Archive · 30 Jul 2026
Tata Steel Q1 Profit Up 19%, Board Approves NINL Expansion
Tata Steel, a big Indian steel company, made more money in the first quarter of its 2026‑27 financial year.
Its profit went up by 19% to about ₹2,385 crore.
The company also earned more money overall, about ₹61,000 crore.
The board decided to spend ₹33,873 crore to add more steel‑making capacity at a subsidiary called NINL.
This will help Tata Steel make more long‑products, especially for retail customers.
NINL is being merged into Tata Steel, so the new capacity will be part of the main company.
The move is expected to boost sales and meet strong demand for Tata Steel’s branded products.
Tata Steel’s Q1 FY27 net profit rose 19% to ₹2,385.24 crore.
Total consolidated income increased to ₹61,026.97 crore.
Board approved ₹33,873 crore capex to add 4.8 MTPA at NINL.
Expansion aims to strengthen long‑products portfolio, especially retail.
NINL is undergoing amalgamation into Tata Steel.
- Who
- Tata Steel Ltd
- What
- Reported Q1 FY27 net profit and approved a ₹33,873 crore expansion at NINL
- When
- Quarter ended 30 June 2026
- Where
- New Delhi, India
- Why
- Growth in revenues from India operations and strategic expansion of long‑products portfolio
- Q1 FY27 Net Profit
- ₹2,385.24 crore
- Year-on-year Growth
- 19%
- Total Income
- ₹61,026.97 crore
- Capital Expenditure for NINL Expansion
- ₹33,873 crore
- Capacity Addition
- 4.8 MTPA
- NINL Amalgamation Status
- Under process
