Tata Steel's NINL Turnaround: On Track for ₹1,000 Crore Annual EBITDA

Neelachal Ispat Nigam Ltd (NINL), a subsidiary of Tata Steel, continues its strong growth momentum, reporting an EBITDA of ₹220 crore in the first quarter of FY26. Building on this performance, the company now projects a full-year EBITDA exceeding ₹1,000 crore, reinforcing its successful turnaround.

NINL’s EBITDA margins have also improved, reaching 24% in the April–June quarter, up slightly from 23% in the previous quarter. This follows a robust FY25 performance, where the company achieved an EBITDA of ₹1,000 crore with a 19% margin.

Tata Steel’s senior management noted that expansion plans for NINL are in advanced stages, aiming to capitalize on the recent momentum. The results highlight the successful integration of NINL into Tata Steel’s operations and the effectiveness of its strategic transformation.

News by Rahul Yelligetti.