Business Economy


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
More News

Kedaara Capital appoints Dr Hari Prasad as Operating Advisor

17 Jan 2026 | 6:57 PM

Hyderabad, Jan 17 (UNI) Kedaara Capital today announced the appointment of Dr. Hari Prasad as an Operating Advisor, strengthening the firm’s healthcare advisory capabilities.

see more..

Reliance Posts flat Q3 FY26 profit at Rs 18,645 cr, revenue up by 10 5 per cent

17 Jan 2026 | 5:37 PM

Mumbai, Jan 17 (UNI) Reliance Industries (RIL) has reported a consolidated net profit of Rs 18,645 crore in the third quarter of the financial year 2025-26 (Q3 FY26).

see more..

Mumbai to host first Global Economic Cooperation 2026 from February 17 to 19

17 Jan 2026 | 4:07 PM

New Delhi, Jan 17 (UNI) Senior policymakers, global corporate leaders, investors and heads of multilateral institutions from India and abroad will gather in Mumbai from February 17-19 for the inaugural Global Economic Cooperation 2026, a high-level, invitation-only forum aimed at redefining economic cooperation in an increasingly multipolar global order.

see more..

Growing self-confidence in “New India’s” youth is visible transformation: Piyush Goyal

17 Jan 2026 | 1:00 AM

New Delhi, Jan 16 (UNI) union Minister for Commerce and Industry Piyush Goyal today highlighted that one of the most visible transformations in a resurgent and new India is the growing self-confidence among the country’s youth.
While addressing the “Startup Pe Charcha” interaction at Bharat Mandapam, New Delhi, Minister Goyal highlighted that one of the most visible transformations in a resurgent and new India is the growing self-confidence among the country’s youth.

see more..

Koppert inaugurates expanded Mycorrhiza Production Facility in Hyderabad

16 Jan 2026 | 9:32 PM

Hyderabad, Jan 16 (UNI) Koppert Sustainable Solutions (India) Pvt. Ltd., a global leader in biological solutions for sustainable agriculture, on Friday announced the inauguration of its expanded ‘Mycorrhiza Production Facility’ at IDA Bollaram here on Friday, marking a significant milestone in its commitment to regenerative and environmentally responsible farming in India.

see more..