Tata Steel Limited — JV/Acquisition, 17-03-2026: Acquisition

Tata Steel is making strategic moves! It will fully merge Neelachal Ispat Nigam Ltd (NINL), a 0.98 MTPA steel plant (FY25 revenue ₹5,701.06 Cr), to simplify its structure, boost efficiency, and secure raw materials. The company will also invest ₹18,488.10 Cr into its overseas holding arm to fund global operations and debt. Plus, Tata Steel is acquiring the remaining 49% equity and 31.85% preference stake in Medica TS Hospital for ₹1.49 Cr, gaining 100% control of this critical multi-speciality hospital in Kalinganagar to ensure employee and community healthcare.