Acquisitions27 Feb 2026, 07:24 pm
Tata Steel Ltd Successfully Sells Ferro Alloy Plant to Indian Metals & Ferro Alloys Ltd for 610 Crore
AI Summary
Tata Steel Ltd has completed the sale of its Ferro Alloy Plant at Jajpur, Odisha to Indian Metals & Ferro Alloys Ltd for a base consideration of 610 crore (net of GST and excluding working capital). This sale was initiated following an Asset Transfer Agreement dated November 4, 2025. The necessary regulatory approvals have been received, making the sale successful.
Key Highlights
- Tata Steel Ltd sells Ferro Alloy Plant to Indian Metals & Ferro Alloys Ltd
- Sale completed for a base consideration of 610 crore
- Necessary regulatory approvals received
- Sale in compliance with SEBI regulations
- Sale includes Ferro Alloy Plant at Jajpur, Odisha