Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
NINL reports ₹1,000 Cr EBITDA in FY25.
Q4 revenue up 25% YoY to ₹1,417 Cr.
Operational turnaround under Tata Steel.
Neelachal Ispat Nigam Limited (NINL), a Tata Steel subsidiary, reported an operational profit in the fourth quarter of FY 2024-25, marking a significant turnaround from previous years. The company posted a revenue of ₹1,417 crore in Q4, a 25% increase year-on-year. For the full fiscal year, NINL's revenue stood at ₹5,701 crore, up 3.5% from the previous year.
The company's EBITDA for Q4 was ₹313 crore, a substantial rise from ₹71 crore in the same quarter last year. For the entire fiscal year, NINL achieved an EBITDA of ₹1,067 crore, twenty times higher than the previous year, indicating a robust operational performance.
This positive financial outcome underscores the successful integration of NINL into Tata Steel's operations and reflects the company's strategic focus on enhancing efficiency and productivity.
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