Tata Steel is tracking policy changes in the EU and UK to optimize its decarbonization investments. This is crucial for maintaining affordability for stakeholders.

Tata Steel is actively monitoring policy changes in the EU and UK to prioritize and optimize its capital expenditure on decarbonization. This strategy is intended to keep investments affordable for all stakeholders involved. The company's recent Q2 earnings report revealed a decline in UK EBITDA by £24 million, attributed to subdued prices and UK safeguard quotas exceeding demand. Conversely, EBITDA in the Netherlands increased by €28 million as Tata Steel worked on enhancing its competitiveness in international markets. The company is committed to volume growth in India and has signed a non-binding Joint Letter of Intent with the Dutch government for an integrated health measures and decarbonization project. In Q2, Tata Steel's capital expenditure was Rs 3,250 crores, contributing to a significant 272% increase in consolidated net profit year-on-year.