Tata Steel Surges on Resilient India Ops, Promising Europe Outlook

As of October 28, 2025, analysts have highlighted the resilience of Tata Steel's India operations, supported by protectionist policies, strong demand, and government-led infrastructure spending. The domestic business is expected to provide stability through FY30, ensuring steady profitability even amid potential cost pressures.

Looking ahead, Tata Steel is anticipated to benefit significantly from a recovery in steel demand across Europe, supported by large-scale post-war reconstruction efforts. With the Russia-Ukraine conflict nearing a possible negotiated conclusion, reconstruction spending estimated at over $800 billion is likely to fuel a prolonged upcycle in infrastructure, energy, and manufacturing sectors across the continent.

Additionally, the European Union's decision to tighten steel import quotas and increase out-of-quota duties is expected to lift regional prices, further aiding Tata Steel Europe's realisations and profitability. These factors, combined with the company's focus on deleveraging and improving operational efficiency, could lead to an estimated ₹3,500 crore Ebitda uplift by FY27.