Tata Steel has completed the acquisition of 100% equity stake in Neelachal Ispat Nigam (NINL) on July 24, 2025, and accordingly, NINL has become a wholly owned subsidiary of the company.

Earlier, on July 4, 2022, Tata Steel Long Products (erstwhile listed subsidiary company which stands amalgamated into and with Tata Steel effective November 11, 2023 through a sanctioned Scheme of Amalgamation) had acquired 93.71% equity stake in Neelachal Ispat Nigam (NINL) through the process run by Department of Disinvestment & Public Asset Management for an aggregate consideration of Rs 12,100 crore. Further, on February 21, 2023, Tata Steel acquired 5.23% equity stake in NINL and subsequently, during Fiscal 2023 through Fiscal 2025, acquired, in tranches, minority equity stake in NINL.

Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.