31 July 2025
Corporate News

Tata Steel reports robust Q1 performance, progresses with UK green steel plans

EAF

Tata Steel has reported a strong start to the financial year, with consolidated EBITDA reaching ₹7,480 crores (£5 billion), supported by higher steel realisations and strategic cost reductions.

India remained the key contributor, generating ₹31,137 crores in revenue and ₹7,486 crores in EBITDA — a 24% margin. Despite maintenance-related slowdowns in Jamshedpur and Neelachal Ispat Nigam Limited (NINL), EBITDA per tonne in India rose to ₹15,760, aided by volume ramp-up at Kalinganagar and increased value-added product sales.

In the UK, Tata Steel reported a narrowed EBITDA loss of £41 million, down from £80 million last quarter, with deliveries of 0.6 million tonnes. The company has officially broken ground at Port Talbot for its new Electric Arc Furnace — a landmark step in the UK’s transition to low-CO2 steelmaking.

Meanwhile, the Netherlands operation posted improved performance, with EBITDA rising to €64 million from €14 million last quarter, supported by a favourable sales mix.

Tata Steel also completed the full acquisition of NINL in India, bolstering its long products portfolio. Group capital expenditure for the quarter was ₹3,829 crores, reflecting continued investments in both Indian and UK facilities.

Commenting on the performance, CEO T V Narendran highlighted Tata Steel’s resilience amidst global volatility, while CFO Koushik Chatterjee emphasised the company’s commitment to operational excellence and strategic growth. 

With strong liquidity of ₹43,578 crores and ongoing cost transformation initiatives, Tata Steel remains firmly focused on sustainable growth in India and Europe.

Read the full report here.
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About Tata Steel UK

  • The Tata Steel Group has been named one of the most ethical companies in the world, and is among the top producing global steel companies with an annual crude steel capacity of 34 million tonnes. 
    Tata Steel in the UK has the ambition to produce net-zero steel by 2045 at the latest, and to have reduced 30% of its CO2 emissions by 2030.
  • In October 2024, Tata Steel ceased ironmaking at its Port Talbot site and temporarily paused steelmaking pending the construction of a 3.2Mtpa Electric Arc Furnace, due to be commissioned late in 2027 / early 2028. For that period, the business will import slab and hot rolled coil to support manufacturing and distribution operations at sites across Wales, England and Northern Ireland as well as Norway, Sweden, France, Germany and UAE. It also benefits from a network of sales offices around the world.
  • Throughout 2024 Tata Steel UK has been undergoing a restructuring that will reduce the size of its workforce to around 5000 direct employees, supplying high-quality steel products to demanding markets, including construction and infrastructure, automotive, packaging and engineering.
  • Tata Steel Group is one of the world's most geographically-diversified steel producers, with operations and a commercial presence across the world.
  • The group recorded a consolidated turnover of around US$26 billion in the financial year ending March 31, 2025.
     

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