Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Tata Steel shares fell 1.67% to ₹159.25 after reporting a slight dip in crude steel production for Q1 FY26. The company produced 5.26 million tonnes of crude steel during the quarter, down marginally from 5.27 MT in the same period last year. Deliveries also dropped to 4.75 MT from 4.94 MT year-on-year.
The decline was primarily due to planned maintenance activities, including the relining of a blast furnace at Jamshedpur and a temporary shutdown at Neelachal Ispat Nigam Limited (NINL). Operations at NINL have since resumed, and the furnace relining is expected to complete by July 2025.
Despite the production dip, Tata Steel reported stable performance across key segments. Deliveries in the Automotive & Special Products division reached 0.77 MT, supported by improved output from new annealing lines. Branded Products & Retail posted 1.46 MT in deliveries, driven by strong consumer demand. Industrial Products & Projects delivered 1.6 MT, with engineering segment growth and a 66% rise in SmartF@B solutions.
Overseas operations remained stable, with Tata Steel Netherlands producing 1.7 MT and the UK arm holding steady at 0.6 MT.
While Q1 results reflect short-term disruption, Tata Steel’s diversified operations and segment growth indicate a strong recovery outlook for the remainder of the fiscal year.
Also Read : Tata Steel Sees Surge as Institutional Interest Builds Tata Steel Nederland Launches Transformation Plan to Boost Efficiency
The threat of cheap steel imports flooding Indian markets has returned to threaten Indian alloy prod...
Ferrous 15-May-2024
Alstom Transport India Ltd started the production of the driverless metro trainsets for the Chennai...
Business 08-Feb-2024
Nvidia briefly outstripped Amazon.com Inc in market capitalisation, propelled by the fervour surroun...
Latin America 13-Feb-2024
Crude oil futures fell on Monday morning as China's recent import statistics showed a drop. On Monda...
Energy 11-Mar-2024
REC Ltd would grant a ₹1,869 crore term loan for the 624 MW Kiru Hydro Electric Project in Kishtwar,...
Mid Corporate 25-Apr-2024
SJVN Green Energy has inked a power supply agreement with Jammu and Kashmir Power Corporation Ltd fo...
Mid Corporate 26-Feb-2024