Tata Steel's Neelachal Unit Poised for Major Turnaround with Expansion Plans, Aims for ₹1,000 Crore+ EBITDA in FY26.

Neelachal Ispat Nigam Ltd (NINL), a subsidiary of Tata Steel, is on a strong growth trajectory, reporting an EBITDA of ₹220 crore in the first quarter of fiscal year 2026. The company is now projecting a full-year EBITDA exceeding ₹1,000 crore, continuing its impressive turnaround.

The steelmaker's EBITDA margins have also shown a positive trend, rising to 24% in the April-June quarter, a slight increase from 23% in the previous quarter. This comes after NINL successfully recorded a ₹1,000 crore EBITDA for the entirety of FY25, with a 19% margin.

According to Tata Steel's senior management, expansion plans for the unit are in "advanced stages of planning" as the company looks to build on its recent success. The strong financial performance indicates that the integration of NINL into Tata Steel's operations is yielding significant results.