Tata Steel to merge wholly owned subsidiary NINL, aims to optimise operations

In a strategic decision to enhance operational efficiency, Tata Steel's board has greenlit the merger of its subsidiary Neelachal Ispat Nigam into the parent company. This consolidation is designed to streamline operations and reduce expenses. Furthermore, Tata Steel has earmarked up to $2 billion for T Steel Holdings, aimed at bolstering overseas ventures and settling debts.