Tata Steel Long Products signs agreement to acquire 93.7% stake in NINL

Tata Steel Long Products signs agreement to acquire 93.7% stake in NINL

Tata Steel Limited and Tata Steel Long Products Limited have signed a share sale and purchase agreement for acquiring a stake of 93.71% in Neelachal Ispat Nigam Limited (NINL) for INR 12,100 crores. Tata Steel and Tata Steel Long Products signed the agreement with MMTC, NMDC, MECON, Bharat Heavy Electricals Ltd (BHEL), Industrial Promotion and […]

Tata Steel to acquire 93.7% stake in Neelachal Ispat Nigam for Rs 12,100cr

Tata Steel to acquire 93.7% stake in Neelachal Ispat Nigam for Rs 12,100cr

Tata Steel said that its subsidiary Tata Steel Long Products has prevailed in a bidding process to acquire a stake of 93.71% in Neelachal Ispat Nigam Limited (NINL) for INR 12,100 crores. The auction process is being carried out by the Indian government’s Department of Disinvestment & Public Asset Management (DIPAM). Neelachal Ispat Nigam has […]