Tata Steel aims to spend Rs 20,000 cr in FY27 on expansion, technologies

Tata Steel is looking to spend around Rs 20,000 crore as capex in the current financial year and a major share of it will be spent to support the India business, the company’s management said.

The capex for the ongoing FY27 will be around 38 per cent higher from Rs 14,559 crore that Tata Steel has spent on capital expenditure in the preceding 2025-26 financial year.

“In FY26, we spent Rs 14,559 crore on capital expenditure, and we plan to increase this to approximately Rs 20,000 crore in FY 2026-27, with 60 per cent allocated to India,” said Tata Steel’s CEO & MD TV Narendran and Koushik Chatterjee, the company’s Executive Director & Chief Financial Officer.