Tata Steel has announced ambitious capital expenditure plans for FY27, targeting ₹20,000 crore in investments, representing a 38% increase from the ₹14,559 crore spent in FY26, as reported by Business Standard. CEO & MD T V Narendran and CFO Koushik Chatterjee revealed that 60% of the FY27 capex will be allocated to India, focusing on sustenance projects, value-added downstream investments, infrastructure projects, new technologies, and long-term growth initiatives. The company's current consolidated steelmaking capacity stands at over 36 million tonnes per annum (MTPA) across India (27.35 MT), Netherlands (7 MT), and Thailand (1.7 MT), with plans to increase capacity to over 50 million tonnes in the long-term, mainly through India expansion where the company aims to add over 12 MT.
Tata Steel announced ambitious plans to expand its crude steel capacity from 27.4 million tonnes per annum (MTPA) to more than 40 MTPA over the coming years, as reported by NDTV Profit. The expansion pipeline includes a 4.8 MTPA expansion at Neelachal Ispat Nigam Ltd. (NINL), 2.5 MTPA of finished steel capacity at Tata Steel Meramandali, and a 6 MTPA greenfield project in Maharashtra. The company is also investing in downstream businesses, targeting significant increases in tubes, wires and tinplate capacity while commissioning a new hot rolled pickling and galvanising line. The Kalinganagar expansion is specifically targeted to reach 26.1 MTPA capacity, representing a significant milestone in India's steel sector expansion. In India, the company owns and operates an 11 MTPA steel plants at Jamshedpur, and 1 MTPA at Gamharia in Jharkhand, while in Odisha's Kalinganagar, it has 9 MTPA production capacity including NINL and a 5.6 MTPA plan in Meramandali.
Tata Steel delivered a remarkable financial turnaround in FY26, with Profit After Tax surging to ₹10,886 crore from ₹3,174 crore in the previous year, as reported by the company's investor presentation. Consolidated EBITDA improved by approximately 320 basis points year-on-year to ₹34,848 crore, while revenues rose to ₹2,32,140 crore from ₹2,18,543 crore in FY25. Deliveries increased marginally to 31.97 million tonnes from 30.96 million tonnes in FY25. The company's FY26 cost transformation programme delivered savings of approximately ₹10,868 crore, achieving around 95% compliance against a target of ₹11,500 crore. The savings were distributed across India (36%), UK (18%), and Netherlands (46%), with the Netherlands operations accounting for the largest contribution among geographies. For FY27, Tata Steel has set a fresh target of generating ₹7,140 crore in cost improvements through better raw material efficiency, supply chain optimisation, lower power and fuel costs, improved maintenance practices and operational efficiencies across geographies.
Tata Steel reported 6 fatalities in FY26, compared to 5 in the previous year, while the Lost Time Injury Frequency Rate (LTIFR) was reported at 65, reflecting a 38% reduction over the last 15 years, as reported by the company's investor presentation. The company has impacted over 69 lakh lives and spent more than ₹2,500 crore over the last five years on corporate social responsibility initiatives. On the community front, the company stated it has impacted over 69 lakh lives and spent more than ₹2,500 crore over the last five years on corporate social responsibility initiatives. The company has developed over 550 new products in the last five years and consistently files more than 100 patents annually.
The company reaffirmed its commitment to achieving net-zero carbon emissions by 2045, positioning sustainability as one of the key pillars of its long-term strategy, as reported by NDTV Profit. Management highlighted multiple decarbonisation initiatives underway in India while noting that its UK transition programme is expected to reduce nearly 50 million tonnes of CO₂ emissions over the next decade. Tata Steel has invested more than €300 million in sustainability-linked projects and continues to focus on circular economy initiatives, biodiversity, water conservation and responsible supply chains. The company is increasingly deploying AI across manufacturing operations to improve fuel efficiency, enhance productivity and strengthen workplace safety, while its digital platforms crossed $1 billion in sales during FY26.
A major focus remains the Phase-II expansion at Kalinganagar, with the management highlighting plans to optimise the 2.2 MTPA Cold Rolling Mill Complex, aimed at improving operational efficiency and enhancing value-added steel production, according to the company's investor presentation. Beyond growth and profitability, Tata Steel reiterated its focus on employee welfare, safety and community development, highlighting AI-enabled safety monitoring, wellness initiatives and continued investment in local communities, including education, healthcare and climate-resilient livelihoods. The company has developed over 550 new products in the last five years and consistently files more than 100 patents annually. Capital expenditure remained focused on value accretive investments, with a capital expenditure of approximately ₹14,026 crores in FY26. The company also announced a dividend of ₹4.0 per share for FY26, up from ₹3.6 in the previous year. FY27 capex will include expansions in tinplate and wires, the HRPGL facility at Tarapur, and the Coke Ovens project at Jamshedpur, along with continued investments in mining, supply chain and sustainability operations.
