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Major capex focus on expanding and modernizing Indian operations.
UK and Netherlands investments target decarbonization and efficiency.
Strategy positions Tata Steel for long-term, sustainable global growth.
Tata Steel has unveiled a capital expenditure (capex) plan of ₹15,000 crore (~$1.76 billion) for the fiscal year 2025–26, focusing on operations in India, the UK, and the Netherlands. Approximately 80% of this investment is allocated to ongoing projects in India, with the remainder directed towards initiatives in the UK and the Netherlands.
Key Highlights:
India:
Investment: ₹11,000 crore
Projects:
Expansion of a 5 million tonnes per annum (MTPA) blast furnace at Kalinganagar.
Construction of an electric arc furnace (EAF) in Ludhiana.
Downstream expansions, including a combi-mill to convert billets into special bars for the automotive industry.
Future projects include the Neelachal Ispat facility, pending board approval for expansion to 9.5 MTPA.
United Kingdom:
Investment: ₹1,900 crore
Projects:
Transition from blast furnace to low-emission EAF at Port Talbot, South Wales.
Planning permission obtained; site activity to commence in July 2025.
The EAF project aims to reduce carbon emissions by utilizing locally available scrap.
Netherlands:
Investment: Remaining portion of the capex
Projects:
Comprehensive transformation programme at the IJmuiden plant to enhance production efficiencies, lower fixed costs, and optimize product mix and margins.
Ongoing discussions with the Dutch government on decarbonization and environmental measures.
Financial Performance:
For FY2024–25, Tata Steel reported a consolidated EBITDA of ₹25,802 crore, with India contributing ₹29,285 crore, the UK reporting a loss of £385 million, and the Netherlands achieving an EBITDA of €90 million. The company aims to improve profitability in its European operations through strategic investments and cost optimization.
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