Tata Steel Board Greenlights ₹18,488 Crore Singapore Infusion

Tata Steel has approved a plan to invest $2 billion (₹18,488 crore) in its Singapore-based wholly owned subsidiary, T Steel Holdings Pte Ltd, in a phased manner starting from FY27. The proposal was cleared at a recent board meeting.

In a separate move, the company’s board has also approved the merger of its wholly owned subsidiary, Neelachal Ispat Nigam Ltd, with Tata Steel, as part of its broader strategy to streamline operations and strengthen its corporate structure.

News by Rahul Yelligetti.