Tata Steel is in discussions with the Dutch government to develop a long-term, financially viable, and environmentally compliant transition project in the Netherlands to meet tightened emission norms, while also planning significant CO₂ reductions through low-carbon steel processes.

Tata Steel has postponed its target for achieving net profit in its UK business from FY26 to FY29, coinciding with the completion of its electric arc furnace project, which is now delayed due to issues with securing a power connection. The company aims for its UK operations to be Ebitda and PAT positive by FY29, while also reporting a significant increase in domestic Ebitda from its Indian operations over the past decade.

Tata Steel reported consolidated revenue of Rs 2,32,140 crore for FY26, with a profit after tax increase of 243% to Rs 10,886 crore, and is progressing towards a long-term capacity target of 40 MTPA, having increased its capacity to 26.1 MTPA. The company is also facing challenges in its European operations due to stringent environmental regulations, particularly in the Netherlands, while actively engaging with the government for compliance solutions.

Nomura maintains a Buy rating on Tata Steel, expecting the company to benefit from price hikes implemented in late FY26 and early FY27, which should help absorb cost inflation and improve EBITDA per tonne in FY27.