Try GOLD - Free
Favourable post-expansion outlook for Tata Steel
Business Standard
|December 13, 2025
While steel prices continue to be under pressure, Tata Steel is looking at various moves to ensure domestic capacity expansion to 40 million tonnes per annum (mtpa) by 2030 from the current 26.6 mtpa.
The board has granted in-principle approval for 4.8 mtpa capacity expansion at Neelachal Ispat Nigam (NINL) with ore requirements to be met from NINL’s captive Koira mine.
The Board has also approved funds for design and engineering of a 2.5 mtpa thin slab caster and rolling facility at Meramandali: The company is also acquiring a majority stake in Thriveni Pellets (TPPL) for a cash consideration of %640 crore. TPPL owns 100 per cent of Brahmani River Pellets (BRPL), which operates a 4 mtpa pellet plant in Jajpur, Odisha, and a 212 km slurry pipeline. This is subject to approval from the Competition Commission of India (CCI). Tata Steel has also signed a pact with Lloyds Metals & Energy (LMEL) for joint exploration of mining operations in Gadchiroli district of Maharashtra, for possible development of 6.0 mtpa greenfield capacity in the state.
The LMEL pact supports the strategy of expanding near demand centres in western India where Tata Steel currently does not have capacity.
This story is from the December 13, 2025 edition of Business Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Business Standard
Business Standard
Semi-final shock for Left in Kerala local body polls
Months before Assembly elections, Congress sees resurgence and BJP continues making inroads.
3 mins
December 15, 2025
Business Standard
50 years of RRBs: A story of rural India
After consolidation, creating a national rural bank holding company, an apex body to oversee governance, capital support, and technology integration across RRBs can be considered
5 mins
December 15, 2025
Business Standard
Carmakers gearing up to hit refresh button
Planning mid-cycle facelifts over new launches
2 mins
December 15, 2025
Business Standard
Banks asked to offer basic services at all branches
Lenders nudged to cut charges and maintain uniformity
2 mins
December 15, 2025
Business Standard
Non-metro India now drives most crypto growth: Ashish Singhal
Ashish Singhal, cofounder of CoinSwitch, India’s largest cryptocurrency (crypto) trading platform, says crypto adoption in the country is rapidly shifting beyond metropolitan centres. Non-metro regions now account for nearly 76 per cent of India’s crypto activity among CoinSwitch’s 25 million users, while women investors make up 12 per cent of the user base. Despite a 30 per cent crypto tax and 1 percent tax deducted at source (TDS), the market remains youth-driven, with investors aged 26-35 contributing 45 per cent of total investments. In a video interview with Peerzada Abrar, Singhal discusses demographic trends, regulatory challenges, and the shift from speculative trading to long-term investing. Edited excerpts:
2 mins
December 15, 2025
Business Standard
Semi-final shock for Left in Kerala local body polls
Months before Assembly elections, Congress sees resurgence and BJP continues making inroads. Shine Jacob reports
3 mins
December 15, 2025
Business Standard
Copyright protection
Better framework is needed for AI training
2 mins
December 15, 2025
Business Standard
Time right for banks to star in the M&A story
The Reserve Bank of India’s (RBI's) draft guidelines on financing mergers and acquisitions (M&As) signal that these are no more episodic but have become a strategic lever for growth, enabling companies to acquire technology, enter new markets and strengthen themselves against competition.
2 mins
December 15, 2025
Business Standard
AI influencing growth, cost: Airtel CTO
Integrating artificial intelligence (AI) into networks has driven down costs and raised efficiency for Bharti Airtel, says Chief Technology Officer Randeep Sekhon, in an in-person interaction with Gulveen Aulakh. Its implementation is positively impacting capital expenditure, operating expenditure, and business growth, and enabling the telco to stop KYC-related frauds. Edited excerpts:
3 mins
December 15, 2025
Business Standard
300 products hold huge potential for Indian exporters in Russia: Official
As many as 300 products, including that of engineering goods, pharma, agri, and chemicals, hold huge potential for Indian exporters to push their shipments to Russia as the two countries target $100 billion trade by 2030, an official said.
1 min
December 15, 2025
Listen
Translate
Change font size