Outcome of Board meeting of Tata Steel Limited

Summary by AI BETAClose X

Tata Steel Limited's Board of Directors has approved a significant capacity expansion at its wholly-owned subsidiary, Neelachal Ispat Nigam Limited (NINL), with a core project to increase steelmaking capacity by 4.8 MTPA at an estimated capital expenditure of ₹33,873 crore, aiming to boost its long products portfolio. The company also considered and approved its financial results for the quarter ended June 30, 2026, with the detailed financial information and auditor's report enclosed.

Disclaimer*

Tata Steel Limited
30 July 2026
 

 

 

 

Ref: SEC/736/2026-27

July 30, 2026

 

London Stock Exchange

London

 

Dear Madam, Sirs,

 

Sub: Outcome of Board meeting of Tata Steel Limited

 

This has reference to our intimation of meeting of the Board of Directors of Tata Steel Limited ('Company') dated July 17, 2026.

 

The Board of Directors ('Board') of the Company at its meeting held today, i.e. July 30, 2026, inter alia, transacted the following business:

 

1.   Financial Results for quarter ended June 30, 2026

 

Considered and approved the Audited Standalone and Unaudited Consolidated Financial Results of the Company for the quarter ended June 30, 2026.

 

The financial information as required to be provided in terms of Regulation 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') forms part of the Financial Results.

 

A copy of the said Financial Results together with the Statutory Auditors' Report for the quarter ended June 30, 2026, is enclosed herewith as Annexure.

 

2.   Capacity addition at Neelachal Ispat Nigam Limited ('NINL'), wholly owned subsidiary

 

Approved the core project of steelmaking capacity expansion by 4.8 MTPA in NINL at an estimated capex of ₹33,873 crore. This will enable Tata Steel to further expand the long products portfolio especially in the retail space where our branded products are in high demand.

 

NINL is currently going through the process of amalgamation into and with Tata Steel Limited.

 

The above disclosures are being made available on the website of the Company at www.tatasteel.com

 

The Board meeting commenced at 2:00 p.m. (IST) and concluded at 6:00 p.m. (IST).

 

Further, please find enclosed herewith the Press Release and Investor Presentation to be made to Analysts/ Investors of Tata Steel Limited.

 

These disclosures are being made pursuant to Regulation 30, 33, 52, 51 read with Schedule III and other applicable provisions of the SEBI Listing Regulations, as amended, along with applicable SEBI Circulars notified in this regard.

 

This is for your information and records.

 

Encl.: As above.


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