JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
Tata Steel is planning to merge Neelachal Ispat Nigam Ltd. (NINL) with itself in a move aimed at simplifying its corporate structure and improving operational synergies. Tata Steel had acquired NINL from the government in July 2022 for Rs 12,100 crore, and under the disinvestment terms, the company was required to keep NINL as a separate legal entity for three years. With that period now over, the proposed merger is expected to help streamline operations and strengthen integration within Tata Steel’s broader business strategy. The company has also announced a $2 billion capital infusion into its subsidiary T Steel Holdings, reflecting its continued focus on strengthening group structure and long-term steel business efficiency.
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