Tata Steel has enhanced its footprints in the European markets with the Chairman N Chandrasekaran said the company’s restructuring efforts were yielding results. he highlighted that the EBITDA at the Netherlands operations tripled and losses in the UK were halved.
While addressing the 119th (AGM), Chandrasekaran said the EBITDA at the Netherlands operations tripled to Euro 267 million and losses in the UK were halved, and cautioned that “the operating environment has become challenging” in the Netherlands, where environmental regulations “now exceed European Union standards.”
“Tata Steel is actively engaging with the Dutch Government and relevant stakeholders to develop a forward pathway… which is environmentally compliant, financially affordable and viable over the long term,” he added.
Speaking further on the Europe market, Chandrasekaran said that in the Europe, Tata Steel has entered into a transformation phase.
“In the UK, it broke ground on the £1.25 billion EAF Project at Port Talbot, marking the commencement of the UK’s largest low-carbon steelmaking transition, in partnership with the UK Government. The project is progressing in terms of engineering, design and construction,” said Chandrasekaran.
“In the Netherlands, the operating environment has become challenging for the steelmaker, with certain environmental regulations now exceeding European Union standards. Emission norms have tightened to levels where, for some of Tata Steel Netherlands’ legacy assets, viable solutions are not currently feasible within regulatorily accepted timelines,” he added.
India Focus: Tubes, tinplate and wire manufacturing
Tata Steel Chairman further said the company is looking to double down on its India focus with expansion in downstream capacities for tubes, tinplate and wire manufacturing, besides improving momentum in the defence and shipbuilding industries.
He said the steelmaker continues to focus on value-added products and digital engagements, achieving strong growth, supported by expansion into defence and shipbuilding.
Chandrasekaran highlighted that in FY26, Tata Steel made Tata Steel Colors (formerly Tata BlueScope) a wholly owned subsidiary and acquired a majority stake in Thriveni Pellets – both critical to its long-term competitiveness, said Chandrasekaran.
“The company’s position in India will be further reinforced through the planned expansion of NINL along with the recently inaugurated 0.75 MTPA Electric Arc Furnace in Ludhiana, which will significantly strengthen our long products portfolio,” he said.