European Operations

Tata Steel: Profit share from India to rise in the long term

Tata Steel India operations are integrated and the majority of incremental profits will come from India, given the capex guidance.

Experts doubt if Tata Steel EBITDA/tonne will sustain

Pritesh Jani of Religare Capital Markets says the EBITDA/tonne for Indian business was in line with their expectations. However, Europe at USD 50/tonne was a positive surprise because in last quarter they were at minus USD 15/tonne, so it was a swing of plus USD 65

Apollo Tyres earmarks Rs 3,200-cr capex for FY'17

Apollo Tyres has earmarked a capex of over Rs 3,200 crore for the current fiscal for its domestic as well as European operations

Ind-Ra puts Tata Steel on rating watch post biz restructuring

"While cutting down losses by curtailing overseas operations would be a credit positive for TSL, the uncertain timelines associated with this goal could delay the expected recovery in its credit profile," Ind-Ra said in a statement today.

As Europe struggles, companies focus on cost cuts

Glistening chains on the turnstyles at Ford Motor Co.'s plant in east London illustrate how, even when companies unveil positive news about their European operations, it may not mean things are picking up in the economy.

Rising costs in Europe party pooper, says Tata Steel

Rising input costs and pressure from European operations led to dismal quarter, says Tata Steel.

Tata Steel Europe to pass price hikes on to clients

Tata Steel Europe expects input costs rising by 70-80 pounds per tonne due to higher raw material prices but will pass all of these on to customers from April 1, its chief executive told Reuters on Tuesday.