India volumes are set to recover as maintenance ends, while improving UK and European operations and a richer value-added product mix could support earnings and valuations.
Tata Steel UK is expecting to secure access to electricity for its 3.2 million tonne electric arc furnace by 2029, company CEO T V Narendran said, noting that there is no delay in the construction of the project. As part of its decarbonisation plan, the steel major is setting up the UK's largest low-carbon EAF (electric arc furnace) project at Port Talbot replacing the non-operational blast furnace plant of similar capacity with an investment of 1.25 billion pounds. In a virtual interaction, Narendran, who is also the MD of Tata Steel, said the project is on track and will be ready by 2028. But the power supply may start in 2029. Talks are underway with National Grid -- the power supplier -- to work out solutions if the power supply can start early as Tata Steel UK (TSUK) will have to conduct trials before operationalising the project. "We are working with the power supplier to see if can we get some power supply before, because they are building the infrastructure. So if we can ge
Tata Steel expects stronger Q2 volumes across India and Europe despite margin pressure, while pursuing decarbonisation in the Netherlands and expanding Neelachal Ispat
Tata Steel reported an 11.6 per cent year-on-year (Y-o-Y) increase in consolidated net profit to ₹2,318.35 crore in the first quarter of 2026-27.
India operations drive earnings as board clears 4.8 MTPA expansion at Neelachal Ispat Nigam; overseas business faces operational and regulatory challenges
Q1FY27 company results: Firms including Mahindra & Mahindra, Hyundai Motor India, Mazagon Dock Shipbuilders, Mankind Pharma, and Exide Industries are also to release their April-June earnings today
Stocks to watch today: Bajaj Finance, Vedanta Ltd, Tata Steel, Bajaj Housing Finance, Dabur India, PNB, RCF, IRFC, Torrent Pharma, Vedanta Power, Waaree Energies, among others, will be in focus today.
Brokerages expect higher domestic steel prices and better realisations to support Tata Steel's Q1FY27 earnings despite elevated coking coal costs and weaker Europe operations.
Key constituents of Nifty Metal index, steel stocks face a challenging earnings season amid diverging domestic pricing trends and mounting global risks from China and tighter EU import restrictions.
Tata Steel on Monday said it plans to invest Rs 10,000 crore in its Jharkhand projects by 2028, which will create 2,000 direct and indirect jobs. The company aims to have 40 million tonnes per annum (MTPA) steelmaking capacity in India, up from the present 27.35 MTPA, through capacity expansion and transition to low-emitting steelmaking routes. "Tata Steel is committed to invest Rs 10,000 crore in its Jharkhand projects, including Rs 7,000 crore in HIsarna & Easy Melting Technology by 2028. In total, the investment will create 2,000 direct and indirect jobs," a company official told the media here. Tata Steel Chief of Corporate Communication, Sarvesh Kumar, said proposed investments included Rs 2,600 crore in expansion of the Tinplate Division, while Rs 1,500 crore will be invested in the Combi mill. HIsarna, a patented Tata Steel technology, is an innovative low-carbon iron-making route that enables direct production of iron without the need for conventional coke, sinter, or ...
Driven by Tata Steel SEZ, Gopalpur industrial park has attracted over Rs 65,000 crore of investments across green hydrogen, solar, specialty chemicals and advanced manufacturing
The Nifty Metal index surged 2.5% led by Hindalco, NALCO and Hindustan Copper as aluminium prices rose over 5% from recent lows in July.
Higher steel and aluminium prices, better realisations and firm global metal trends are expected to support Q1 FY27 earnings despite higher input costs and softer volumes
Stocks to watch today: TCS, SBI, Tata Steel, GMR Airports, M&M, HFCL, RIL, Fortis Healthcare, JSW Infra, Swiggy, Pidilite, Shree Cement, among others, will be in focus today
Dutch prosecutors will prosecute Tata Steel IJmuiden over alleged environmental offences linked to air pollution, while the company says the allegations are unjustified
Stocks to watch today: HDFC Bank, Coal India, Tata Steel, Sobha Ltd, Bank of Baroda, Radico Khaitan, Senco Gold, Fortis Healthcare, IndusInd Bank, Dabur, among others, will be in focus today.
Tata Steel is looking to spend around Rs 20,000 crore as capex in the current financial year and a major share of it will be spent to support the India business, the company's management said. The capex for the ongoing FY27 will be around 38 per cent higher from Rs 14,559 crore that Tata Steel has spent on capital expenditure in the preceding 2025-26 financial year. "In FY26, we spent Rs 14,559 crore on capital expenditure, and we plan to increase this to approximately Rs 20,000 crore in FY 2026-27, with 60 per cent allocated to India," said Tata Steel's CEO & MD T V Narendran, and Koushik Chatterjee, the company's Executive Director & Chief Financial Officer. The management made the statement in reply to a question related to Tata Steel's capex plans and long-term growth strategy. They said the capital allocation strategy for FY27 focuses on a balanced mix of sustenance projects, ongoing investments in value-added downstream and infrastructure projects, new technologies, and .
Systematix said that it remains structurally positive on long-term growth outlook for India's integrated steel sector. The brokerage has initiated coverage on Jindal Steel & Jindal Stainless with Buy.
Chairman Natarajan Chandrasekaran says Dutch operations remain self-funded, while the company targets 800 million-1 billion euros in EBITDA over the longer term
Japan has approved 25-year CfD support for the ACME-IHI green ammonia project in Odisha, strengthening its commercial viability and India's green hydrogen ambitions