Tata Steel Long Products accepts DIPAM’s LoA for NINL acquisition
Tata Steel Long Products said that it has accepted the letter of award (LoA) issued by the Indian government’s Department of Investment and Public Asset Management (DIPAM) pertaining to the acquisition of a 93.71% stake in Neelachal Ispat Nigam Limited (NINL). The consideration for the stake in Neelachal Ispat Nigam Limited is INR 12,100 crores. […]