You are here: Home » Companies » News
Tata Steel to work 'expeditiously' to restart NINL, expand capacity
Business Standard

Tata Steel completes Rs 12,100 cr acquisition of NINL via step-down arm

Apart from a 1.1 mt plant, Neelachal Ispat Nigam has iron ore mines with reserves of 90 million tonnes and 2,500 acres of land providing scope for future expansion

Topics
Tata Steel | Tata group | NINL

Ishita Ayan Dutt  |  Kolkata 



Tata Steel
The acquisition of NINL is in sync with Tata Steel’s plan to grow its long product capacity as India focuses on infrastructure spend which is expected to boost steel consumption

on Monday said that it has completed the of 93.71 per cent in Neelachal Ispat Nigam Limited (NINL) through its listed step-down subsidiary, Long Products (TSLP).

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Mon, July 04 2022. 19:58 IST

RECOMMENDED FOR YOU

.