Mumbai: Tata Steel has announced an expansion blueprint, including plans to add 4.8 million tonnes (mt) of capacity at Neelachal Ispat Nigam Ltd (NINL) in Odisha’s Kalinganagar.

In a statement, the steelmaker said that the board has accorded in-principle approval to the project, which will allow the company to broaden its retail-oriented long products range and capitalise on the ongoing construction boom across the country. ADVERTISEMENT

Separately, Tata Steel also signed definitive agreements to acquire a 50.01% stake in Thriveni Pellets Private Limited (TPPL), which fully owns Brahmani River Pellets Limited (BRPL). The 4 MTPA pellet plant in Jajpur, Odisha, along with its 212-km slurry pipeline, will come under the transaction, pending regulatory clearances. Lloyd Metals holds the rem

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