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Mumbai: Tata Steel closed FY2026 with record operational milestones in India, driven by capacity ramp-up and strong domestic demand, even as global operations reflected varied market conditions. Tata Steel India achieved its highest-ever annual crude steel production at 23.48 million tonnes in FY2026, marking an 8 percent year-on-year increase. The growth was largely supported by the ramp-up of operations at Kalinganagar, although partially offset by a blast furnace relining shutdown at Jamshed ...Read More >
New Delhi: Mesabi Metallics Company LLC, an Essar Group company, has secured USD 150 million in financing from Macquarie Group to support the planned third-quarter 2026 startup of its Direct Reduction (DR) grade iron ore mine and pellet plant in Minnesota. The latest funding follows a previously announced USD 520 million senior secured credit facility from Breakwall Capital, adding to a series of financing moves for the project, which has also received backing from the US Export-Import Bank, th ...Read More >
New Delhi, Apr 6 (PTI) Mesabi Metallics Company LLC, an Essar Group company, has secured USD 150 million in financing from Macquarie Group to support the planned third-quarter 2026 startup of its Direct Reduction (DR) grade iron ore mine and pellet plant in Minnesota. The latest funding follows a previously announced USD 520 million senior secured credit facility from Breakwall Capital, adding to a series of financing moves for the project, which has also received backing from the US Export-Imp ...Read More >
Tata Steel India reported a seven percent increase in crude steel production to 5.67 million tonnes in the second quarter of the current fiscal, driven by the normalization of operations post-blast furnace relining. Domestic sales also saw a rise to 5.56 MT, supported by improved production and stable demand across market segments. Steel major Tata Steel on Thursday said its crude steel production in India rose by seven per cent to 5.67 million tonnes in the second quarter of the current fiscal ...Read More >
London/New Delhi, Jul 14 (PTI) Tata Group Chairman N Chandrasekaran on Monday held the ground-breaking ceremony at Port Talbot in the UK to kickstart the construction of a GBP 1.25 billion green steel project to cut down carbon emissions by 90 per cent at the site. The company is transitioning from the blast furnace route to the low-emission electric arc furnace process, which will utilise the locally available scrap. "Tata Steel UK today celebrates a historic milestone in its green transforma ...Read More >
Bengaluru : Tata Steel UK today celebrates a historic milestone in its green transformation journey as Mr Natarajan Chandrasekaran, Chairman of Tata Steel and the Tata Group, joins government ministers at a groundbreaking event for the company's state-of-the-art Electric Arc Furnace (EAF) facility in Port Talbot. Mr Chandrasekaran will be joined by Tata Steel CEO and Managing Director T. V. Narendran and Tata Steel UK CEO Rajesh Nair, where they will officially break the ground with spades, mar ...Read More >
Mumbai: Tata Sons chairman N. Chandrasekaran has set a new goal for Tata Steel Ltd chief executive and managing director T.V. Narendran: to deliver net profit from the company's UK operations in the current fiscal year. Addressing shareholders at Tata Steel's annual general meeting on Wednesday, Chandrasekaran, who also chairs the steelmaker, said the aim was for the UK operations to achieve net profitability this fiscal year. "I feel that UK should be PAT (profit after tax) positive, so the c ...Read More >
New Delhi, Jul 2 (PTI) Tata Steel is confident of completing its transition to green steel manufacturing in the UK and Netherlands as per schedule, the company's Chairman N Chandrasekaran said on Wednesday. He made the remarks while addressing the shareholders at the company's 118th Annual General Meeting (AGM). Also Read | Iran's President Masoud Pezeshkian Approves Law to Suspend Cooperation With IAEA Following Israel, US Strikes. "...we remain confident that the transition to green steel m ...Read More >
New Delhi, Jun 8 (PTI) Homegrown Tata Steel is expecting to start the construction of its low-carbon EAF-based steel making project in the UK from July 2025 and commence operations by 2027, top company officials said. The company has received necessary approvals for its USD 1.5 billion project at Port Talbot, Tata Steel CEO & MD T V Narendran, and ED & CFO Koushik Chatterjee said in the company's annual report for FY2024-25. "We are now transitioning to decarbonised and state-of-the-art EAF-ba ...Read More >
New Delhi: The Centre is working on green steel mandates for the local steel industry, supported by government procurement and financial incentives, as the world's second-largest maker of the alloy works to prepare the sector for the future. The upcoming National Green Steel Mission is likely to mandate steelmakers to make a fixed share of their overall output green, the people cited above said on the condition of anonymity. The government will also support green steel with a public procurement ...Read More >
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