Tata Steel Plans Rs 10,000 Cr Jharkhand Investment

July 21, 2026July 21, 2026

Tata Steel touched an intraday high of Rs 188.10 on the NSE on Tuesday, a day after it unveiled a Rs 10,000 crore Jharkhand investment plan.

Tata Steel said the investment is expected to create around 2,000 direct and indirect jobs. Of the total outlay, Rs 7,000 crore is earmarked for two projects called HIsarna and Easy Melting Technology.

Sarvesh Kumar, the company’s Chief of Corporate Communication, said Rs 2,600 crore will go towards expanding the Tinplate Division.

Another Rs 1,500 crore is set aside for the Combi mill. The plan feeds into a bigger goal too, lifting India steelmaking capacity to 40 million tonnes a year from the present 27.35 million tonnes.

HIsarna is a low-carbon way of making iron that skips the coke, sinter and pellet stages a normal blast furnace needs.

The firm has run this process at its Netherlands site for 10 years now, turning out 60,000 tonnes annually, and it produces around 20% less carbon dioxide than the conventional route.

A one-million-tonne pilot plant is now planned inside the existing Jamshedpur setup, and engineering work on it has already begun.

The Jharkhand push builds on a plant network Tata Steel already runs in the state, an 11 MTPA facility at Jamshedpur and a 1 MTPA unit at Gamharia.

Add in Kalinganagar’s 9 MTPA in Odisha, which includes the former Neelachal Ispat Nigam bought through insolvency, plus 5.6 MTPA at Meramandali, and the group’s consolidated capacity across India, the Netherlands and Thailand tops 36 MTPA.

Longer term, the company wants to cross 50 million tonnes. Back on the exchange, the stock gave up its morning gains.

At 10:30 am on 21 July, shares were trading at Rs 185.13 on the NSE, down 0.69% from the previous close of Rs 186.41.

That’s still well clear of its 52-week low of Rs 152.51 hit last August, though some distance from the 52-week high of Rs 224.40 touched in May.

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