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Tata Steel TRF merger: Tata Steel board decides not to merge TRF Ltd as company sees turnaround

Tata Steel has decided not to pursue the amalgamation of TRF Ltd as the associate company is experiencing a turnaround in its business performance. The boards of both companies have made this decision. Tata Steel has been providing support to TRF through orders and funds. Additionally, Tata Steel has successfully merged five businesses, including Tata Steel Mining Ltd and Tata Steel Long Products Ltd, with more mergers in progress. ....

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