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Tata Steel’s board has reaffirmed its long-term growth roadmap for India and approved a series of strategic investments aimed at scaling capacity, deepening integration and advancing low-carbon steelmaking. At its latest meeting, the board endorsed a disciplined capital allocation approach focused on four pillars: volume growth, value-added downstream expansion, mining and infrastructure assets, and next-generation low-carbon technologies.
A key decision was in-principle approval for a 4.8 mtpa Phase-1 expansion at Neelachal Ispat Nigam Ltd (NINL), which will significantly boost Tata Steel’s long products portfolio, especially in the retail construction segment. The board also cleared funding for design and regulatory work on a proposed 2.5 mtpa thin-slab caster and rolling facility at Meramandali, Odisha, to expand thinner-gauge flat steel capacity.
Further downstream, the company will set up a 0.7 mtpa hot rolled pickling and galvanizing line (HRPGL) at its Tarapur complex in Maharashtra, targeting advanced automotive grades and import substitution. These projects sit alongside recently approved moves such as acquiring a 50.01% stake in Thriveni Pellets and progressing a 1 mtpa Hisarna-based low-carbon steel plant, reinforcing Tata Steel’s push to combine growth, raw material security and decarbonisation in its India business.
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