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The Board of Directors of Tata Steel Limited approved the amalgamation of six majority-owned subsidiaries and TRF Limited into Tata Steel Limited, including Tata Steel Long Products, The Tinplate Company of India, Tata Metaliks, The Indian Steel & Wire Products, Tata Steel Mining, S & T Mining Company, and TRF Limited.
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.