Tata Steel Approves 4.8 MTPA Capacity Expansion at NINL, Releases Q2 Financial Results

Tata Steel Approves 4.8 MTPA Capacity Expansion at NINL, Releases Q2 Financial Results​

Tata Steel Limited's Board of Directors concluded a meeting on July 30, 2026, approving the financial results for the quarter ended June 30, 2026, and sanctioning a major expansion project at its wholly owned subsidiary, Neelachal Ispat Nigam Limited (NINL). The Board also reviewed strategic transactions, including an acquisition in TMILL.

The company's operations continued to show segmental progress during the quarter. As per the Consolidated Segment Revenue, Results, Assets and Liabilities as of June 30, 2026, total segment revenue stood at ₹60,794.29 crore. The results before exceptional items, interest, tax and depreciation totaled ₹9,370.23 crore.

Financial Performance Highlights (Q ended June 30, 2026)

The standalone financial results for the quarter showed total income of ₹37,387.90 crore, resulting in a net profit of ₹4,535.59 crore.

For the Consolidated results, Tata Steel recorded total revenue from operations of ₹60,794.29 crore and reported a net loss for the period of ₹2,385.24 crore. Key financial metrics during this quarter included:


Strategic Capacity Expansion Approved at NINL

The Board approved a core project for steelmaking capacity expansion at Neelachal Ispat Nigam Limited (NINL). The expansion projects aim to increase capacity by 4.8 MTPA in NINL, with an estimated capital expenditure (capex) of ₹33,873 crore. This expansion is set to support Tata Steel’s efforts to grow its long products portfolio, particularly in the retail market.

The Board meeting also considered and approved the process of amalgamation involving NINL into and with Tata Steel Limited.

Acquisition in TMILL Reported

In a strategic move during Q2, the Board previously approved the acquisition of equity shares in TMILL (TM International Logistics Limited). The Company acquired 41,40,000 equity shares of face value at ₹10/- each, representing a 23% equity stake, from IQ for a consideration of ₹8,335 crore.

Following the completion of this transaction, Tata Steel Limited will hold 74% equity in TMILL, with NYK holding the remaining 26%.

Operational and Subsidiary Updates

The Board of Directors also reviewed the status of various subsidiary matters:

• NINL Amalgamation: The Board considered and approved the amalgamation of Neelachal Ispat Nigam Limited (NINL) into and with the Company through a scheme, which is currently subject to sanction by the National Company Law Tribunal (NCLT).
• RIL Amalgamation: The Board also reviewed the amalgamation of Rujuvalika Investments Limited (RIL), an investment company registered as a Non-Banking Financial Company (NBFC) that lacks active operations, into and with Tata Steel Limited. This scheme is subject to sanction by the National Company Law Tribunal (NCLT).
• Depreciation Reassessment: The Company reassessed the useful lives of specific property, plant and equipment items. This reassessment resulted in an additional depreciation charge of ₹8,294.49 crore for the quarter ended June 30, 2026, with an expected annual impact of approximately ₹81,178 crore for the financial year ending March 31, 2027.

The Group affirmed that it has assessed its liquidity and cashflow position across the entity, including TSUK and TSN, and concluded that the position remains adequate.

TATASTEEL Stock Price Movement​

Today, the equity of Tata Steel Limited shed 0.15%, settling at ₹186.92 after trading off a previous close of ₹187.27. During market hours, the stock experienced intraday movement, finding a low of ₹186.1 while topping out at ₹188.99.