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Tata Steel aims to spend Rs 20,000 cr in FY27 on expansion, adoption of technologies
Tata Steel plans a capital expenditure of Rs 20,000 crore this fiscal year, with 60% earmarked for its Indian operations. This investment will bolster expansions in tinplate, wires, and new facilities, alongside ongoing projects in mining and sustainability. The company aims to boost its long-term steelmaking capacity to over 50 million tonnes, primarily driven by growth in India.
Stocks in news: LIC, IRFC, Cummins India, Tata Motors PV, ONGC
Indian markets surged on Wednesday, recovering previous day's losses, with banking stocks leading the charge from a strong support zone, signaling a robust uptrend. Key companies like LIC, IRFC, Cummins India, Tata Motors PV, and ONGC are in focus. IRFC's government offer saw strong institutional demand, while Tata Motors plans significant investment in capacity expansion. ONGC is exploring stake acquisition in Venezuela, and LIC's CFO has resigned.
Tata Motors among 4 stocks showing bullish RSI upswing
Four Nifty 500 stocks that gained more than 8% were identified through StockEdge.com's RSI Trending Up scan on June 12. The stocks showed RSI values crossing above 50 from lower levels, indicating strengthening momentum. The list includes Tata Motors, Tata Teleservices (Maharashtra), Netweb Technologies India and Authum Investment & Infrastructure.
Tata Motors chairman N Chandrasekaran sets target high for TaMo's PV business
Tata Motors Chairman N Chandrasekaran has urged dealers to prepare for a significant growth phase, aiming to nearly double annual sales to 1.2 million vehicles and achieve over 20% market share by 2030. This ambitious target is supported by a ₹35,000 crore investment commitment, marking a new chapter for the company's passenger vehicle business.
Tata Motors sees EV bookings surge 2.5x as fuel prices rise
Rising fuel prices are significantly shifting buyer preference towards electric vehicles, with Tata Motors reporting a 2.5 times increase in EV bookings. The company is positioning the new Tiago EV as a financially sound investment, promising cost recovery within four to five years, supported by a segment-first lifetime battery warranty.
Tata Power arm enters PV ingot, wafer manufacturing; ₹6,500 crore investment planned
TPREL to set up up to 10 GW capacity in two phases; move aimed at backward integration and reducing import dependence
Deven Choksey backs power stocks, sees dips in Vedanta as buying opportunity
Deven Choksey of DRChoksey Finserv remains constructive on the power and utilities space, highlighting names like Tata Power, Adani Power and PFC as steady bets despite valuations not being cheap. He prefers large cement players over regional ones, citing scale and cost advantages. For Vedanta, he believes the recent setback is not structural and any dip could offer a buying opportunity. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
BHEL rallies 5%, Tata Power hits 52-week high; what's driving power stocks?
The Ministry of Power outlined a ₹200 trillion ($2.2 trillion) long-term investment roadmap for India's power sector over the next two decades.
Stocks in news: Tata Steel, Kaynes Tech, GAIL, Somany Ceramics, TVS Motor
Indian markets continued their downward trend on Thursday. Several companies saw significant news. BofA Securities invested in Kaynes Technologies. GAIL assured uninterrupted gas supply to Bengaluru. South Indian Bank launched EPF payment services. DCM Shriram approved renewable energy investment. TVS Motor launched a new electric scooter. Tata Steel moved court over a GST demand.
Tata Steel to invest Rs 11,000 cr in Jharkhand; aims to ramp-up advanced grade steel production
Tata Steel will invest eleven thousand crore rupees in Jharkhand. This investment is for developing advanced green steel technology at its Jamshedpur facility. Tata Motors will also invest in hydrogen trucks at the same location. The Tata Group will form an experts' panel to explore further investments in Jharkhand's development.
Macquarie, Blackstone among bidders for Welspun’s green arm
The deal comes close to a decade after BK Goenka’s Welspun Group sold its renewables portfolio to Tata Power. The company has appointed investment bank EY to help it look for buyers, Mint had reported.
Stocks to Watch Today: Emcure, Aurobindo Pharma, HFCL, RBL Bank, Coal India, Tata Steel, ITC Hotels, Power Grid, Godfrey Phillips in focus on 18 May
RBL Bank has announced the completion of the regulatory and governmental approval process for the proposed strategic investment by Emirates NBD Bank.