- Tata Group company, Tata Steel Long Products Ltd’s (TSLP) has acquired Odisha-based Neelachal Ispat Nigam Ltd (NINL) for Rs 12,100 crore.
- Neelachal Ispat Nigam Ltd (NINL) is a steel plant located in Kalinganagar in Odisha and was shut in March 2020 due to continued losses. It has a capacity of 1.1 million tonnes a year.
- NINL is a joint venture of 4 CPSEs — MMTC, NMDC, BHEL, MECON and 2 Odisha Government PSUs — OMC and IPICOL.
Points to remember:
- which company has acquired Neelachal Ispat Nigam Ltd (NINL) ?
- Neelachal Ispat Nigam Ltd (NINL) was based in which state?
Source: economic times