Tata Steel Netherlands gets notice from local bodies to shut gas, coke unit
This story was originally published at 18:42 IST on 15 May 2026
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--Tata Steel: Going concern 'material uncertainty' basis of Netherlands unit P&L
--Tata Steel: Netherlands unit paid over 20 mln euros fines for coke, gas plants
--Tata Steel: Authorities want to revoke Netherlands coke, gas plants' permit
--Tata Steel: Netherlands gas, coke units face early closure
MUMBAI – Tata Steel Ltd. Friday said its wholly-owned subsidiary Tata Steel Netherlands received a letter from Netherlands' environment agency and local province on Apr. 23 informing their intention to revoke the subsidiary's operating permits and trigger an early closure of the coke and gas plants. Tata Steel Netherlands proposed to the local authorities a timeline to ensure a controlled closure process.
"However, pending assurance on a feasible timeline, the financial statements of Tata Steel Netherlands (for the March quarter and for the financial year 2025-26) have been prepared taking into account a material uncertainty to going concern in discussion with its auditors," Tata Steel said in a statement on Friday. The steelmaker Friday announced its earnings for the March quarter and FY26.
Tata Steel said its Netherlands subsidiary had received "multiple notices alleging non-compliance" on emissions from its coke and gas factories in FY26 and paid more than 20 million euros in penalties. On Friday, shares of Tata Steel closed nearly 2% lower at INR 216.80 on the National Stock Exchange. End
Reported by Rajesh Gajra
Edited by Avishek Dutta
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