Tata Steel achieved cost savings of $1.13 billion during FY 2025–26, reaching nearly 95% of its annual target of $1.19 billion. The performance reflects the steelmaker’s continued focus on operational efficiency, cost control and technology-led transformation.For FY 2026–27, the company has set a fresh cost-improvement target of $741 million. Savings are expected to come from better raw material utilisation, supply chain optimisation, reduced power and fuel expenses, improved maintenance and stronger operating performance across its global facilities.

Tata Steel is also expanding the use of artificial intelligence in manufacturing to improve fuel efficiency, productivity and workplace safety. Its digital sales platforms crossed $1 billion in FY26, highlighting stronger adoption among retail customers and small buyers.

India remains central to the company’s growth strategy. Tata Steel plans to increase its crude steel capacity from approximately 27.4 million tonnes per year to more than 40 million tonnes. Key projects include expansions at NINL and Meramandali, along with a proposed six-million-tonne greenfield steel plant in Maharashtra.The company is also increasing downstream capacity in tubes, wires, tinplate and value-added steel products.