Tata Steel Long Products, in its provisional figures for 2QFY24, has spotlighted an increase in crude steel production on a year-on-year basis. This rise can be predominantly attributed to the contributions from Neelachal Ispat Nigam Limited (NINL). However, a sequential dip from 1QFY24 to 2QFY24 in crude steel production and deliveries has been observed, primarily […]
Tata Steel along with its subsidiaries Tata Steel Long Products and Tinplate Company of India has signed memorandum of understanding (MoUs) with the Indian Ministry of Steel for eight product categories under the Production-linked incentive (PLI) Scheme for specialty steel. The Ministry signed a total of 57 MoUs with 27 firms covering 20 sub-categories. The […]
Tata Steel Long Products (TSLP) said that it has restarted the blast furnace at the Kalinganagar iron and steel plant of its subsidiary Neelachal Ispat Nigam Ltd (NINL). According to the Tata Group company, the milestone comes 90 days after the completion of acquiring a 93.71% stake in Neelachal Ispat Nigam Limited for INR 12,100 […]
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 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. […]
Tata Steel Limited has reported a profit after tax (PAT) of INR 9,598 crores for the third quarter of the fiscal year 2022 (Q3 FY22), a 139.3% increase compared to INR 4,011 crores in the same period of the previous fiscal year. In the previous quarter, that is Q2 FY22, the Indian steelmaker had a […]