Tata Steel Limited, formerly known as Tata Iron and Steel Company Limited (TISCO), ranks among the world's 50 largest crude-steel producers in 2022-23 with an annual capacity of about 35 million tonnes and stands as the largest steel producer in India with a domestic crude-steel capacity of 21.6 million tonnes. The company was established in India as Asia's first integrated private steel company in 1907 and also developed India's first industrial city at Jamshedpur.
Tata Steel operates in 26 countries, with key operations in India, the Netherlands, and the United Kingdom, employing around 78,300 workers globally. With an annual crude steel capacity of over 35 million tonnes per annum (MTPA), Tata Steel is one of the world's most geographically diversified steel producers and operates as one of the few fully integrated steel operations from mining to the manufacturing and marketing of finished products.
The company's European operations include a crude steel production capacity of 12 MTPA, established after acquiring Corus in 2007. The manufacturing facilities in Europe comprise primary steel-making facilities in the Netherlands and the United Kingdom, with downstream operations in the Netherlands, the United Kingdom, Germany, France, Belgium, Sweden, and Turkey, producing high-quality strip steel products for demanding markets such as construction, automotive, packaging, and engineering.
As of the latest data, Tata Steel has a market capitalization of ₹2,03,494 Crore. For FY2025, Tata Steel reported consolidated revenues of around $26 billion and EBITDA of $3.1 billion, with consolidated EBITDA improving by 10% year-on-year aided by higher volumes and reduction in controllable costs despite the drop in realizations.
The company registered a turnover of ₹1,40,987 Crore in FY24 for its Indian operations. The company's board has recommended a dividend of ₹3.60 per share for FY2024-25.
In FY2023-24, Tata Steel's Indian operations delivered the highest ever crude steel production at 20.8 MT and delivered the highest finished steel at 19.9 MT. For FY2025, Tata Steel India crude steel production increased by 5% year-on-year to around 21.8 million tons, upon commissioning of India's largest blast furnace at Kalinganagar and higher steel production at Neelachal Ispat Nigam Limited.
India deliveries were best ever at around 21 million tons and were up 5% YoY aided by a smooth ramp-up of the new blast furnace at Kalinganagar and capacity utilization close to 100% at the remaining operations. At the segment level, Tata Steel continues to be the preferred supplier for automotive steel, with a high share of business in new model launches, and Tata Tiscon achieved 'best ever' volumes and grew by 19% YoY to around 2.4 million tons.
The company's product mix includes flat products such as hot rolled coils, cold rolled coils and galvanized steel, and long products such as wire rods, rebar, ferro alloys, tubes, bearings and wires. The product segments cater to agriculture, automotive, construction, consumer goods, energy and power, engineering, and material handling.
The Indian product portfolio is divided into four segments – Automotive and Special Products; Industrial Products, Projects and Exports; Branded Products and Retail; and Services and Solutions.
The company has a target to increase domestic steelmaking capacity to 30 MnTPA by 2025. The company stated that its 5 MTPA blast furnace at Kalinganagar is ramping up, and the phased commissioning of the 2.2 MTPA CRM complex is progressing, with the continuous galvanizing lines expected to be commissioned in the coming months. Construction is underway for the Electric Arc Furnace (EAF) in Ludhiana, and in the UK, the company has received planning permission for the EAF project at Port Talbot, with site activities set to commence in July 2025.
The company is expecting to start construction of its low-carbon EAF-based steelmaking project in the UK from July 2025 and commence operations by 2027. The company has received necessary approvals for its USD 1.5 billion project at Port Talbot, and is transitioning to decarbonized and state-of-the-art EAF-based steelmaking by FY2027-28, supported by 500 million pounds in the UK Government funding.
Tata Steel has been recognized as a Steel Sustainability Champion 2025 by worldsteel for the eighth consecutive year, reaffirming the company's commitment to sustainable development and adherence to global standards. The company has been a champion every year since the program's launch in 2018, highlighting Tata Steel's leadership in the steel industry through its sustainability-driven initiatives and responsible business practices.
Tata Steel has announced its major sustainability objectives including Net Zero by 2045 and has been on a multi-year digital-enabled business transformation journey intending to be the leader in 'Digital Steelmaking'. The company has received the World Economic Forum's Global Lighthouse recognition for its Jamshedpur, Kalinganagar, and IJmuiden Plants and has been recognized with the 'Digital Enterprise of India – Steel' Award 2024 by Economic Times CIO.
Tata Steel outbid Jindal Steel and JSW Steel to acquire Odisha-based Neelachal Ispat Nigam Ltd. (NINL) for ₹12,100 Crore (US$1.4 billion) in 2022. On February 25, 2025, Tata Steel Ltd. acquired a stake in its Singapore-based unit, T Steel Holdings Pte. Ltd., in a transaction of ₹10,727 Crore, acquiring 788.5 Crore shares, each valuing $0.157, aggregating to $1,238 million.
The company spent ₹15,671 Crore on capital expenditure for the full year FY2025, with net debt standing at ₹82,579 Crore and group liquidity remaining strong at ₹38,791 Crore, including cash & cash equivalents of ₹12,222 Crore.
Tata Steel remains well-positioned as a leading integrated steel producer with strong operational capabilities, global diversification, and commitment to sustainability and digital transformation, making it a significant player in both domestic and international steel markets.
