Tata Steel Eyes €500 Mn Savings, UK Green Steel On Track

04 Jul 2025 CW Team

Addressing shareholders at the company’s Annual General Meeting, Chairman Natarajan Chandrasekaran said discussions are underway with the Dutch Government to secure financial and policy support for Tata Steel Nederland’s decarbonisation roadmap. The group is confident that the UK and Netherlands transitions to green steel will proceed as scheduled.

In the UK, Tata Steel has started decommissioning two blast furnaces at Port Talbot, setting the stage for a £500 million government-supported shift to Electric Arc Furnace (EAF)-based low-emission steel production by fiscal 2028.

Chandrasekaran reaffirmed the company’s goal of positioning its Netherlands operations as one of Europe’s most sustainable and efficient steelmakers.

Despite global economic uncertainty and supply chain disruptions, Tata Steel maintained robust operations in India, running at near full capacity. The Kalinganagar facility successfully commissioned the country’s largest blast furnace.

Neelachal Ispat Nigam Ltd contributed strongly, delivering Rs 10 billion in EBITDA and generating positive free cash flows.

The company highlighted the broader macroeconomic backdrop: global GDP growth is expected to slow to 2.3 per cent in 2025 from 2.8 per cent in 2024 due to geopolitical tensions and shifting trade patterns. However, India remains resilient, with projected growth of 6.5 per cent, fuelled by strong demographics, policy reforms, and private sector momentum.

While a drop in coking coal prices offered some relief, subdued global steel realisations and continued volatility kept margins under pressure. Going forward, Tata Steel will prioritise cash flow generation to maintain a strong balance sheet while building capacity for large-scale capital projects to support growth in India and transformation in Europe.

Tata Steel expects a significant turnaround in its European operations this fiscal, driven by a cost transformation programme targeting €500 million in savings and steady progress on green steel initiatives, particularly in the UK.Addressing shareholders at the company’s Annual General Meeting, Chairman Natarajan Chandrasekaran said discussions are underway with the Dutch Government to secure financial and policy support for Tata Steel Nederland’s decarbonisation roadmap. The group is confident that the UK and Netherlands transitions to green steel will proceed as scheduled.In the UK, Tata Steel has started decommissioning two blast furnaces at Port Talbot, setting the stage for a £500 million government-supported shift to Electric Arc Furnace (EAF)-based low-emission steel production by fiscal 2028.Chandrasekaran reaffirmed the company’s goal of positioning its Netherlands operations as one of Europe’s most sustainable and efficient steelmakers.Despite global economic uncertainty and supply chain disruptions, Tata Steel maintained robust operations in India, running at near full capacity. The Kalinganagar facility successfully commissioned the country’s largest blast furnace.Neelachal Ispat Nigam Ltd contributed strongly, delivering Rs 10 billion in EBITDA and generating positive free cash flows.The company highlighted the broader macroeconomic backdrop: global GDP growth is expected to slow to 2.3 per cent in 2025 from 2.8 per cent in 2024 due to geopolitical tensions and shifting trade patterns. However, India remains resilient, with projected growth of 6.5 per cent, fuelled by strong demographics, policy reforms, and private sector momentum.While a drop in coking coal prices offered some relief, subdued global steel realisations and continued volatility kept margins under pressure. Going forward, Tata Steel will prioritise cash flow generation to maintain a strong balance sheet while building capacity for large-scale capital projects to support growth in India and transformation in Europe.

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

Infrastructure Urban

07 Aug 2026

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Infrastructure Transport

07 Aug 2026

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..