Vedanta Power, Oil & Gas, and Iron & Steel slide sharply in Friday trade JSW’s Rayalaseema integrated steel plant to boost Andhra Pradesh steel sector Tata Steel advances 40 MTPA capacity roadmap with major India expansion push Turkey wire rod exports fall 4.9% in Jan-May 2026 amid weak market demand
Tata Steel is moving firmly toward its long-term goal of achieving 40 million tonnes per annum (MTPA) steelmaking capacity, backed by major expansion projects across India. The company’s Phase II expansion at Kalinganagar has lifted its total installed capacity to 26.1 MTPA, while the Odisha plant’s capacity has increased from 3 MTPA to 8 MTPA.
The steel major is also strengthening its downstream portfolio in tubes, tinplate, and wires, along with planned expansion at Neelachal Ispat Nigam Limited and the recently inaugurated 0.75 MTPA electric arc furnace in Ludhiana.
Tata Steel’s chairman N Chandrasekaran said the company is focusing on high-value and technology-led segments such as automotive and defence. Despite weak global steel market conditions, India’s steel industry remains resilient, supported by infrastructure, construction, automotive, and industrial demand.The company also expects its UK operations to become EBITDA and PAT positive by FY29, with work progressing on the Port Talbot electric arc furnace project. Overall, Tata Steel’s capacity roadmap highlights its push toward larger, greener, and more advanced steel manufacturing.
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