Tata Steel’s subsidiary Tata Steel Long Products Limited announced that it has accepted the said Letter of Award issued by Government of India’s Department of Investment and Public Asset Management on 2 February 2022 for the acquisition of 93.71% equity stake of Neelachal Ispat Nigam Limited and the process for acquisition of NINL is likely to be completed within the next couple of months in accordance with the timelines announced by DIPAM Tata Steel Long Products Limited also said that in a board meeting, the proposal of fund raising by way of issuance of unlisted Non-Convertible Redeemable Preference Shares for an amount not exceeding INR 13,300 crore on a private placement basis was approved Tata Steel Long Products Limited – Oct-Dec 2021 QuarterCrude Steel production – 171KT, down 2% QoQSteel Sales – 164KT, down 2% QoQ
Tata Steel’s subsidiary Tata Steel Long Products Limited announced that it has accepted the said Letter of Award issued by Government of India’s Department of Investment and Public Asset Management on 2 February 2022 for the acquisition of 93.71% equity stake of Neelachal Ispat Nigam Limited and the process for acquisition of NINL is likely to be completed within the next couple of months in accordance with the timelines announced by DIPAM Tata Steel Long Products Limited also said that in a board meeting, the proposal of fund raising by way of issuance of unlisted Non-Convertible Redeemable Preference Shares for an amount not exceeding INR 13,300 crore on a private placement basis was approved Tata Steel Long Products Limited – Oct-Dec 2021 QuarterCrude Steel production – 171KT, down 2% QoQSteel Sales – 164KT, down 2% QoQ
