Tata Steel Long Products pays Rs 12100 crore to acquire NINL

Business Headlines

Following the Rs 12100 crore Enterprise Value paid by Tata Steel Long Products Limited (TSLP) to the government, the disinvestment of Neelachal Ispat Nigam Limited (NINL) is completed and now it’s the part of Tata Steel family.
The strategic disinvestment of NINL, a joint venture of 4 CPSEs (MMTC, NMDC, MECON, BHEL) and 2 Odisha Govt. PSUs (OMC and IPICOL)– is completed with the transfer of 93.71% shares of all its joint venture partners to TSLP.

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