Tata Steel India Production Growth
Crude steel production increased by 5% year-on-year to 5.3 million tons, with a 6% year-on-year growth in domestic deliveries.
Retail and Automotive Segment Performance
Tata Tiscon retail brand witnessed a 20% year-on-year growth, and automotive and special products volume increased due to high-end product sales.
Kalinganagar Expansion Milestone
Commissioned a 5-million-ton blast furnace at Kalinganagar, now producing 7,500 tons a day. The expansion is critical for high-margin business growth.
UK Green Steelmaking Project
Signed a £500 million grant with the UK government for a £1.25 billion investment in green steelmaking, preserving over 5,000 jobs.
Improvement in EBITDA Margin
Consolidated EBITDA margin improved by 300 basis points year-on-year to 12%, driven by steady performance in India and better profitability in Netherlands.