Tata Steel will merge its wholly owned subsidiary, Neelachal Ispat Nigam Limited (NINL), into the parent company to simplify its corporate structure, aiming to cut administrative costs, remove operational duplications, and improve raw material security. Tata Steel originally purchased the unit for Rs 12,100 crore in July 2022.

Besides, the board approved a US$2 billion investment in T Steel Holdings Pte. Ltd. (TSHP) starting in the fiscal year 2027. TSHP will use the Rs 18,488.10 crore to support overseas operations and repay existing debt.

By consolidating NINL and funding its foreign arm, Tata Steel intends to reduce regulatory compliance burdens and optimize global business activities through a more efficient legal framework.