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Tata Steel merges Neelachal Ispat Nigam, plans $2-bn investment in Singapore armThe board sanctioned the merger of Neelachal Ispat Nigam Ltd, with net assets of ₹2,365.81 crore and revenue of ₹5,701.06 crore in FY25. Shares of Tata Steel Ltd ended at ₹195.40, up by ₹8.25, or 4.41%, on the BSE today, March 17.By Jomy Jos Pullokaran  March 17, 2026, 7:24:24 PM IST (Updated)2 Min ReadSteel giant Tata Steel Ltd on Tuesday (March 17) said the board has approved a series of decisions, including the amalgamation of its wholly-owned subsidiary Neelachal Ispat Nigam Ltd (NINL), a major equity infusion into its foreign subsidiary, and the full acquisition of Medica TS Hospital in Odisha.

The board sanctioned the merger of Neelachal Ispat Nigam Ltd into Tata Steel. Neelachal Ispat Nigam Ltd, with net assets of ₹2,365.81 crore and revenue of ₹5,701.06 crore in FY25, will be consolidated into Tata Steel, whose net assets and revenue for the same period were ₹1,26,731.94 crore and ₹1,32,516.66 crore, respectively.

The merger will cancel Neelachal Ispat Nigam Ltd's equity and preference shares without any cash outflow or issuance of new shares. Post-merger, Tata Steel’s shareholding structure remains unchanged.

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Separately, Tata Steel approved an investment of up to $2 billion (₹18,488.10 crore) in its wholly-owned foreign subsidiary, T Steel Holdings Pte Ltd, Singapore, from FY2026-27 in one or more tranches.

T Steel Holdings Pte Ltd will use the funds to support overseas subsidiaries, including capital expenditure, restructuring, and debt repayment. Tata Steel will retain 100% ownership of T Steel Holdings Pte Ltd, with necessary approvals from the Reserve Bank of India for investments exceeding $1 billion.

The board also approved the acquisition of 100% equity and preference shareholding in Medica TS Hospital Private Ltd from Manipal Hospitals Eastern India Private Ltd for ₹1.49 crore. The transaction includes 7,40,000 equity shares and 2,30,05,182 optionally convertible redeemable preference shares.

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Medica TS Hospital operates a 100-bed multi-speciality hospital in Kalinganagar, Odisha, providing healthcare to Tata Steel employees, contractors, and the local community. The acquisition is expected to be completed within a month.

Shares of Tata Steel Ltd ended at ₹195.40, up by ₹8.25, or 4.41%, on the BSE today, March 17.Continue Reading(Edited by : Shoma Bhattacharjee)First Published: Mar 17, 2026 7:23 PM ISTTagsNeelachal Ispat Nigamshare market todayTata Steel