such issue and allotment to be made at such time/times, in one or more tranches, for cash, at such price or prices, in such manner and where necessary, in consultation with the Book Running Lead Managers and/or other Advisors or otherwise, on such terms and conditions as the Board, may, in its absolute discretion, decide at the time of issue of Securities provided that the total amount raised through the issuance of such Securities does not exceed Rs. 5,000 crores or its equivalent in one or more currencies, including premium if any as may be decided by the Board, to investors as mentioned above, , subject to necessary provisions and approvals. 8. Re-appointment of Messrs. Deloitte & Touche, Singapore, as the Branch Auditors the Company to hold office from the conclusion of this meeting upto the conclusion of the next Annual General Meeting of the Company and to examine and audit the books of account of the Branch Office of the Company located at Singapore for the financial year 2009-10 on remuneration, terms & conditions. (As Per BSE Announcement Dated on 15/10/2009) 
28-Aug-08
AGM 28/08/2008 Tata Steel Ltd has informed BSE that the members at the 101st Annual General Meeting (AGM) of the Company held on August 28, 2008, inter alia, have accorded to the following: 1. Adoption of the Directors Report, Auditors Report and the Audited Profit & Loss Account for the year ended March 31, 2008 and the Balance Sheet as at that date. 2. Declaration of dividend at the rate of Rs 2/- per Cumulative Convertible Preference Share (CCPS) on 547,251,605 CCPS of Rs 100/- each, payable pro-rata from the date of allotment of CCPS i.e. January 18, 2008 upto March 31, 2008. Further, declaration of dividend at the rate or Rs 16 per share on 730,584,320 Ordinary Shares of Rs 10/- each in respect of the period of 12 months ended March 31, 2008. 3. Re-appointment of Mr. S M Palia, Mr. Suresh Krishna, Mr. Ishaat Hussain and Dr. J J Irani, as Directors of the Company. 4. Re-appointment of Messrs. Deloitte Haskins & Sells, as Auditors of the Company to hold office from the conclusion of this meeting upto the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions. Further resolved that, Messrs Deloitte Haskins & Sells, are authorised to examine and audit the accounts of the Company at Jamshedpur, Mines, Collieries, Bearing Division, Tubes Division, Ferro Alloys & Manganese Division, Wire Division and other Divisions for the financial year 2008-09. 5. Appointment of Mr. Andrew Robb and Dr. T Mukherjee, as Directors of the Company. 6. Authority to the Board, for borrowing from time to time any sum or sums of monies which together with the monies already borrowed by the Company (apart from temporary loans obtained or to be obtained from the Company's bankers in the ordinary course of business) may exceed the aggregate of the paid up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose, provided that the total amount so borrowed by the Board shall not at any time exceed the limit of Rs 40,000 crores, subject to necessary provisions and approvals. 7. Authority to the Board, to create such charges, mortgages and hypothecations in addition to the existing charges, mortgages and hypothecations created by the Company, on such movable and immovable properties, both present and future, and in such manner as the Board may deem fit, together with power to take over the management and concern of the Company in certain events in favour of Banks / Financial Institutions, other investing agencies and trustees for the holders of debentures / bonds / other instruments to secure rupee / foreign currency loans and / or the issue of debentures whether partly / fully convertible or non-convertible and / or securities linked to Ordinary shares and / or rupee / foreign currency convertible bonds and / or bonds with share warrants attached ("Loans") provided that the total amount of loans together with interest thereon, additional interest, compound interest, liquidated damages, commitment charges, premia on pre-payment or on redemption, costs, charges, expenses and all other moneys payable by the Company in respect of the said Loans, shall not, at any time exceed the limit of Rs 40,000 crores, subject to necessary provisions and approvals. 8. Re-appointment of Messrs. Deloitte & Touche, Singapore, as the Branch Auditors the Company to hold office from the conclusion of this meeting upto the conclusion of the next Annual General Meeting of the Company and to examine and audit the books of account of the Branch Office of the Company located at Singapore for the financial year 2008-09 on remuneration, terms & conditions. (As Per BSE Announcement Website dated on 10.10.2008) 

