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Informist, Thursday, Jul. 2, 2026

 

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--Tata Steel chairman: Aim to become zero-fatality company  
--CONTEXT: Comments by Tata Steel Chairman Chandrasekaran at co's 119th AGM 
--Tata Steel chairman: Port Talbot fire breakout did not impact main plant 
--Tata Steel chairman: Remain focused on steel, allied products 
--Tata Steel chairman: No plans to enter other metals ops on large scale

 

NEW DELHI – Tata Steel Ltd.'s earnings before interest, tax, depreciation, and amortisation from the Netherlands business is expected to reach 400-500 million euros in the financial year 2026-27 (Apr-Mar), Chairman N. Chandrasekaran said while responding to shareholders' queries at the company's 119th annual general meeting on Thursday. 

 

"Since the acquisition, we have not funded Netherlands (Tata Steel Netherlands). So, all their operations are being funded by the cash they generate and they have paid about a billion euros of dividend for all these years. And current EBITDA level is around 460 million euros. And we expect to go to 4 to 500 million euros in the current year," the chairman said. 

 

Tata Steel aims for this EBITDA to reach 800 million to one billion euros over time. "But it also depends on the current situation being managed. The current situation where the environmental regulations that have come are posing a challenge," Chandrasekaran said. 

 

Chandrasekaran stressed that the company aims to become zero-fatality entity. His remarks come in the backdrop of the fire incident at Tata Steel's Port Talbot plant in the UK last month. "The fire breakout you asked did not affect our main plant. It just affected the quickling line. So we kind of shifted to another location where we have spare capacity," the chairman said. 

 

Chandrasekaran, however, said a 12 months delay by the national grid in the electric-arc blast furnace facility at Port Talbot is causing "anxiety" to the company. "Overall, that is why the project instead of FY28 may shift to FY29. But any increase in cost, we are in discussion with the government," he said. 

 

The company is also trying to build up new mines, as its existing mines will expire in 2030, according to Chandrasekaran. "So hopefully at least 50% we can have still captive. The remaining we will have to procure," the chairman said. 

 

Notably, the company's operations in Canada are making losses, Chandrasekaran said. "Canada operation, operationally a lot of work has been done to bring in the efficiencies," the chairman said. 

 

Answering a shareholder's query on whether the company planned to enter into the business of any other metal, Chadrasekaran said the company remains focused on steel and allied products. He clarified further and said Tata Steel did not plan to engage in the business of any other metal on a large scale.

 

For the March quarter, Tata Steel reported a consolidated net profit of INR 29.26 billion on revenues of INR 632.70 billion. On Thursday, the company's shares closed 1.4% higher at INR 187.67 on the National Stock Exchange.  End

 

Reported by Astha Oriel and Shakshi Jain 

Edited by Deepshikha Bhardwaj

 

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