Acquiring Company
Tata Steel
Acquired Company
Neelachal Ispat Nigam Ltd (NINL)
MumbaiOdishaManufacturingMiningPrecious MetalsManufacturingDescription
Tata Steel expects to complete the amalgamation of NINL in FY27, subject to final approval from the National Company Law Tribunal, which is scheduled to hear the matter later this month. The approval would clear the way for a Rs 40,000 crore expansion adding around 5 million tonnes of capacity at NINL's site.
Quick answer
Tata Steel is acquiring Neelachal Ispat Nigam Ltd (NINL), announced November 15, 2026. Tata Steel is based in Mumbai, Maharashtra, India.
- How much did Tata Steel pay for Neelachal Ispat Nigam Ltd (NINL)?
- The deal value was not disclosed.
- What does Tata Steel do?
- We have provided accessibility tools on our website that will ease user experience.
- Where are Tata Steel and Neelachal Ispat Nigam Ltd (NINL) based?
- Tata Steel is based in Mumbai, Maharashtra, India. Neelachal Ispat Nigam Ltd (NINL) is based in Odisha, India.
- Who are the decision-makers at Tata Steel?
- Fundz holds 1 contact at Tata Steel. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Neelachal Ispat Nigam Ltd (NINL)?
Neelachal Ispat Nigam Ltd (NINL) was acquired by Tata Steel, based in Mumbai. The deal was reported on November 15, 2026. We have provided accessibility tools on our website that will ease user experience. The Accessibility tool will help you to increase/decrease font size, change different contrast scheme on our website. Tata Steel is privately held and operates in Manufacturing.
When did Tata Steel acquire Neelachal Ispat Nigam Ltd (NINL)?
Tata Steel's acquisition of Neelachal Ispat Nigam Ltd (NINL) was reported on November 15, 2026. Tata Steel expects to complete the amalgamation of NINL in FY27, subject to final approval from the National Company Law Tribunal, which is scheduled to hear the matter later this month. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Neelachal Ispat Nigam Ltd (NINL) do?
NINL is a former state-owned steel company privatised by the Indian government. Its 1 million tonnes per annum steel manufacturing unit is located about 5-10 km from Tata Steel's Kalinganagar plant. It is privately held, operating in Manufacturing, and is based in Odisha.
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