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Neelachal Ispat Nigam Ltd Ninl
Business  /  Published 07.02.22

Tata Steel capital plan to focus on debt reduction

Days before Tata Steel came out with yet another strong financial performance, the company’s subsidiary was declared as the highest bidder to acquire Neelachal Ispat Nigam Ltd. In an interview w...
By Sambit Saha

Business  /  Published 01.02.22

Tatas win Neelachal Ispat bid

Tata Steel has emerged as the successful bidder for Odisha-based Neelachal Ispat Nigam Ltd (NINL) after agreeing to offer Rs 12,100 crore for the company, marking the first privatisation of a public s...
By Our Special Correspondent in Calcutta

Business  /  Published 07.07.21

Tata Steel to invest, pare debt

Tata Steel is going to invest Rs 10,000-12,000 crore per annum for the next five years to scale up the India business even as it plans reduce leverage by at least $1 billion (Rs 7,400 crore) on an ann...
By Sambit Saha in Calcutta

Business  /  Published 30.03.21

Big three eye Neelachal

The Tatas, Mittals and the Jindals are in the fray to acquire public sector Neelachal Ispat Nigam Ltd (NINL) via a centrally sponsored divestment programme. Monday was the cut off to submit an express...
By Sambit Saha in Calcutta


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