Tata Steel share price is likely to remain in focus after the company announced plans to invest ₹10,000 crore in its Jharkhand operations by 2028. The investment is aimed at expanding production capacity, accelerating the adoption of low-carbon steelmaking technology, and strengthening the company's manufacturing footprint in India. The proposed projects are also expected to generate around 2,000 direct and indirect jobs.
The announcement aligns with Tata Steel's long-term strategy to increase its domestic steelmaking capacity while transitioning towards more sustainable production methods.
According to the company, the planned investment includes ₹7,000 crore towards the deployment of HIsarna and Easy Melting Technology, ₹2,600 crore for expanding its Tinplate Division, and ₹1,500 crore for the Combi Mill.
Tata Steel is targeting 40 million tonnes per annum (MTPA) of steelmaking capacity in India, up from its current 27.35 MTPA. Over the longer term, the company aims to increase its overall steelmaking capacity to more than 50 MTPA, with most of the expansion planned in India.
Currently, Tata Steel operates steel plants with a combined capacity of 12 MTPA in Jharkhand, including facilities at Jamshedpur and Gamharia, while it also has significant manufacturing operations in Odisha.
A key part of the investment will support the rollout of HIsarna, Tata Steel's patented low-carbon ironmaking technology. The process enables direct iron production without the need for conventional coke, sinter or pellet plants, helping reduce both capital costs and carbon emissions.
The technology has been operating at Tata Steel's Netherlands facility for the past decade, producing around 60,000 tonnes annually. The company now plans to establish a 1 MTPA pilot plant in Jamshedpur, where the hot metal produced will be integrated into existing steel melt shops.
According to the company, the HIsarna process can reduce carbon dioxide emissions by around 20% compared to the conventional blast furnace route. It also allows the use of coking coal that is more readily available in India, reducing dependence on imported raw materials.
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The ₹10,000 crore investment underscores Tata Steel's focus on expanding domestic production while advancing cleaner steelmaking technologies. As the company works towards increasing its Indian capacity to 40 MTPA and beyond, the investment is expected to strengthen its long-term growth prospects, improve manufacturing efficiency, and support India's transition to lower-emission industrial production.
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Published on: Jul 21, 2026, 12:10 PM IST
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