JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
Tata Steel is aiming to turn its UK operations profitable in the current fiscal year, according to Tata Sons Chairman N. Chandrasekaran. The strategic shift comes as part of the company’s broader restructuring and decarbonization goals.
Following the closure of high-cost blast furnaces at Port Talbot, Tata Steel UK has significantly reduced operational expenses. The unit is now focused on processing imported semi-finished steel to meet downstream demand, improving efficiency and margins.
To further this transformation, Tata Steel is investing £1.25 billion—backed by £500 million from the UK government—into a new 3.2 million tonne Electric Arc Furnace (EAF) facility, slated for completion by 2027–28. This move aligns with Tata Steel’s larger green steel initiative, which includes similar transitions at its Netherlands operations by 2030.
In parallel, the company has launched a cost optimization program targeting ₹11,500 crore in savings by FY26, with ₹3,000 crore expected from the UK alone. Capital expenditure across India, the UK, and the Netherlands is set at ₹15,000 crore for the year.
These initiatives are expected to drive stronger financial performance across revenue, EBITDA, and net profit in FY26, positioning Tata Steel for long-term sustainability and global competitiveness.
Also Read : Govt says 40 bids received via offline mode for coal mines auction under 9th round Coal India sets production and supply records
✅ Indian government recommends a 12% temporary tax on certain steel products.✅ Measure aims to pro...
Business 19-Mar-2025
Nippon Steel is set to acquire a 10% stake in Malaysian pipe and flat steel producer Leform Be...
Asia 10-Mar-2026
Tata Steel to cut 1,600 jobs in Dutch operations amid green transition. Focus shifts to hydrogen-ba...
Business 10-Apr-2025
India's JSW Steel Limited recorded consolidated crude steel production of 6.35 million metric tonnes...
Large Corporate 11-Jul-2024
Swiss company Panatere has inaugurated two solar furnaces in La Chaux-de-Fonds, aimed at recycling s...
Mid Corporate 04-Oct-2025
Chile's SQM, the world's second-largest lithium producer, on Wednesday posted an 82% fal...
South America 29-Feb-2024