EGM

07-Mar-07
Tata Steel Ltd has announced that at the meeting convened by the Court and held on March 07, 2007, (the "Court Meeting") and at the subsequent Extraordinary General Meeting the scheme of arrangement (the "Scheme") to implement the recommended offer for Corus by Tata Steel UK Ltd, a wholly-owned indirect subsidiary of the Company at a price of 608 pence per ordinary share in cash (the "Tata Offer") was considered. At both the Court Meeting and the Extraordinary General Meeting, Shareholders approved the Scheme by the requisite majority. The resolution in relation to the Court Meeting and Extraordinary General Meeting is as follows: Special resolution to approve the Scheme, to amend the Articles of Association of the Company, to cancel all the Cancellation Shares and the Corus Deferred Shares, to reduce the share capital of the Company, to increase the authorised capital of the Company and to authorise the allotment of shares. In total, 31,985 shareholders holding, in aggregate, 232,771,300 shares attended the Court Meeting in person and shareholders holding, in aggregate, 233,034,491 shares attended the Extra Ordinary General Meeting in person. The announcement released in London on March 07, 2007 is as follows: Corus Group plc (the "Company" or "Corus") - Results of Court Meeting and EGM Corus on March 07, 2007, announces that at the meeting convened by the Court and held March 07, 2007, (the "Court Meeting") and at the subsequent Extraordinary General Meeting the scheme of arrangement (the "Scheme") to implement the recommended offer for Corus by Tata Steel UK Ltd at a price of 608 pence per ordinary share in cash (the "Tata Offer") was considered. At both the Court Meeting and at the Extra Ordinary General Meeting, Shareholders approved the Scheme by the requisite majority. The resolution in relation to the Court Meeting and Extra Ordinary General Meeting is as follows: Special resolution to approve the Scheme, to amend the Articles of Association of the Company, to cancel all the Cancellation Shares and the Corus Deferred Shares, to reduce the share capital of the Company, to increase the authorised capital of the Company and to authorise the allotment of shares. In total, 31,985 shareholders holding, in aggregate, 232,771,300 shares attended the Court Meeting in person and shareholders holding, in aggregate, 233,034,491 shares attended the Extraordinary General Meeting in person. The expected timetable of the remaining principal events required to implement the Scheme is as follows: March 27, 2007 - Court hearing to sanction the Scheme March 29, 2007 - Dealings in Corus Shares suspended on the London Stock Exchange and the Amsterdam Stock Exchange and dealings in Corus ADSs suspended on the New York Stock Exchange. March 30, 2007 - Court hearing to confirm the Reduction of Capital April 02, 2007 - Effective Date of the Scheme Tate Steel announced on February 07, 2007 that it intends to despatch the consideration pursuant to the Scheme as soon as practicable following the Effective Date and, if practicable, on the Effective Date. Tata Steel, in any event, required under the terms of the Scheme to despatch the consideration pursuant to the Scheme not more than 14 days after the Effective Date. Capitalised terms used, but not defined, in this announcement have the same meaning as given to them in the circular posted to shareholders on November 10, 2006 (the "Scheme Document"). Tata Steel Ltd has informed BSE that at a hearing held on March 27, 2007, the High Court of Justice in England and Wales passed an order sanctioning the Scheme of Arrangement (the "Scheme") relating to the recommended offer for acquisition of Corns Group Plc, by the Company through its wholly owned indirect subsidiary, Tata Steel UK Ltd, at a price of 608 pence per ordinary share in cash. This follows approval of the Scheme, by the requisite majorities of Corus shareholders, at the Court Meeting and the Extraordinary General Meeting, which were held on March 07, 2007. (As Per BSE Announcement Website Dated on 28/03/2007) 
24-Mar-05
EGM 24/03/2005 To approve raising long term resources requirements of upto Rs.5000 crores for funding the company's growth projects and such other purposes. Tata Iron And Steel Co. Ltd. has informed the Exchange that the BoD's at its meeting held on January 20, 2005, has approved convening of an Extra Ordinary General Meeting of the shareholders' on March 24, 2005 for obtaining their approval for raising long term resource requirements of upto Rs.5,000 crores for funding the Company's growth projects and such other purposes as may be approved by the Board. (As per NSE bulletin dated on 28/01/2005) The Company has informed that the members at the Extra Ordinary General Meeting of the Company held on March 24, 2005, inter alia, have accorded to the following: 1. Authority to the Board to issue, offer & allot securities through public issue and/or on a private placement basis pursuant to the Section 81 of the Companies Act, 1956, such that the total amount raised through the securities including premium if any shall not exceed Rs 50000 million or its equivalent in one or more currencies on such terms and conditions as the Board at its absolute discretion deem fit. 2. Authority to the Board to borrow from time to time any sum or sums of monies which together with the monies already borrowed by the Company may exceed the aggregate of the paid up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose, provided that the total amount so borrowed by the Board shall not at any time exceed the limit of Rs 1,05,000 million. 3. Authority to the Board to create such charges, mortgages and hypothecations in addition to the existing charges, mortgages and hypothecations created by the Company, on such movable and immovable properties, both present and future and in such manner as the Board may deem fit, in favour of Banks / Financial Institutions, other investing agencies and trustees for the holders of debentures / bonds / other instruments to secure rupee / foreign currency loans and / or the issue of debentures / bonds / other instruments to secure rupee / foreign currency loans and / or the issue of debentures whether partly / fully convertible or non-convertible and / or securities linked to Ordinary Shares and / or rupee / foreign currency convertible bonds and / or bonds with share warrants attached provided that the total amount of loans together with interest thereon, additional interest, compound interest, liquidated damages, commitment charges, premia on pre-payment or on redemption, costs, charges, expenses and all other moneys payable by the Company in respect of the said loans, shall not, at any time exceed the limit of Rs 1,05,000 million. 
19-Mar-03
The Company has informed that at the EGM of the Company held on 19/03/03 it has been resolved that an amount not exceeding Rs.1550 crores in aggregate out of the balance standing in the Capital Redemption Reserve Account and the Securities Premium account (known as Share Premium Account in the books of accounts) of the Company as at 31/03/02 be utilised for adjustment of the balance of Miscellaneous Expenditure (to the extent not written toff or adjusted) as at 31/12/02 and accretions/variations thereto during the period January 1,2003 to March 31,2003. 

