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Tata Steel targets 40 MTPA capacity expansion by 2028

pre-market1 source ↓written by the desknot a recommendation

per year
40 million tonnes
per year
2028/29
at Neelachal Ispat
4.8 million tonnes
at its Meramandali
2.5 million tonnes

Tata Steel aims to increase its steel production capacity to 40 million tonnes per year by 2028/29. The plan includes adding 4.8 million tonnes at Neelachal Ispat Nigam and 2.5 million tonnes at its Meramandali plant. The company also seeks to achieve positive EBITDA in its UK operations by the same financial year. This expansion could enhance Tata Steel's market position and profitability.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 5 Jul 2026, 07:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

TATASTEEL closed +0.6% on the day of the news, from ₹189.80 to ₹190.87; Nifty +0.7% over the same session; futures OI +0.1%.

Bulletin at 07:03 IST on 5 Jul 2026. Every change is measured from ₹189.80, the last close before it, on 3 Jul. Nifty 50 is measured over the same sessions.

  • TATASTEEL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
TATASTEEL closes around the bulletin against the close before the news, with Nifty 50 rebased to it169.00189.80210.60axis spans 25%before the news · 3 Jul189.80Nifty 50TATASTEELbulletinD0+1+3+529 Jun9 Jul20 JulFutures open interest, lotspeak 93,000Reference close ₹189.80. 16 sessions from 29 Jun to 20 Jul; the price axis spans 25 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before3 Jul₹189.80basebase
On the day6 Jul₹190.87▲ +0.6%▲ +0.7%−0.1 pp difference
+1 session7 Jul₹189.790.0%▲ +0.5%−0.5 pp difference
+3 sessions9 Jul₹187.91▼ −1.0%▼ −1.3%+0.3 pp difference
+5 sessions13 Jul₹187.11▼ −1.4%▼ −0.3%−1.2 pp difference
Gap at the open, % · ₹
▲ +0.3%+0.59 on 6 Jul
Day's range, % · ₹
1.2%≈ 2.3 high to low
Volume on the day
0.44×the 20-session average
Futures OI on the day
▲ +0.1%+100 lots · long build-up · price +0.6%
Futures OI open, lots
79,0006 Jul · 28 Jul expiry
Futures premium, ₹
+0.66+0.3% to spot
Puts per call, by OI
0.55from 0.56 the session before
Max pain
190from 190 the session before

Source NSE UDiFF bhavcopy · TATASTEEL on the desk →

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