Tata Steel Limited Sponsored GDR RegS (NSE:TATASTEEL) approved a ~₹33,873 crore capex to expand NINL by 4.8 Mtpa as it amalgamates into Tata Steel, while Europe sees Q2 EBITDA gains from Dutch DSP restarts and UK ops move toward break‑even by year‑end.
Previous Week Recap
- Tata Steel Board Approves NINL Expansion: TATASTEEL: Board approved NINL capacity expansion adding 4.8 Mtpa; capex ~₹33,873 crore. NINL is being amalgamated with Tata Steel.
- Europe Q2 EBITDA Profit Prospects: TATASTEEL: Europe set for Q2 EBITDA profit as Dutch plant runs DSP four weeks from Aug 5, boosting production and margins; UK ops nearing break-even, targeting positive EBITDA by year-end.
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