India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Tata Steel shares were in focus on Monday as investors weighed the company’s latest plans to sharply increase its domestic production capacity and reinforce market leadership. According to recent disclosures, Tata Steel aims to boost its India capacity by nearly 50 per cent, anchored by brownfield expansions and deeper backward integration across key sites.
The roadmap includes a 4.8 million tonnes per annum (MTPA) Phase-1 expansion at Neelachal Ispat Nigam Ltd (NINL), new thin-slab casting and rolling facilities at Meramandali, and additional downstream investments such as a proposed hot rolled pickling and galvanising line at Tarapur. These projects are designed to strengthen Tata Steel’s long products and value-added flat steel portfolio while improving its geographic reach, including a stronger presence in western India.
Alongside capacity additions, the company is tightening its raw material strategy through pellet, mining and logistics partnerships, including its recently announced stake in Thriveni Pellets and collaborations with Lloyds Metals & Energy. Analysts say this integrated approach is aimed at securing ore and pellet supplies for the expanded network, supporting margins over the cycle. Overall, the expansion blueprint signals Tata Steel’s intent to leverage India’s structural steel demand growth while consolidating its position as a leading, fully integrated steel producer.
Also Read : Thyssenkrupp Braces for Heavy 2026 Loss on Steel Restructuring Jindal Stainless Launches Stainless Steel Salt Tipper Trailers for Safer Transport
As part of the 'Invest in Odisha' initiative, the ACME Group has joined forces with IHI Corporation...
Small Enterprises 23-Jan-2024
The Union Cabinet, chaired by the Prime Minister, approved the signing of an MoU between India and B...
Press Releases 13-Mar-2024
The Coal Ministry intends to provide consumers in the non-regulated sector (NRS) with long-term coal...
Announcement 27-Jun-2024
✅ India challenges EU’s steel safeguards at WTO over export concerns.✅ Measures could restri...
Business 20-Mar-2025
Iron Ore Prices Slip as China’s Steel and Property Sectors Show WeaknessChina's iron ore price...
China 16-Jul-2025
1️⃣ India reviews the impact of US duties on steel and aluminium exports.2️⃣ Govt may explore trade...
Announcement 29-Mar-2025