Mumbai, July 2: Tata Steel is steadily progressing towards its long-term production target of 40 million tonnes per annum (MTPA) and is planning further capacity expansion, according to Tata Sons Chairman N. Chandrasekaran.
He stated that the company remains focused on strengthening its core steel business through strategic investments, operational efficiency, and expansion of production capacity across key facilities.
Chandrasekaran added that Tata Steel’s growth strategy is aligned with India’s increasing demand for steel driven by infrastructure development, manufacturing growth, and industrial expansion.
The company continues to evaluate new opportunities to scale up operations while maintaining sustainability and cost competitiveness as part of its long-term roadmap.
Officials indicated that Tata Steel’s expansion plans will support India’s broader industrial growth ambitions and reinforce its position in the global steel market.
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