Tata Steel has earmarked a capital expenditure of Rs 15,000 crore for its operations in India, the UK and the Netherlands in the current financial year, senior company officials said on Tuesday. Of the total, around 80 per cent will be spent on ongoing projects in India, the company's CEO & MD T V Narendran and Executive Director and Chief Financial Officer Koushik Chatterjee told PTI.
"For FY26, we are looking to have a capex of Rs 15,000 crore,'' Narendran said.
Sharing the break-up, Chatterjee said that while Rs 11,000 crore is planned for domestic operations, around Rs 1,900 crore is planned for the UK, and the remaining is in the Netherlands.
Tata Steel's capital expenditure was Rs 3,220 crore in the fourth quarter and Rs 15,671 crore in the full FY2024-25.
Tata Steel is ramping up a 5 MTPA blast furnace at Kalinganagar and constructing an electric arc furnace (EAF) in Ludhiana.
In the UK, the company has received planning permission for the EAF project at Port Talbot and will commence site activity in July 2025.
Tata Steel has a 3 million tonnes per annum facility at Port Talbot, South Wales, in the UK. As part of its efforts to reduce carbon emissions, the company is transitioning from the blast furnace route to the low-emission electric arc furnace process, which will utilise the locally available scrap.
In the Netherlands, Tata Steel owns a steel manufacturing plant at IJmuiden which produced an estimated 6.75 MTPA of liquid steel in FY25.
The company has adopted a comprehensive transformation programme to maximise production efficiencies, lower fixed costs and optimise product mix and margins at the Netherlands facility.
The discussion with the Government of Netherlands on the integrated decarbonisation and environmental measures project continues to be intense and the company is also engaged with the provincial and environmental authorities on the above, Chatterjee said.
When asked about workers' concerns in these two geographies about Tata Steel's transition plans, the official stated, "We are in talks with them for amicable solutions."
Tata Steel on Monday reported AN over two-fold jump in consolidated net profit to Rs 1,200.88 crore for the March quarter despite a decline of 3.7 per cent in total income which stood at Rs 56,679.11 crore.
India revenues were Rs 34,661 crore and EBITDA was Rs 7,418 crore in FY25, UK revenues were 551 million pounds and EBITDA loss stood at 80 million pounds, and the Netherlands revenues were 624 million euros and EBITDA was 14 million euros.
"For FY26, we are looking to have a capex of Rs 15,000 crore,'' Narendran said.
Sharing the break-up, Chatterjee said that while Rs 11,000 crore is planned for domestic operations, around Rs 1,900 crore is planned for the UK, and the remaining is in the Netherlands.
Tata Steel's capital expenditure was Rs 3,220 crore in the fourth quarter and Rs 15,671 crore in the full FY2024-25.
Tata Steel is ramping up a 5 MTPA blast furnace at Kalinganagar and constructing an electric arc furnace (EAF) in Ludhiana.
In the UK, the company has received planning permission for the EAF project at Port Talbot and will commence site activity in July 2025.
Tata Steel has a 3 million tonnes per annum facility at Port Talbot, South Wales, in the UK. As part of its efforts to reduce carbon emissions, the company is transitioning from the blast furnace route to the low-emission electric arc furnace process, which will utilise the locally available scrap.
In the Netherlands, Tata Steel owns a steel manufacturing plant at IJmuiden which produced an estimated 6.75 MTPA of liquid steel in FY25.
The company has adopted a comprehensive transformation programme to maximise production efficiencies, lower fixed costs and optimise product mix and margins at the Netherlands facility.
The discussion with the Government of Netherlands on the integrated decarbonisation and environmental measures project continues to be intense and the company is also engaged with the provincial and environmental authorities on the above, Chatterjee said.
When asked about workers' concerns in these two geographies about Tata Steel's transition plans, the official stated, "We are in talks with them for amicable solutions."
Tata Steel on Monday reported AN over two-fold jump in consolidated net profit to Rs 1,200.88 crore for the March quarter despite a decline of 3.7 per cent in total income which stood at Rs 56,679.11 crore.
India revenues were Rs 34,661 crore and EBITDA was Rs 7,418 crore in FY25, UK revenues were 551 million pounds and EBITDA loss stood at 80 million pounds, and the Netherlands revenues were 624 million euros and EBITDA was 14 million euros.
You may also like
DWP minister resists Labour MPs' calls to delay major benefit cuts vote - reforms 'urgent'
Trump says he's so impressed with Mohammed bin Salman as he's 'wise beyond his years'
If your kitchen heats up like a tandoor in summer, then know these 5 easy hacks to keep it cool
Lions star tipped to become British Prime Minister and silence Donald Trump
Jeremie Frimpong says yes to Liverpool transfer with Reds contract details drawn up
