Business EconomyPosted at: Dec 10 2025 7:48PM


Tata Steel Board approves major capacity expansions, New Tech Push

Hyderabad, Dec 10 (UNI) Tata Steel’s Board has cleared several key initiatives to accelerate long-term growth in India, focusing on capacity expansion, downstream integration and low-carbon technologies.
The Board granted in-principle approval for a 4.8 MTPA expansion at Neelachal Ispat Nigam Ltd, boosting the company’s long products portfolio and supporting construction-sector demand,, the company said in a release here on Wednesday.
It also approved funding for design and regulatory processes to set up a 2.5 MTPA thin slab caster and rolling mill at Meramandali, aimed at expanding thinner-gauge flat steel production.
Further strengthening its downstream presence, Tata Steel will establish a 0.7 MTPA Hot Rolled Pickling and Galvanizing Line at Tarapur, Maharashtra —India’s first such facility—to support automotive customers and import substitution.
The company also signed an MoU with Lloyds Metals & Energy Ltd to explore joint opportunities in mining, logistics and a proposed 6 MTPA greenfield steel plant in Maharashtra.
In another strategic move, Tata Steel has signed agreements to acquire a 50.01% stake in Thriveni Pellets Pvt Ltd, which owns Brahmani River Pellets’ 4 MTPA pellet plant and 212-km slurry pipeline in Odisha.
The Board also approved beginning engineering and regulatory processes for a 1 MTPA HIsarna low-carbon steel demonstration plant in Jamshedpur, marking a major step toward sustainable steelmaking technologies.
UNI KNR CDS
Please log in to get detailed story.
Tags: #Tata Steel Board approves major capacity expansions# New Tech Push
More News

INOX Group to explore solar and wind power projects in Telangana

22 Jan 2026 | 10:02 PM

Davos/Hyderabad, Jan 22 (UNI) The Chief Minister A Revanth Reddy-led ‘Telangana Rising’ delegation held discussions with Devansh Jain, Director of INOX Group, at the World Economic Forum (WEF) 2026 in Davos, as the company expressed interest in exploring opportunities to produce solar and wind power in Telangana.

see more..

Adani merges two Group Companies to expand MRO Business

22 Jan 2026 | 9:31 PM

Mumbai, Jan 22 (UNI) The Adani Group has announced that it plans to merge Air Works and Indamer which are both companies owned by it to expand its presence in the aircraft maintenance, repair and overhaul (MRO) business.

see more..

22 Jan 2026 | 9:27 PM

Hyderabad, Jan 22 (UNI) Cyient, a global Intelligent Engineering Solutions company, on Thursday reported a robust set of numbers for the third quarter of FY26, underscoring steady execution and the impact of its strategic initiatives despite a challenging global macro environment.

see more..

Telangana AI innovation hub draws strong support at WEF 2026, signs key MoUs

22 Jan 2026 | 9:08 PM

Davos/Hyderabad, Jan 22 (UNI) Telangana’s push to emerge as a global AI hub received a major boost at the World Economic Forum (WEF) 2026 in Davos, as the Chief Minister A Revanth Reddy-led ‘Telangana Rising’ delegation signed key Memorandums of Understanding (MoUs) to strengthen AI skilling, healthcare innovation and startup opportunities.

see more..

Gold-loan NBFC assets seen crossing Rs 4 lakh crore by FY27: Crisil

22 Jan 2026 | 7:19 PM

New Delhi, Jan 22 (UNI) The Assets Under Management (AUM) of non-banking financial companies (NBFCs) focused on gold loans are projected to cross Rs 4 lakh crore by March 2027, driven by high gold prices, rising demand for secured credit, and regulatory streamlining, according to Crisil Ratings.

see more..