MUMBAI: Tata Steel plans to merge Neelachal Ispat Nigam (NINL) with itself as part of a broader strategy to simplify its corporate structure and enhance operational synergies. The company acquired NINL from the govt in July 2022 for Rs 12,100 crore and, under the disinvestment terms, was required to maintain it as a separate legal entity for three years-a period that has now concluded.
In addition, Tata Steel will infuse $2 billion into its subsidiary T Steel Holdings.
