Tata Steel doubles down on India with NINL expansion, Maharashtra push

Tata Steel has announced an India expansion blueprint, including an in-principle 4.8 mtpa capacity addition at NINL and an MoU with Lloyds Metals

Reaffirming its long-term growth strategy for India, Tata Steel on Wednesday announced an expansion blueprint, including plans to add 4.8 million tonnes (mt) of capacity at Neelachal Ispat Nigam Ltd (NINL), and to explore a greenfield steel plant in Maharashtra to tap rising demand across western and southern markets.

 

What investment priorities has Tata Steel outlined for India?

 

In a statement, the company said that in line with its stated objective of pursuing prudent capital allocation and profitable growth, Tata Steel will prioritise investments in volume growth, a value-added downstream portfolio, mining assets and infrastructure, and low-carbon, low-capital-intensity process technologies