<a href="https://www.mid-day.com/business/business-news/article/tata-steel-receives-interim-relief-in-rs-1755-crore-in-jharkhand-coal-mining-case-23646573" target="_blank" rel="none noopener">Tata Steel</a> CEO and MD T V Narendran on Tuesday said the steel demand in the country is likely to grow at 8-10 per cent in the second half of the current financial year (October to March), according to news agency PTI.
"Demand should be 8-10 per cent because all consuming sectors are quite strong. So we are quite positive about the prospect of the steel industry," Narendran said.
On the company's proposed Netherlands project, he said certain issues need to be resolved.
"There are issues related to coke oven closure. There is an issue related to how to classify and handle steel slag so all these issues need to be addressed before we can come to any binding agreement," Narendran said.
<h2>What is the project?</h2>
In September 2025, Tata Steel in a statement had said, "Government of the Netherlands and the province of North-Holland, Tata Steel and Tata Steel Nederland (TSN) have agreed an intended framework for the integrated project in TSN and signed a non-binding Joint Letter of Intent (JLoI) for the first phase of transition to low CO2 steel production and to improve the healthy living environment around the IJmuiden site."
Tata Steel owns a steel manufacturing plant at IJmuiden in the Netherlands, with an annual installed capacity of around 7 million tonnes.
It has adopted a transformation programme to maximise production efficiencies, lower fixed costs and optimise product mix and margins at the facility, by installing low-carbon emitting steel processes, as per PTI.
While addressing the company's 119th Annual General Meeting (AGM) in July this year, <a href="https://www.mid-day.com/business/business-news/article/tata-sons-reappoints-n-chandrasekaran-as-chairman-for-5-years-tata-trusts-calls-it-illegal-23650511" target="_blank" rel="none noopener">Chairman N Chandrasekaran</a> had noted that the operating environment has become challenging the Netherlands with certain environmental regulations now exceeding European Union standards.
<h2>Expanding capacity at Neelachal Ispat Nigam&nbsp;</h2>
On Monday, Narendran had said Tata Steel is scaling up capacity at its Neelachal Ispat Nigam (NINL) facility by around 5 million tonnes per annum with a substantial capital investment.
"So, we have already announced another 5 million tonne expansion in Neelachal, which is also in Kalinganagar. It is a long products expansion, and we have announced that it is a Rs 40,000 crore project," Narendran said.
Tata Steel in May last year had announced the completion of the phase II expansion project at Tata Steel Kalinganagar in Odisha, taking its overall capacity to 26.1 million tonnes (MT) in India.
Narendran said, "Kalinganagar is one of the most advanced steel plants in the country today, and we have some of the most advanced facilities to service the auto sector and the oil and gas sector". The company is getting the benefits of a better product mix and a lower cost structure, he added.
On July 4, 2022, <a href="https://www.mid-day.com/sports/football/article/tata-steel-to-sell-jamshedpur-football-and-sporting-to-churchill-club-for-rs-100-23644808" target="_blank" rel="none noopener">Tata Steel</a> completed the acquisition of Odisha-based NINL, through its erstwhile subsidiary Tata Steel Long Products (TSLP) for Rs 12,100 crore.&nbsp;
(With inputs from PTI)

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