Tata Steel (TATASTEEL) investor relations material

Strategic expansion and growth initiatives

• Board approved a long-term strategy focused on significant capacity expansion, especially in long products, with Neelachal (NINL) set to grow from 1 to 6 million tons, targeting over 10 million tons in long products overall.

• Affirmed long-term growth strategy focusing on volume growth, value-added downstream portfolio, mining assets, and sustainable steelmaking technologies.

• Major projects include NINL expansion, Meramandali thin slab caster, downstream HR GAL facility, and a 1 million-ton HIsarna technology plant at Jamshedpur.

• CapEx for these projects is expected to be finalized by March, with Neelachal being the largest investment; other projects are smaller in scale.

• Execution timelines: Neelachal project to be completed in 3-4 years post final board approval, Meramandali expansion aligned with blast furnace relining in 2028-2029.

Partnerships, joint ventures, and acquisitions

• Signed an MoU with Lloyds to explore collaboration in Maharashtra, including a potential 6 million-ton greenfield steel plant, leveraging Lloyds' iron ore resources and land.

• Signed agreements to acquire 50.01% stake in Thriveni Pellets Private Limited, gaining access to a 4 MTPA pellet plant and slurry pipeline.

• The BRPL pellet plant JV (50.1% stake) provides cost advantages and a strategic slurry pipeline, with a quick payback period.

• Multiple collaboration models are under consideration, including Tata Steel operating the plant or acting as a route to market for Lloyds' products.

• The 6 million-ton Maharashtra plant will be a Tata Steel venture, with phased execution and further details pending feasibility studies.

Technology, sustainability, and recognition

• Board approved engineering and regulatory process for a 1 MTPA Hisarna demonstration plant in Jamshedpur, advancing low-carbon steelmaking.

• HIsarna technology offers lower capital and operating costs, 20% less CO2 emissions, and flexibility in raw material usage, with a projected INR 3,000/ton cost advantage over blast furnaces.

• Tata Steel holds global intellectual property rights for Hisarna, making it a key focus for future technology.

• Achieved Net Zero target by 2045 and over 90% of Indian steel production from ResponsibleSteel™ certified sites.

• Recognized for digital transformation, diversity, and sustainability by global organizations and industry awards.