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Tata Steel CEO TV Narendran Predicts 8 to 10 Percent Growth in H2
M
Moneycontrol•06-10-2026, 11:42
Tata Steel CEO TV Narendran Predicts 8 to 10 Percent Growth in H2
- •Tata Steel CEO and MD TV Narendran stated that domestic steel demand is projected to grow by 8 to 10 percent in the second half of the current fiscal year.
- •Narendran expressed strong optimism for the Indian steel industry, citing robust performance across all consuming sectors.
- •Regarding the proposed Netherlands project, Tata Steel is actively engaged with the government to resolve issues concerning coke oven closures and steel slag classification before signing a binding agreement.
- •The company operates a manufacturing plant in IJmuiden, Netherlands, with an annual capacity of approximately 7 million tonnes, focusing on a transformation program for low-carbon steel processes.
Key Questions Answered
Domestic steel demand is projected to grow by 8 to 10 percent in the second half of the ongoing fiscal year due to strong consuming sectors.
Tata Steel is actively engaged with the Dutch government to address matters concerning coke oven closures, as well as the classification and handling of steel slag, prior to finalizing a binding agreement.
Tata Steel's manufacturing plant located in IJmuiden, Netherlands, possesses an annual installed capacity of approximately 7 million tonnes.
