Tata Steel moved higher after reporting a strong fourth-quarter production update from its India operations. The company’s crude steel production rose 15% year-on-year to 6.25 million tonnes in Q4 FY26, while deliveries increased 10% to 6.19 million tonnes. The stock gained 1.12% to Rs 198.30 following the update. For the full year, Tata Steel India delivered crude steel production of 23.48 million tonnes, up 8% year-on-year, helped by the Kalinganagar ramp-up, though partly offset by the shutdown of the G blast furnace for relining at Jamshedpur. The update reinforces Tata Steel’s strong domestic production momentum and keeps the company in focus among steel sector stocks.
