Tata Steel (TATASTEEL) — Board Meeting

Tata Steel's Board approved the acquisition of 50.01% equity stake in Thriveni Pellets Private Limited for ₹636 crore, securing a 4 MTPA pellet plant and 212 km slurry pipeline in Odisha to strengthen raw material supply. The Board also approved 4.8 MTPA capacity expansion at Neelachal Ispat Nigam Limited, a 2.5 MTPA Thin Slab Caster facility at Meramandali, a 0.7 MTPA Hot Rolled Pickling and Galvanizing Line at Tarapur, and commenced engineering for a 1 MTPA HIsarna demonstration plant in Jamshedpur. Additionally, Tata Steel signed an MoU with Lloyd Metals for iron ore mining and a 6 MTPA greenfield steel capacity in Gadchiroli, Maharashtra.

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About Tata Steel Limited (TATASTEEL)

Metals & Mining · Ferrous Metals · Listed on NSE

Market Cap: ₹2,70,692.8 Cr P/E: 29.5 ROE: 10.1% ROCE: 10.9%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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