Tata Steel to invest big in India and Europe operations
Steel

Tata Steel to invest big in India and Europe operations

TV Narendran, CEO of Tata Steel, has said that the company is planning a capital expenditure of Rs 12,000 crore on its India and Europe operations during the current financial year. The domestic steel major plans to invest Rs 8,500 crore in India and Rs 3,500 crore in the company's operations in Europe.

In India, the focus will be on the Kalinganagar project expansion and mining activity, and in Europe, it will be focused on sustenance, product mix enrichment, and environment-related capex. The company is in the process of expanding the capacity of its plant in Kalinganagar, Odisha to 8 MT from 3 MT.

In addition to this, Tata Steel will be spending about Rs 12,000 crore on inorganic growth in India in the NINL acquisition.

Tata Steel through its wholly-owned subsidiary Tata Steel Long Products Limited (TSLP), completed the acquisition of Odisha-based one Million Tonne Per Annum (MTPA) steel mill NINL for a considerable amount of Rs 12,000 crore.

Also read:
Tata Steel: India’s Most Admired Construction Brand
Welspun Corp and Tata Steel enter a green energy partnership


Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

TV Narendran, CEO of Tata Steel, has said that the company is planning a capital expenditure of Rs 12,000 crore on its India and Europe operations during the current financial year. The domestic steel major plans to invest Rs 8,500 crore in India and Rs 3,500 crore in the company's operations in Europe. In India, the focus will be on the Kalinganagar project expansion and mining activity, and in Europe, it will be focused on sustenance, product mix enrichment, and environment-related capex. The company is in the process of expanding the capacity of its plant in Kalinganagar, Odisha to 8 MT from 3 MT. In addition to this, Tata Steel will be spending about Rs 12,000 crore on inorganic growth in India in the NINL acquisition. Tata Steel through its wholly-owned subsidiary Tata Steel Long Products Limited (TSLP), completed the acquisition of Odisha-based one Million Tonne Per Annum (MTPA) steel mill NINL for a considerable amount of Rs 12,000 crore.Also read: Tata Steel: India’s Most Admired Construction BrandWelspun Corp and Tata Steel enter a green energy partnership

Next Story
Infrastructure Energy

India’s RE Investments Hit $1.23 Billion in August 2025

Investments in India’s renewable energy (RE) sector surged to $1.23 billion (approx. Rs 102.2 billion) in August 2025, marking a 45 per cent increase from $848 million (approx. Rs 70.4 billion) recorded in the same month last year, according to a report by JMK Research.The sharp rise in funding reflects sustained momentum in the clean energy space, particularly in solar, wind, and battery energy storage systems (BESS).Among the largest investments in August was a Rs 31.84 billion long-term project financing secured by Acme Hybrid Urja, a subsidiary of ACME Solar, from REC Ltd. The funds will..

Next Story
Infrastructure Energy

WRI, CII Launch Alliance to Drive Clean Energy in Industry

WRI India and the Confederation of Indian Industry (CII) have jointly launched the CI-NERGY Alliance – Steering Energy Transitions to accelerate clean energy adoption within India’s commercial and industrial (C&I) sector. The initiative was unveiled during Connect Karo 2025 in New Delhi.The alliance seeks to support India’s broader climate goals—achieving 50 per cent of power capacity from non-fossil fuel sources by 2030, and net zero emissions by 2070. Given that the C&I sector is among the highest electricity consumers in the country, its decarbonisation holds substantial pot..

Next Story
Real Estate

Unified RERA Portal Launched to Boost Sector Transparency

The 5th Meeting of the Central Advisory Council (CAC), constituted under the Real Estate (Regulation and Development) Act, 2016 (RERA), was held at Sankalp Bhawan, New Delhi, marking eight years of regulatory reform in India’s real estate sector. The meeting was inaugurated with a welcome address by Shri Kuldip Narayan, Joint Secretary (Housing), Ministry of Housing and Urban Affairs (MoHUA), followed by key insights from Secretary (HUA), Shri Srinivas Katikithala, on RERA’s evolution.Union Minister of Housing & Urban Affairs, Shri Manohar Lal, and Minister of State, Shri Tokhan Sahu, ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?