Tata Steel share price in focus: Firm's Ludhiana plant to start operations in March; check details

Mann said the project shows the increasing confidence of industry in the state's policies and governance.

The plant, coming up near HiTech Valley, will have a 0.75 MTPA electric arc furnace-based steelmaking facility, along with a rebar mill.

The project is spread over 115 acres.

The CM said the initial investment of ₹2,600 crore has now increased to ₹3,200 crore.

The plant is expected to create employment for around 2,500 people.

The chief minister said the unit will use 100% steel scrap as raw material and adopt an environmentally friendly production process.

The electric arc furnace technology reduces carbon emissions compared to traditional methods, he added.

Mann said the Ludhiana facility will be Tata Steel's second-largest plant in India after Jamshedpur and the company's biggest investment in Punjab.

Mann added that the Punjab government ensured the timely execution of the project and assured full support for its smooth operation and future expansion.

Tata Steel Q3 FY26 results

Tata Steel posted a multifold jump in consolidated profit to ₹2,730.37 crore in the December quarter (Q3 FY26), on the back of increased income.

It had reported a profit of ₹295.49 crore in the October-December period of the preceding 2024-25 financial year, the company said in an exchange filing.

The company's total income rose to ₹57,503.49 crore during the quarter from ₹53,869.33 crore in the year-ago period.

The Tata Steel group is among the country's top global steel companies, with an annual crude steel capacity of 35 million tonnes per annum.

In December 2025, Tata Steel said it had entered into a pact to acquire a majority stake in Odisha-based Thriveni Pellets Pvt Ltd (TPPL), according to a company statement.

The acquisition is set to bolster Tata Steel's supply chain, especially in the crucial sector of raw materials.

TPPL owns a 100% stake in Brahmani River Pellet Ltd (BRPL), which operates a 4 million tonnes per annum pellet plant in Jajpur, Odisha, along with a 212 km slurry pipeline.

"Tata Steel has also signed a definitive agreement to acquire a 50.01% stake in Thriveni Pellets Pvt Ltd," the statement said.

The balance of 49.99% stake in TPPL is held by Lloyds Metals.

About Tata Steel

Tata Steel Limited is India's leading steel producer and one of the oldest companies in the Tata Group family. Founded way back in 1907, the company has been making steel for over a century. They manufacture everything from the steel sheets that go into the car to the massive beams used in constructing bridges and buildings.

Tata Steel has factories in Europe and Southeast Asia too, with a total capacity of around 34 million tonnes of steel per year. They control the entire process, from digging iron ore out of the ground to delivering finished steel products to customers in over 50 countries. With India building new highways, metro lines and cities, Tata Steel is right in the middle of all that action.

Tata Steel Limited – Company Details