# Tata Steel Long Products acquires NINL for Rs 12,100 crore

Tata Steel Long Products won the bid to acquire Neelachal Ispat Nigam Ltd (NINL) for approximately Rs 12,100 crore, including NINL's 1.1 million tonne steel plant in Odisha and iron ore assets.

- Type: Acquisition
- Announced: 2022-01-31
- Where: Odisha, India
- Value: $1.62B (121.0B INR)
- Status: completed
- Capacity: 1.1 million tonnes per year
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Tata Steel Long Products](https://endata.com/companies/60695.md) (acquirer)
- [Neelachal Ispat Nigam Ltd](https://endata.com/companies/60696.md) (target)

## Sources

- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/govt-approves-ninl-sale-to-tata-steel-long-products-for-rs-12100-cr/articleshow/89244524.cms), 2022-01-31: "The government approves strategic buyer for NINL located in Odisha."
- [indianexpress.com](https://indianexpress.com/article/business/tata-steels-bid-neelachal-ispat-equity-approved-7749803/), 2022-01-31: "The government on Monday approved the highest bid of Tata Steel Long Products Limited for acquiring 93.71 per cent equity in Neelachal Ispat Nigam Ltd."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.