Prabhudas Lilladher: Accumulate Tata Steel to Rs 188 on Expansion Plans

• Prabhudas Lilladher recommends 'Accumulate' for Tata Steel with a revised target price of Rs 188.
• Tata Steel plans to increase NINL's capacity from 1mtpa to 5.8mtpa, focusing on long products.
• Tata Steel will add a 2.5mtpa Thin Slab Caster & Rolling mill at Meramandali to enhance thinner-gauge flats capacity.
• Tata Steel signed an MoU with Llyod Metals & Energy for partnerships, including a potential 6mtpa greenfield capex in Maharashtra.
• Prabhudas Lilladher cut estimates by 2-3% due to current weakness in steel pricing.

Why It Matters: This offers a financial recommendation for Tata Steel stock.