India's Tata Steel falls after co responds to criminal case against Netherlands unit

TATA Steel

13/07/2026 05:22

** Shares of India's Tata Steel TISC.NS fall 2.23% to 186.75 rupees
** Co on Friday said Dutch Public Prosecution Office has summoned Tata Steel's Netherlands unit for suspected criminal offences over alleged pollution at coke and gas plants
** Co said decision to prosecute was for "allowing undercooked coke to occur" and for not reporting this in timely manner; considers allegations "fundamentally to be unjustified"
** TISC on avg rated "hold" by 34 analysts; median PT is 229.50 rupees - data compiled by LSEG
** Stock up 4% YTD
     

 (Reporting by Abhirami G in Bengaluru)
 ((abhirami.g@thomsonreuters.com))