Tata Steel's NINL Turnaround Paves Way for Major Expansion.

In a significant success story for industrial revival, Tata Steel Ltd. has orchestrated a remarkable turnaround at Neelachal Ispat Nigam Ltd. (NINL), transforming the once-ailing steel unit into an EBITDA-positive entity. This impressive feat comes nearly three years after Tata Steel's acquisition of NINL.

The revitalization marks a pivotal moment for NINL, which had been struggling prior to its integration with Tata Steel. The company is now setting its sights on substantial growth, with ambitious Phase 2 expansion plans aiming to boost NINL's capacity from its current 1 million tonnes per annum (mtpa) to a formidable 9.5 mtpa. This planned expansion underscores Tata Steel's commitment to leveraging and maximizing the potential of its acquired assets, further solidifying its position in the Indian steel industry.