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Business

Tata Steel Q1 profit up 19% at Rs 2,385 cr; board approves Rs 33,873 cr for NINL expansion

hellohimachalse@gmail.com 31 Jul 2026 31 Jul 2026

New Delhi: Tata Steel on Thursday reported a 19 per cent year-on-year rise in consolidated net profit to Rs 2,385.24 crore in the June quarter on account of growth in revenues from India operations.

It had posted a net profit of Rs 2,007.36 crore in the first quarter of the preceding financial year, the company said in an exchange filing.

Total income rose to Rs 61,026.97 crore in Q1 FY27 from Rs 53,466.79 crore in the same quarter a year ago.

The company’s board also approved the core project of steelmaking capacity expansion by 4.8 MTPA in NINL for an estimated capex of Rs 33,873 crore.

This will enable Tata Steel to further expand its long products portfolio, especially in the retail space where the company’s branded products are in high demand.

NINL is currently going through the process of amalgamation into Tata Steel Ltd.

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