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Tata Steel 30,296.90 5.71 0.58 5.25 13.5 14.5 0.55
S A I L 26,187.56 8.82 0.66 6.33 9.2 10.1 0.46
JSW Steel 15,760.08 6.74 0.87 5.83 11.0 12.7 0.78
Bhushan Steel 10,511.87 10.95 1.35 9.84 15.5 9.0 2.85
Essar Steel 5,907.69 0.00 0.79 0.00 -14.4 1.2 2.51
JSW ISPAT 2,383.44 4.51 -23.10 15.64 0.0 0.0 9.01
Jindal Saw 2,296.60 6.74 0.65 12.20 7.9 10.0 0.55
Mah. Seamless 1,625.59 7.37 0.77 5.96 15.8 21.8 0.01
Welspun Corp 1,316.01 9.83 0.30 10.71 1.5 4.5 0.85
Jindal Stain. 1,112.35 0.00 0.48 14.58 4.7 5.0 4.19
Uttam Galva 1,096.11 14.93 0.92 5.30 7.9 12.1 2.05
Man Inds. 567.72 4.30 0.78 3.98 17.1 12.9 1.27
PSL 166.53 0.00 0.22 6.79 6.0 9.9 2.56

Futures & Options Quote

 
Expiry Date
313.40 0.80  (0.3%)
Instrument: FUTSTK
Expiry Date: 30 May 2013
Open Price: 312.70
Average Price: 312.67
No. of Contracts Traded: 6,570,000
Open Interest: 17,999,000
Underlying: TATASTEEL
Market Lot: 1000
Previous Close: 313.40
Day’s High | Low: 314.65 | 309.95
Turnover (Cr.): 205.42
Open Int. Change: -264,000.00 ( [1.5]% )
View detailed F& O quotes >>

Key Information

Key Executives:

Ratan N Tata , Chairman Emeritus  

Cyrus P Mistry , Chairman  

Nusli N Wadia , Director  

Ishaat Hussain , Director  


Company Head Office / Quarters:
Bombay House,
24 Homi Mody Street Fort,
Mumbai,
Maharashtra-400001
Phone : 91-022-66658282
Fax : 91-022-66657724/66657725
E-mail : cosec@tatasteel.com
Web : http://www.tatasteel.com
Registrars:
TSR Darashaw Ltd
6-10 Haji Moosa
Patrawala Ind.Estate
DrEMoses Rd Mahalaxm
Mumbai - 400 011

Fund Holding

 
Scheme Name No. of Shares
HDFC Top 200 Fund (G) 4,771,963
HDFC Equity Fund - (G) 4,267,513
HDFC Tax Saver Fund (G) 3,188,083

Calendar

May-2013
M T W T F S S
20 21 22 23 24 25 26
IPO
listIssue Opening : Just Dial
listIssue Open : Onesource Techm.
Economic Events
list Rightmove House Prices (YoY)
list Fed's Evans Speaks on Economy in Chicago
Results
list India Cements | Voltas | Apollo Hospitals | Future Retail