Tata Steel reported a surge in fiscal second-quarter profit, as adjusted EBITDA more than tripled to 17,810 crore ($204 million), on a 55% increase in revenue to 60,283 crore. The operating profit missed expectations while revenue came in above estimates. The company said steel deliveries in India rose by 11% sequentially despite a contraction in market demand, and rising prices lifted its European operations.
The tasks of decarbonising the economy and securing supply chains do not come bigger than for the sprawling steel plant in Port Talbot in Wales.
PyroGenesis Canada Inc (NASDAQ: PYR) subsidiary, Pyro Green-Gas, has received ~.5 million under an existing .3 million contract with Tata Steel. The company expects to receive the balance of ~$3 million within the next nine months. Under the contract, Pyro Green-Gas has the mandate to supply a coke oven gas purification and hydrogen production processes that, if successful, will purify coke oven gas and extract hydrogen of high purity (99.999%) and value. Additionally, Pyro Green-Gas has also si