The Times of India

Tata Steel eyes NINL merger this fiscal; Rs 40,000 crore expansion awaits clearance

Tata Steel plans to finalize the merger of Neelachal Ispat Nigam Ltd (NINL) this financial year. The National Company Law Tribunal (NCLT) will review the proposed merger soon. Tata Steel has previously acquired NINL's assets for Rs 12,100 crore to enhance production capacity. The company aims to add 5 million tonnes of capacity at the facility located near Kalinganagar steel plant.