CURRENT AFFAIRS

Detailed explanation-1: -12,100 crore. Located in the close proximity to Tata Steel’s state-of-the-art facility at Kalinganagar, NINL is a strategic acquisition for Tata Steel as it provides synergies of shared infrastructure, resources, management etc.

Detailed explanation-2: -Tata group in July has completed the acquisition of 93.71 per cent in Neelachal Ispat Nigam Limited (NINL) through its listed step-down subsidiary, Tata Steel Long Products (TSLP).

Detailed explanation-3: -Tata group firm had bought the company for ₹12,100 crore The Government on Monday completed the privatisation of Neelachal Ispat Nigam Limited (NINL) by handing it over formally to Tata Steel Long Products Limited. The buyer has paid ₹12,100 crore.

Detailed explanation-4: -NEW DELHI : Tata Steel Long Products Ltd has completed the acquisition of state-owned Neelachal Ispat Nigam Ltd for ₹12,100 crore, the Centre said on Monday.

Detailed explanation-5: -Those seven metal companies of Tata group that will be merged with Tata Steel are Tata Steel Long Products Limited, The Tinplate Company of India Limited, Tata Metaliks Limited, TRF Limited, The Indian Steel & Wire Products Limited, Tata Steel Mining Limited and S & T Mining Company Limited.