Tata Steel firms increased capital expenditures by $2 billion in fiscal year 2026-27, 60% for Indian operations

Indian steel company Tata Steel Limited will spend about $2.09 billion in capital expenditures in fiscal year 2026-27, most of which will be spent on its Indian operations, the company's chief executive said in a statement on Monday, July 6.

"In the last financial period of 2025-26, Tata Steel's capital expenditures amounted to about $1.52 billion. This year, we will spend $2.09 billion, 60 percent of which will be at our facilities in India," said CEO T. V. Narendran.

The capital allocation strategy for 2026-27 focuses on a balanced mix of life support projects, ongoing investments in recycling and infrastructure projects, new technologies and long-term growth projects with a clear focus on India, he said."This includes the tinplate and wire expansion, the HRPGL (Hot Rolled Etching and Galvanizing Line) installation at Tarapura in Maharashtra, and the coke oven project at the Jamshedpur plant," he added.He said that in the long term, Tata Steel is aiming for a combined steel production capacity of 50 million tons per year, with most of the additional capacity of about 12 million tons to be built in India.