Tata Group acquires NINL

Category : Business and economics Published on: February 02 2022

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Tata Group Company, Tata Steel Long Products Ltd’s (TSLP) has acquired Odisha-based Neelachal Ispat Nigam Ltd (NINL) for Rs 12,100 crore.
Neelachal Ispat Nigam Ltd (NINL) is a steel plant located in Kalinganagar in Odisha and was shut in March 2020 due to continued losses. It has a capacity of 1.1 million tonnes a year.
NINL is a joint venture of 4 CPSEs — MMTC, NMDC, BHEL, MECON, and 2 Odisha Government PSUs — OMC and IPICOL.

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