- In the first quarter ended June 30, Tata Steel’s branded portfolio, Tata Tiscon and Tata Steel, saw a growth of more than 30 per cent year-on-year.
- Tata Steel has approved a capital expenditure of ₹33,873 crore to expand the capacity of Neelachal Ispat Nigam Ltd (NINL) by 4.8 million tonnes, boosting its manufacturing presence in India.
- Upon completion, NINL will have a total capacity of 6.2 million tonnes, aligning with Tata Steel’s goal to reach 40 million tonnes capacity in India.
- T.V. Narendran, CEO and managing director of Tata Steel, stated that the expansion 'is central to our strategy of deepening our presence in high-margin and branded long products'.
- Koushik Chatterjee, executive director and CFO, mentioned that NINL generated an EBITDA of ₹498 crore with a margin of 29 per cent, providing confidence for the expansion project.
Tata Steel has approved a significant capital expenditure of ₹33,873 crore to expand the capacity of Neelachal Ispat Nigam Ltd (NINL) by 4.8 million tonnes, aiming to bolster its manufacturing presence in India. This expansion is part of Tata Steel's strategy to enhance its production capabilities amidst a challenging operating environment in Europe.123
The expansion will increase NINL's capacity to 6.2 million tonnes, aligning with Tata Steel's goal to reach 40 million tonnes capacity in India, up from the current 27.4 million tonnes.4
T.V. Narendran, CEO and managing director of Tata Steel, emphasized that the expansion is central to their strategy of deepening their presence in high-margin and branded long products. Meanwhile, Koushik Chatterjee, executive director and CFO, highlighted that NINL generated an EBITDA of ₹498 crore, reflecting a robust margin of 29 per cent, which provides confidence for the expansion project.56
In the first quarter ended June 30, Tata Steel's branded portfolio, including Tata Tiscon and Tata Steel, saw a remarkable growth of more than 30 per cent year-on-year, indicating strong market demand and operational performance.
“T.V. Narendran, CEO of Tata Steel, emphasized that the expansion 'is central to our strategy of deepening our presence in high-margin and branded long products.' Additionally, Koushik Chatterjee, CFO, noted that NINL generated an EBITDA of ₹498 crore with a margin of 29 per cent, boosting confidence in the expansion project.”
