Tata Steel

Indian equity benchmarks witnessed a measured recovery on Tuesday morning, buoyed by a global market upswing and renewed investor interest in heavyweight stocks such as Reliance Industries and HDFC Bank. The Sensex rose by 177.79 points to reach 83,784.25, while the Nifty gained 51.2 points, advancing to 25,568.25. This rebound follows a decline in the previous session, underlining the volatility stemming from global and domestic market dynamics.

Tata Steel has been issued a show cause-cum-demand notice by tax authorities alleging irregular input tax credit (ITC) claims totaling over Rs 1,000 crore for the fiscal years 2018-19 through 2022-23. The notice requires the company to respond within 30 days to the Central GST and Central Excise authorities in Jamshedpur. While Tata Steel has already remitted over Rs 514 crore in GST during normal business operations, the net disputed exposure stands at approximately Rs 493 crore.

Tata Steel is embarking on a capital expenditure program of Rs. 15,000 crore for FY2025-26, signaling a bold commitment to both capacity expansion and sustainable steelmaking. The lion’s share of this investment—approximately 80 percent—is allocated for domestic operations, with the rest directed toward strategic projects in the United Kingdom and the Netherlands.

Tata Steel has reported a sharp rebound in its financial performance, posting a consolidated net profit of Rs. 1,200.88 crore for the fourth quarter of FY25—more than double the figure from the same period a year earlier. This resurgence was driven by increased income and disciplined cost management. For the full year, the steelmaker returned to profitability with Rs. 3,173.78 crore in net profit, a stark contrast to the Rs. 4,909.61 crore loss it posted in FY24.

On Monday, the benchmark BSE Sensex soared by over 1,000 points to close above the 80,000 mark, a significant rally fueled by strong performances from Reliance Industries and private banks, as well as robust foreign institutional investment. Despite recent geopolitical concerns, including tensions at the India-Pakistan border, the stock market rebounded sharply, posting impressive gains. The rally saw 23 of the Sensex’s 30 stocks end in the green, underlining a resurgence of investor confidence in the Indian equity markets.

India’s equity markets showed strong early gains, with benchmark indices Sensex and Nifty rebounding on Monday, driven by robust foreign institutional investor (FII) inflows and a sharp rally in Reliance Industries. The 30-share Sensex surged by over 450 points, while the Nifty climbed more than 100 points. The rally was also fueled by favorable global market trends. Despite geopolitical tensions and market volatility, FIIs have been net buyers in Indian equities for the past eight days, signaling confidence in India’s macroeconomic fundamentals.

Tata Steel, one of India's largest steel producers, has reported a slight dip in its consolidated steel production for the final quarter of fiscal year 2025 (Q4 FY25). Despite this, the company saw growth in several regions and verticals, particularly in its Indian operations, bolstered by an expanding domestic demand for steel. The company is currently navigating a transitional phase in its UK operations, which contributed to a 5% drop in its total production.