Tata Steel shares are seeing a strong upward movement in today’s trading session. As of 9:55 AM on April 11, 2025, the stock is trading at ₹133.55, up 5% from the previous close of ₹127.7. The stock has hit a high of ₹134.95 and a low of ₹130.4 so far. The sharp rise comes after the company announced major restructuring plans for its Netherlands operations.
Why is Tata Steel Stock Rising?
The recent surge in Tata Steel’s share price is mainly due to the company’s transformation plan for its Netherlands facility. The steelmaker announced it would cut 1,600 jobs in management and support roles at its IJmuiden plant as part of a plan to improve production efficiency, reduce costs, and increase profit margins.
This decision is expected to make Tata Steel Nederland (TSN) more competitive and efficient. The company is focusing on standardization, automation, and eliminating duplication in its workforce to achieve better results. Investors are reacting positively to these cost-cutting and efficiency-boosting measures.
Key Announcements by Tata Steel
- 1,600 Job Cuts: The company will reduce management and support staff roles to improve efficiency.
- Higher Production Volumes: The Netherlands plant produced 6.75 MTPA of liquid steel in FY25 after recovering from blast furnace delays in FY24.
- Challenging Market Conditions: Rising energy costs, geopolitical uncertainties, and supply chain disruptions have affected the company’s European business.
- Green Steel Transition: Tata Steel is working with the Dutch government to shift towards sustainable steelmaking.
CEO’s Statement
T. V. Narendran, CEO of Tata Steel, stated, “We are committed to making Tata Steel Nederland one of the most efficient steel-making sites in Europe. Our focus remains on improving competitiveness while advancing in green steel production.”
Similarly, Hans van den Berg, CEO of Tata Steel Nederland, emphasized that the restructuring is necessary to build a future-proof and sustainable steel company.