Sale4 Nov 2025, 06:12 pm
Tata Steel Limited Sells Ferro Alloy Plant to IMFA for Rs. 610 Crore
AI Summary
Tata Steel Limited has signed an Asset Transfer Agreement with Indian Metals & Ferro Alloys Ltd. (IMFA) for the sale of its Ferro Alloy Plant at Jajpur, Odisha for a base consideration of Rs. 610 crore. The transaction is expected to close within 3 months, after receipt of requisite approvals. This disclosure is being made in compliance with Regulation 30 read with Regulation 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
Key Highlights
- Tata Steel Limited is selling its Ferro Alloy Plant at Jajpur, Odisha to Indian Metals & Ferro Alloys Ltd. (IMFA) for a base consideration of Rs. 610 crore.
- The transaction is expected to close within 3 months, after receipt of requisite approvals.
- This disclosure is being made in compliance with Securities and Exchange Board of India regulations.
- Tata Steel is one of the world's most geographically diversified steel producers.
- Tata Steel has announced its major sustainability objectives including Net Zero by 2045.