Tata Steel Board Approves ₹33,873 Crore NINL Steelmaking Expansion

India Powers, Europe Wobbles PAT at Rs 2,385 Cr in Q1 FY27, +18.8% YoY. Revenue at Rs 60,794 Cr in Q1 FY27, +14.3% YoY. EBITDA at Rs 9,370 Cr, +25.3% YoY. EBITDA margin at 15.4% vs 14.1%. India segment drove performance with EBITDA up 29.6% YoY to Rs 9,409 Cr, while Netherlands collapsed to near-breakeven (Rs 39 Cr vs Rs 611 Cr) on DSP shutdown and UK loss narrowed to Rs 341 Cr vs Rs 471 Cr. Board approved NINL 4.8 MTPA steelmaking capacity expansion at estimated capex of Rs 33,873 Cr. TSN continues to face material going-concern uncertainty due to coke oven permit revocation risk and regulatory issues. Useful life reassessment of certain assets resulted in additional depreciation charge of Rs 294 Cr for the quarter.