SOURCE : NEW18 NEWS
Last Updated:May 14, 2025, 09:52 IST
Tata Steel shares surged 3.5% to an intraday high of Rs 154.75 on the BSE on Wednesday, May 14
Tata Steel Share Price Today
Tata Steel shares surged 3.5% to an intraday high of Rs 154.75 on the BSE on Wednesday, May 14, following the company’s announcement of a substantial capital expenditure plan of Rs 15,000 crore for FY26, according to a report by Economic Times.
Tata Steel has announced a capital expenditure plan of Rs 15,000 crore for FY26, aimed at bolstering its expansion efforts across India, the UK, and the Netherlands, The Economic Times reported, citing senior company officials.
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According to CEO & MD T.V. Narendran and CFO Koushik Chatterjee, nearly 80% of this investment will be allocated to ongoing projects in India. Specifically, the company has earmarked Rs 11,000 crore for domestic operations, Rs 1,900 crore for the UK, and the remaining amount for projects in the Netherlands.
In FY25, Tata Steel’s total capex stood at Rs 15,671 crore, including Rs 3,220 crore spent in the fourth quarter alone.
Expansion Initiatives in Focus
The steelmaker is expanding its production capacity with a 5 million tonnes per annum (MTPA) blast furnace at Kalinganagar, along with an Electric Arc Furnace (EAF) under construction in Ludhiana. In the UK, Tata Steel has secured planning permission for its EAF project at Port Talbot, with site work expected to begin in July 2025.
Strong Q4 Performance
Tata Steel reported a 113% year-on-year jump in consolidated net profit to Rs 1,301 crore for Q4FY25, beating Street estimates of Rs 1,062 crore. This compares to Rs 611 crore in the same quarter last year. Revenue from operations, however, declined 4.2% to Rs 56,218 crore from Rs 58,687 crore in Q4FY24.
Stock Performance
Tata Steel shares have gained 12.03% over the past month and are up 9.77% in the last three months. On a year-to-date basis, the stock has risen 9.32%, although it remains down 8.76% over the past year. On Tuesday, the stock ended 1.35% lower at Rs 149.50 on the BSE.
- First Published:
May 14, 2025, 09:40 IST
