Let’s look at the top stock that will be in the spotlight in today’s trading session, driven by key expansion approvals and strategic investments.
Tata Steel: Big Expansion, New Capacity & Strategic Acquisition
Tata Steel will remain a major stock to watch today after its Board approved several significant growth initiatives:
1. 4.8 MTPA Capacity Expansion at NINL
The Board has cleared Phase 1 expansion at Neelachal Ispat Nigam Ltd (NINL), adding 4.8 million tonnes per annum of capacity.
This move strengthens Tata Steel’s long-products portfolio and supports its long-term growth strategy.
2. New HRPGL Facility in Maharashtra
The company will also set up a
0.7 MTPA Hot Rolled Pickling and Galvanizing Line (HRPGL)
at its existing Cold Rolling Complex in Tarapur, Maharashtra.
This is expected to boost its value-added product offerings and improve margins.
3. Acquires Majority Stake in Thriveni Pellets
Tata Steel has approved the acquisition of a
50.01% equity stake in Thriveni Pellets (TPPL)
from Thriveni Earthmovers (TEMPL) for ₹636 crore.
This acquisition strengthens Tata Steel’s raw material security and enhances pellet production capabilities.
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