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Earlier, India rating (a fitch group company) had upgraded Tata Steel Limited’s debt tool rating to stabilize ‘AAA’ from ‘AA+’ positive.
To raise Rs 3000 crore through Tata Steel NCDS.
Tata Steel NCD issue: Tata Steel on Friday announced a NCD point of Rs 3000 crore on the basis of private placement. The issue will be listed on the wholesale loan market section of BSE Limited.
The board of Tata Steel in its meeting today approved the issue of NCDS on February 14, 2025 in a number of Rs 3,00,000 in a number of Rs 3,00,000 in a number of Rs 3,00,000.
The NCD issue will be introduced at a fixed rate.
According to the exchange filing, the temporary date of allocation for the NCD issue has been set on 21 February 2025. The temporary date of maturity is 21 February 2030.
Tata steel share price
On Friday, Tata Steel’s shares fell at Rs 134.40 per share during the intraday session. Scrip opened at Rs 136.20 per share, against the previous day as against Rs 136.20 per share.
Tata Steel has a market cap of Rs 1.67 lakh crore, which makes it a component of the BSE Sensex.
Tata Steel Rating Upgrade
Earlier, India rating (a fitch group company) had upgraded Tata Steel Limited’s debt tool rating to stabilize ‘AAA’ from ‘AA+’ positive.
Upgrade FY26-FY27 reflects the possibility of low loss and final profitability in TSL’s operation of UK, given that the UK government has given a total GBP1.25 for replacement of explosion furnaces with more cost-skilled and more cost-skilled by the UK government. Has funded to fund GBP500 million of billion capex. Environmentally friendly electric arch furnace. TSL successfully discontinued both its blast furnace in the UK in September 2024. According to the management, TSL’s UK assets are likely to be broken into 2HFY26. Any high-to-apprised capex in the UK property, however, would be a major monitoring.
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