Tata Steel shares rally over 3% on Rs 15,000 cr capital expenditure plan
Tata Steel shares
rallied 3.5% to an intraday high of Rs 154.75 on the BSE on Wednesday, May 14, after the company's substantial
capital expenditure plan
of Rs 15,000 crore for FY26, according to a report.
The capex will support the company's expansion across India, the UK, and the Netherlands, as confirmed by senior company officials.
Of the total planned expenditure, approximately 80% will be directed toward ongoing projects in India, according to CEO & MD T.V. Narendran and CFO Koushik Chatterjee, as reported by The Economic Times.
As per the plan, Rs 11,000 crore has been earmarked for domestic operations, Rs 1,900 crore for the UK, and the remainder for the Netherlands.
In FY2024-25, Tata Steel's total capital expenditure stood at Rs 15,671 crore, including Rs 3,220 crore spent in the fourth quarter alone.
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Expansion plans and new projects
Tata Steel
is ramping up its production capabilities with a 5 million tonnes per annum (MTPA) blast furnace at Kalinganagar and the construction of an Electric Arc Furnace (EAF) in Ludhiana.
The company has also received planning permission for its EAF project at Port Talbot in the UK, with site activities scheduled to commence in July 2025.
Tata Steel Q4 results
For Q4FY25, Tata Steel reported a 113% year-on-year surge in consolidated net profit to Rs 1,301 crore, up from Rs 611 crore in the same period last year. The profit, attributable to shareholders, surpassed Street estimates of Rs 1,062 crore.
Revenue from operations for the March quarter stood at Rs 56,218 crore, down 4.2% from Rs 58,687 crore in the corresponding quarter of the previous fiscal year.
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Tata Steel share price history
Over the past year, Tata Steel shares have declined 8.76%. However, on a year-to-date (YTD) basis, the stock has gained 9.32%. It is up 7.36% over the last six months and 9.77% in the past three months. In the last one month alone, the stock has gained 12.03%.
On Tuesday, Tata Steel shares closed 1.35% lower at Rs 149.50 on the BSE.
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