Nilachal Ispat has been acquired by Tata Metal and began operations

BhubaneswarOdisha-based Neelachal Ispat Nigam Restricted (NINL) has commenced operations nearly 90 days after it was acquired by a Tata Metal subsidiary within the bidding course of for Rs 12,000 crore, mentioned a press release on Monday.

The plant with a capability to make 1.1 million tonnes of metal was closed for nearly two years as a consequence of numerous causes.

Tata Metal Lengthy Merchandise (TSLP), a unit of Tata Metal, mentioned in a press release that it achieved a milestone with the restarting of blast furnaces at its subsidiary NINL, 90 days after the completion of its acquisition on July 4, 2022. .

TV Narendran, President, Tata Metal Lengthy Merchandise Restricted and NINL mentioned, “Provided that the positioning was not in operation for 2 years, we needed to shortly restart the furnace whereas deploying and demonstrating the robust execution capabilities of Tata Metal .

Narendran, who can be the CEO and managing director of the mum or dad Tata Metal, mentioned the main target is now on progressively ramping up manufacturing to the rated capability as per the plan.

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