Tata Steel is an Indian multinational steel company headquartered in Mumbai and is part of the Tata Group fact_002. Founded as Tata Iron and Steel Company Limited (TISCO) on August 26, 1907 in Jamshedpur by Jamsetji Nusserwanji Tata and established by Sir Dorabji Tata, the company commenced pig iron production in 1911 and steel production in 1912 fact_001 fact_003. After rebranding to Tata Steel Ltd. in 2005 and acquiring UK-based Corus Group in 2007, the company has evolved into a global integrated steel producer with operations spanning 26 countries, principally in India, The Netherlands, and the United Kingdom fact_004 fact_005 fact_010.
Tata Steel generated consolidated revenue of ₹2.19 trillion in FY2023-24, with the Steel segment contributing ₹2.03 trillion (93% of total revenue) fact_025. Geographically, India represents the largest revenue contributor at ₹1.33 trillion (61% of group revenue), followed by Europe at ₹781 billion (36%) and South-East Asia at ₹69 billion (3%) fact_026 fact_028. The company's standalone Indian operations reported turnover of ₹140,987 crore with EBITDA of ₹31,004 crore in FY2023-24 fact_029 fact_030. In Q3FY26, consolidated revenue reached ₹57,002 crore (up 6% YoY) with steel sales volume of approximately 8.2 MT (up 6% YoY) and EBITDA of ₹8,200 crore at 14.4% margins fact_012 fact_013 fact_014. India operations delivered EBITDA per ton of approximately ₹13,400 in Q3FY26, down sequentially from ₹15,200 in Q2FY26 fact_015.
Tata Steel operates with annual crude steel capacity of 35 million tonnes and output of 31.02 million tonnes, ranking 8th globally in crude steel production as of 2024 fact_007 fact_006. Domestic crude steel production stands at 21.6 million tonnes, positioning the company as one of India's largest steel producers fact_008. Capacity is distributed across India (26.6 MT), Netherlands (7 MT), UK (3.2 MT upcoming), and Thailand (1.7 MT) fact_011. The company employs approximately 78,300 people worldwide fact_009. Tata Steel is executing an aggressive capacity expansion roadmap targeting approximately 40 MTPA by 2030, including a 4.8 MT expansion at Neelachal (commissioning by 2029), a 0.75 MTPA EAF facility at Ludhiana (H1FY27), and a 2.5 MTPA finished steel expansion at Meeramandali fact_016 fact_017 fact_018 fact_019. A strategic partnership with Lloyds Metal and Energy will deliver 6 MTPA greenfield capacity in Maharashtra fact_020. Indian sales volumes are projected to grow at approximately 7% CAGR over FY25-28E, reaching approximately 25.5 MT by FY28E fact_021.
Tata Steel is executing a comprehensive decarbonization strategy, transitioning its UK plant to a 3.2 MTPA Electric Arc Furnace by 2027 (supported by a £500 million government grant under a £1.25 billion capex plan) and replacing one blast furnace in the Netherlands with a DRI + EAF setup by 2030 (supported by up to €2 billion in Dutch government funding) fact_022 fact_023. The company maintains a BBB issuer credit rating from S&P Global (affirmed December 24, 2025) with cash and cash equivalents of ₹86 billion as of September 30, 2025, FFO estimated at ₹250 billion for the next 12 months, and unutilized working capital limits of approximately ₹100 billion fact_034 fact_035 fact_036 fact_037. Operational efficiency remains a priority, with the Shikhar25 program delivering ₹6,821 crore in savings in FY2023-24 and a region-wide cost savings target of ₹11,500 crore for FY26 (₹8,600 crore achieved in 9MFY26) fact_031 fact_024. Analyst consensus projects revenue of ₹2.32 trillion (FY2026E), ₹2.62 trillion (FY2027E), and ₹2.70 trillion (FY2028E), with EBITDA expanding from ₹345 billion to ₹471 billion over the same period fact_040 fact_041.