Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  MUMBAI STOCK EXCHANGE  >  Tata Steel Limited    500470   INE081A01012

TATA STEEL LIMITED

(500470)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Tata Steel : enables longest flyover in Andhra Pradesh through its TMT bars and LRPC strands

10/19/2020 | 10:55am EST

Tata Steel has enabled the construction of a 2.6-km long six-lane Kanaka Durga flyover in Vijayawada, Andhra Pradesh the longest in the State.

The Company has supplied 80% of the steel used in the project including 2,000 metric tonnes of Low Relaxation Pre-Stressed Concrete (LRPC) Strands and 10,000 metric tonnes of TMT (thermo-mechanically-treated bars). The strength of the steel proved to be a major enabler in increasing the span between the pillars to 45 metres, nearly double the generally accepted standard of 25 metres.

The landmark project, virtually inaugurated today by Hon'ble Union Minister for Road Transport and Highways, Govt. of India, Shri Nitin Gadkari, and Hon'ble Chief Minister of Andhra Pradesh, Shri Y S Jagan Mohan Reddy, was dedicated to the country. The inauguration and public dedication of this great feat of modern engineering in India will be remembered as a fine example of the Company's commitment and efforts towards building the nation.

V. Ravichandran, Chief of Marketing and Sales, Industrial Products, Projects & Exports, Tata Steel, said: 'Tata Steel has always been at the forefront in contributing towards nation-building projects for the new Atmanirbhar Bharat. With our wide range of products and solutions for construction industry, we have been able to meet the discerning requirements of our customers in terms of time saving and labour expense reduction. We are proud to be a partner of choice for supplying bulk of the steel used in construction of the much-awaited Kanaka Durga flyover.'

Y S Rao, Deputy General Manager, (Procurement), Soma Construction & Development Co. Ltd., and construction contractor for the project, said: 'Tata Steel's quality products like TMT bars, LRPC strands for prestressed technology and the consistency of service, month after month, has helped us to maintain our speed and meet the timelines for construction of this landmark project.'

This 'engineering wonder' raised using state-of-the-art technology is the third-of-its-kind in the country to be constructed with six-lane passage, three each way on the 78-feet wide elevated corridor that includes six curves and two major turnings. The new flyover, spanning the Krishna river and Prakasam barrage and running through Vijayawada city before connecting to National Highway 65, is the longest-of-its-kind in the State of Andhra Pradesh. The bridge's name is inspired from the fact that it curves around Indrakeeladri Hill on which the famous Kanaka Durga temple is located.

The Kanaka Durga flyover, a proud landmark for India and the State of Andhra Pradesh, also joins the growing global family of public infrastructure, iconic projects and buildings enabled by the Tata Steel products. This includes Mumbai's Bandra-Worli Sea Link, Burj Khalifa skyscraper in Dubai, Motera Cricket Stadium in Ahmedabad, Bogibeel bridge in Assam, Statue of Unity in Gujarat, several metro projects across the country, and many more.

About Tata Steel

Tata Steel group is among the top global steel companies with an annual crude steel capacity of 34 million tonnes per annum. It is one of the world's most geographically-diversified steel producers, with operations and commercial presence across the world. The group (excluding SEA operations) recorded a consolidated turnover of US $19.7 billion in the financial year ending March 31, 2020.

A Great Place to Work-CertifiedTM organisation, Tata Steel Ltd., together with its subsidiaries, associates and joint ventures, is spread across five continents with an employee base of over 65,000.

Tata Steel was recognised as DJSI steel sector leader in 2018 and has ranked fourth in the steel sector in 2019. Besides being a member of the worldsteel's Climate Action Programme, Tata Steel has won several awards and recognitions including the World Economic Forum'sGlobal Lighthouse recognition for its Kalinganagar Plant - a first in India, and Prime Minister's Trophy for the best performing integrated steel plant for 2016-17. The Company, ranked as India's most valuable Metals & Mining brand by Brand Finance, received the 'Honourable Mention' at the National CSR Awards 2019, Steel Sustainability Champion 2019 by worldsteel, CII Greenco Star Performer Award 2019, 'Most Ethical Company' award 2020 from Ethisphere Institute, and Best Risk Management Framework & Systems Award (2020) by CNBC TV-18, among several others.

Disclaimer

Statements in this press release describing the Company's performance may be 'forward looking statements' within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company's operations include, among others, economic conditions affecting demand/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/ or other incidental factors.

Contact:

Kulvin Suri

Chief Corporate Communications-India & SEA

Tata Steel

Email: kulvinsuri@tatasteel.com

(C) 2020 Electronic News Publishing, source ENP Newswire

All news about TATA STEEL LIMITED
01/15TATA STEEL : Shareholding pattern Report for the quarter ended December 31, 2020
PU
01/13TATA STEEL : Kolkata Literary Meet 2021 put off owing to the Covid-19 pandemic
AQ
01/13TATA STEEL : Investor Complaints Report for the quarter ended December 31, 2020
PU
01/12TATA STEEL : Compliance Report on Corporate Governance for the quarter ended Dec..
PU
01/12TATA STEEL : Reconciliation of Share Capital Audit Report for the quarter ended ..
PU
01/11TATA STEEL : reports strong quarterly domestic deliveries exports shrink to 11% ..
AQ
01/10Tata Steel's Production Climbs, Sales Shrink in Fiscal Q3
MT
01/08TATA STEEL : recognised among India's Best Work Places for the fourth time
AQ
01/08TATA STEEL : 3QFY21 Production and delivery volumes (Provisional)
PU
01/08TATA STEEL : 3QFY21 Production and delivery volumes (Provisional) - Tata Steel r..
PU
More news
Financials
Sales 2021 1 417 B 19 374 M 19 374 M
Net income 2021 39 663 M 542 M 542 M
Net Debt 2021 956 B 13 066 M 13 066 M
P/E ratio 2021 20,3x
Yield 2021 1,53%
Capitalization 816 B 11 150 M 11 148 M
EV / Sales 2021 1,25x
EV / Sales 2022 1,10x
Nbr of Employees 65 000
Free-Float 65,1%
Chart TATA STEEL LIMITED
Duration : Period :
Tata Steel Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TATA STEEL LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 694,17 INR
Last Close Price 705,55 INR
Spread / Highest target 30,4%
Spread / Average Target -1,61%
Spread / Lowest Target -41,2%
EPS Revisions
Managers and Directors
NameTitle
Thachat Viswanath Narendran Chief Executive Officer, Executive Director & MD
Natarajan Chandrasekaran Chairman
Sahabji Kuchroo Chief Operations Officer-West Bokaro
Koushik Chatterjee Chief Financial Officer & Executive Director
Jayanta Banerjee Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
TATA STEEL LIMITED9.63%11 150
ARCELORMITTAL4.39%25 197
POSCO1.10%19 563
NUCOR4.29%16 748
NIPPON STEEL CORPORATION4.59%12 322
COMPANHIA SIDERÚRGICA NACIONAL S.A.7.88%9 034