Tata Steel is confident in its plans for a green transition at its European assets

Indian steel producer Tata Steel expects the transition to green steel production in the UK and the Netherlands to proceed as planned over the next few years. This was announced to shareholders at the annual general meeting by Tata Steel Chairman Natarajan Chandrasekaran, Business Standard reports.

He recalled that in the UK, the company has made progress towards low-emission steel production by decommissioning two blast furnaces in Port Talbot. This paves the way for a transition to electric arc furnaces by the 2027/2028 financial year, with £500 million in support from the British government. The company currently uses raw materials from India and the Netherlands to serve customers in the country. The group aims to achieve a net profit from the UK division’s operations in the current financial year.

Tata Steel is in talks with the Dutch government for financial and political support for its decarbonization plan. The group has also launched a cost transformation program aimed at saving €500 million in the 2025/2026 financial year. These efforts are aimed at positioning Tata Steel Nederland as one of the most efficient and sustainable European steel producers.

As GMK Center reported earlier, Tata Steel has planned capital expenditures of approximately $1.76 billion for its operations in India, the UK, and the Netherlands in the 2025/2026 financial year.

Approximately $1.29 billion will be spent on projects in India, including the expansion of the plant in Kalinganagar and the construction of a new electric arc furnace in Ludhiana, $223 million on UK operations, and the remainder on the Netherlands division.

The company also intends to invest $2.5 billion in its Singapore-based subsidiary T Steel Holdings to strengthen its European operations and manage debt repayment.