ICICI Direct
May 23, 2025 at 06:33 AM
*Key Stock Updates*
🔸*Tata Steel – Kalinganagar Expansion*
* Inaugurated Phase II of Kalinganagar plant in Odisha
* Capacity increased from 3 MT (Million Tonnes) to 8 MT; investment of ₹27,000 Cr
* Boosts Tata Steel’s total India capacity to 26.6 MT
* Focus on flat steel products; prices recently surged by ₹6,500/tonne
* Positive outlook: volume growth, margin improvement, domestic demand
🔸*Tata Motors – Altroz Facelift Launch*
* Launched 2025 Altroz facelift, priced from ₹6.89 lakh to ₹11.29 lakh (ex-showroom)
* Major upgrades: LED tail lamps, 10.25” infotainment + cluster, ventilated seats, 6 airbags (standard)
* Retains petrol/diesel/CNG engines with manual, AMT, DCA options
* Altroz FY25 sales halved YoY to 35K units; held 11.5% share in premium hatchback market
* Aims to double market share; targeting 6,000–7,000 monthly units

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