<p>Tata Steel Limited announced that it has acquired 1170 million 0.01% Non-Convertible Redeemable Preference Shares of face value INR 100 each of Tata Steel Long Products Limited, aggregating to INR 11,700 crore in Tranche 2. The NCRPS are being acquired to assist Tata Steel Long Products in funding its growth plans including the acquisition of shares of Neelachal Ispat Nigam Limited or any other company, repayment & prepayment of any indebtedness including financial or operational creditors of Tata Steel Long Products and & or its subsidiary, lending to any subsidiary of Tata Steel Long Products and & or for general corporate purposes.</p><p>Tata Steel Long Products Limited is a listed subsidiary of Tata Steel Limited and forms part of the Tata Steel Group. Tata Steel Long Products Limited is one of the largest specialty steel plants in India with an annual capacity of 1 million tonne per annum. From being a Direct Reduced Iron manufacturer, the Company has become one of the leading players in the field of Long Products with commercial presence across India. Tata Steel Long Products has its manufacturing plants in Joda, Odisha, and Gamharia, Jharkhand located near India's richest iron ore reserves and is well connected with roadways and railways, enabling it to seamlessly cater to different stakeholders.</p><p>Revenue </p><p>FY2020-21: INR 4,749.87 crore</p><p>FY2019-20: INR 3,489.99 crore</p><p>FY2018-19: INR 992.05 crore</p><p>Tata Steel, being the Promoter Company, holds 74.91% equity shareholding and 100% preference shareholding in Tata Steel Long Products Limited as on date.</p>
<p>Tata Steel Limited announced that it has acquired 1170 million 0.01% Non-Convertible Redeemable Preference Shares of face value INR 100 each of Tata Steel Long Products Limited, aggregating to INR 11,700 crore in Tranche 2. The NCRPS are being acquired to assist Tata Steel Long Products in funding its growth plans including the acquisition of shares of Neelachal Ispat Nigam Limited or any other company, repayment & prepayment of any indebtedness including financial or operational creditors of Tata Steel Long Products and & or its subsidiary, lending to any subsidiary of Tata Steel Long Products and & or for general corporate purposes.</p><p>Tata Steel Long Products Limited is a listed subsidiary of Tata Steel Limited and forms part of the Tata Steel Group. Tata Steel Long Products Limited is one of the largest specialty steel plants in India with an annual capacity of 1 million tonne per annum. From being a Direct Reduced Iron manufacturer, the Company has become one of the leading players in the field of Long Products with commercial presence across India. Tata Steel Long Products has its manufacturing plants in Joda, Odisha, and Gamharia, Jharkhand located near India's richest iron ore reserves and is well connected with roadways and railways, enabling it to seamlessly cater to different stakeholders.</p><p>Revenue </p><p>FY2020-21: INR 4,749.87 crore</p><p>FY2019-20: INR 3,489.99 crore</p><p>FY2018-19: INR 992.05 crore</p><p>Tata Steel, being the Promoter Company, holds 74.91% equity shareholding and 100% preference shareholding in Tata Steel Long Products Limited as on date.</p>
