Tata Steel soars on getting in-principle approval for 4.8 MTPA capacity expansion at NINL
Tata Steel is currently trading at Rs 164.90, up by 2.70 points or 1.66% from its previous closing of Rs 162.20 on the BSE.
The scrip opened at Rs 163.95 and has touched a high and low of Rs 165.00 and Rs 163.15 respectively. So far 389790 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 1 has touched a 52-week high of Rs 187.00 on 29-Oct-2025 and a 52-week low of Rs 122.60 on 13-Jan-2025.
Last one week high and low of the scrip stood at Rs 168.00 and Rs 160.00 respectively. The current market cap of the company is Rs 204853.51 crore.
The promoters holding in the company stood at 33.19%, while Institutions and Non-Institutions held 44.39% and 21.92% respectively.
Tata Steel has received in-principle approval from board of directors for the 4.8 MTPA capacity expansion at Neelachal Ispat Nigam (NINL). This is Phase 1 of the capacity expansion in NINL and will enable Tata Steel to further expand the long products portfolio especially in the highly profitable retail space and capitalize on the growth of construction sector in India through new products and solutions.
As part of further enhancing the finished steel capacity in the flats products, the Board has approved the funds required to undertake the design and engineering work to set up of a 2.5 million tons Thin Slab Caster and Rolling facilities at Tata Steel Meramandali and also progress on seeking all regulatory approvals for the expansion. This will expand the finished steel capacity particularly of thinner gauge products by 2.5 MTPA.
The company has also signed definitive agreements to acquire 50.01% stake in Thriveni Pellets (TPPL), subject to regulatory approvals. TPPL owns 100% stake in Brahmani River Pellet (BRPL), which operates a 4 MTPA pellet plant at Jajpur, Odisha along with a 212 Kilometer slurry pipeline. Llyods Metals & Energy (LMEL) holds the balance 49.99% stake in TPPL. The Board at its meeting held on December 10, 2025, considered and approved the same.
Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company
