Tata Steel eyes NINL merger this fiscal; Rs 40,000 crore expansion awaits clearance
Tata Steel plans to finalize the merger of Neelachal Ispat Nigam Ltd (NINL) this financial year. The National Company Law Tribunal (NCLT) will review the proposed merger soon. Tata Steel has previously acquired NINL's assets for Rs 12,100 crore to enhance production capacity. The company aims to…
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Tata Steel eyes FY27 completion of NINL merger, clearing path for Rs 40,000 crore expansionTata Steel expects to complete NINL's merger by FY27, subject to NCLT approval later this month, paving the way for a Rs 40,000 crore expansion that will add 5 million tonnes of steel capacity.Moneycontrol · 13h ago
Tata Steel Aims to Complete NINL Amalgamation This FiscalTata Steel plans to complete the Neelachal Ispat Nigam Ltd (NINL) amalgamation this fiscal, pending NCLT approval. This paves the way for a Rs 40,000 crore expansion.Rediff · 22h ago