Tata Steel reports higher consolidated profits for the quarter ended 30 June 2026 and its board has approved a large expansion at Neelachal Ispat Nigam Ltd (NINL). The company’s consolidated net profit rises year-on-year to ₹2,385.24 crore, according to its exchange filing, up from ₹2,007.36 crore in the year-ago quarter. Total consolidated income increases to ₹61,026.97 crore from ₹53,466.79 crore, with revenue growth from Tata Steel’s Indian operations contributing to improved profitability. While the June-quarter profit is higher than the same period last year, it is lower than the ₹2,965 crore net profit reported in the preceding quarter ended 31 March 2026. In a separate corporate action, Tata Steel’s board clears a capacity addition of 4.8 million tonnes per annum (MTPA) at NINL, currently a wholly owned subsidiary. The expansion is estimated at capital expenditure of ₹33,873 crore. NINL is also in the process of being amalgamated with Tata Steel Limited, and the planned capacity increase is expected to strengthen Tata Steel’s long-products portfolio.
Tata Steel Q1 profit rises; board approves ₹33,873-crore NINL capacity expansion
Tata Steel reports higher consolidated profits for the quarter ended 30 June 2026 and its board has approved a large expansion at Neelachal Ispat Nigam Ltd (NINL). The company’s consolidated net profi...
- Tata Steel’s consolidated net profit increases year-on-year for the quarter ended 30 June 2026.
- Net profit for the quarter is reported in the ₹2,300-crore range (₹2,385.24 crore cited by one outlet; ₹2,318 crore cited by another).
- Total consolidated income for the quarter rises to ₹61,026.97 crore from ₹53,466.79 crore.
- Tata Steel’s board approves an expansion at NINL of 4.8 MTPA.
- The expansion is estimated to require ₹33,873 crore in capital expenditure.
The board has approved capacity expansion by 4.8 MTPA in Neelachal Ispat Nigam Ltd at an estimated capex of ₹33,873 crore
3 hours agoNew Delhi: Tata Steel on Thursday reported a 19% year-on-year increase in consolidated net profit to ₹2,385.24 crore for the quarter ended 30 June 2026, supported by higher revenue from its Indian operations.The steelmaker had posted a consolidated net profit of ₹2,007.36 crore in the corresponding quarter of the previous financial year, according to its exchange filing.Income GrowthTata Steel’s total consolidated income increased to ₹61,026.97 crore in Q1 FY27, compared with ₹53,466.79 crore in the same period a year earlier.Revenue growth from the company’s India business contributed to the improved year-on-year profitability during the June quarter.However, the company’s quarterly net profit was lower than the ₹2,965 crore recorded in the preceding quarter ended 31 March 2026.Major ExpansionThe company’s board approved a major project to expand steelmaking capacity at Neelachal Ispat Nigam Limited (NINL), which is currently a wholly owned subsidiary of Tata Steel.The project will add 4.8 million tonnes per annum (MTPA) of steelmaking capacity. Tata Steel has estimated capital expenditure of ₹33,873 crore for the proposed expansion.The investment is expected to strengthen the company’s long-products portfolio, with a particular focus on the retail segment. Tata Steel said its branded products continue to witness strong demand in this market.Merger ProcessNINL is currently undergoing the process of amalgamation with Tata Steel Limited. The planned capacity addition is expected to integrate the subsidiary more closely with Tata Steel’s broader manufacturing and distribution network.Tata Steel completed the acquisition of Odisha-based NINL on 4 July 2022 through its erstwhile subsidiary, Tata Steel Long Products Limited.The acquisition, valued at ₹12,100 crore, marked the first privatisation of a state-owned steel company by the Narendra Modi-led government. The latest expansion represents a significant investment in NINL’s future production capabilities.Disclaimer: This article is based on Tata Steel’s consolidated financial results and company disclosures and does not constitute independent investment advice.
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