Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
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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