A dividend of Rs. 3.60 per equity share of Rs.1 each has been recommended for FY23. That company has fixed the payout date as July 10, 2023, subject to approval by shareholders.
Indian Railways and Tata Steel have joined hands to manufacture Vande Bharat trains. Tata Steel and MN Dastur & Co. have signed a business cooperation agreement for end-to-end mining services.
With an annual production capacity of 34 million tonnes, Tata Steel is a global giant. From mining to manufacturing and marketing, the company is fully integrated.
The company's Q4 FY23 revenue from operations declined by 9% to Rs. 62,962 crore, compared to Rs. 69,324 crore in Q4 FY22. The consolidated revenues for the full fiscal year remained almost the same at Rs. 2.43 lakh crore, compared to the previous year.
Tata Steel's risk management process is dynamic. It has top-down and bottom-up approaches and three levels of responsibility. The company is implementing short-term fixes and long-term strategies to ensure business continuity and resilience against unforeseen events.
Tata Steel's manufacturing strategy focuses on the security of raw materials to achieve cost competitiveness and efficiency. This makes it the lowest-cost steel producer in Asia. The company's raw material division has captive iron ore and coking coal mines in Odisha and Jharkhand. The raw materials and iron-making groups perform key manufacturing functions, while shared services ensure continuous support for smooth production. The company's growth strategy includes capacity expansion plans in Jamshedpur and Kalinganagar to strengthen its product portfolio in India.