Tata Steel Approves ₹33,873 Cr Expansion at NINL

Tata Steel Limited's Board of Directors has approved a significant core project to expand steelmaking capacity by 4.8 MTPA at its wholly-owned subsidiary, Neelachal Ispat Nigam Limited (NINL). The estimated capital expenditure for this expansion is ₹33,873 crore. This strategic move aims to bolster Tata Steel's long products portfolio, particularly in the retail segment where branded products are in high demand. The company also considered and approved its Audited Standalone and Unaudited Consolidated Financial Results for the quarter ended June 30, 2026. NINL is currently undergoing amalgamation into Tata Steel Limited.