Tata Steel begins operations at Neelachal Ispat Nigam plant in Odisha ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 18
Odisha-based Neelachal Ispat Nigam Ltd (NINL) has started operations nearly 90 days after it was acquired by a Tata Steel subsidiary for Rs 12,000 crore in a bidding process, a statement said on Monday. The plant with a 1.1 million tonnes steel-making capacity was closed for almost two years on account of various reasons. Tata Steel Long Products (TSLP), a Tata Steel arm, in the statement said that it achieved a milestone with the restarting of the blast furnace at its subsidiary NINL, just 90 days after the completion of its acquisition on July 4, 2022. T V Narendran, Chairman of Tata Steel Long Products Ltd & NINL said, Given that the site was not in operation for two years, we wanted to r

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