Tata Steel shares were trading higher in early market hours today after the company confirmed that engineering work has officially begun for Phase 1 of the Neelachal Ispat Nigam Ltd (NINL) expansion project. This move marks one of the largest capital expenditure plans under Tata Steel’s India capacity expansion roadmap, reinforcing its long-term growth strategy in the domestic steel market.
The company also clarified that its 50.01% stake acquisition in Thriveni Pellets was completed at close to book value, easing concerns around valuation and strengthening confidence among investors. The acquisition is seen as a strategic step to enhance Tata Steel’s raw material security and operational integration.
According to management commentary, the NINL expansion project is expected to take nearly three to four years to complete once the final board approvals are in place. The development underscores Tata Steel’s focus on increasing capacity in high-demand segments while improving overall production efficiency.
The stock reacted positively to the updates. As of 9:26 AM IST, Tata Steel shares were trading 1.76% higher at ₹169.30, reflecting investor optimism around the company’s expansion momentum and capital discipline.
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