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From snakes, scorpions to success: How Rs 12100 crore deal by Ratan Tata's company revived ailing government firm

What followed Tata's Rs 12,100 crore acquisition was a 90-day deadline and another Rs 250 crore investment. The company which was reeling under debt and uncertain future has already churned out a revenue of Rs 4600 crore since the deal last year. ....

Narendra Modi , Sudhir Kumar Mehta , Tata Group , Tata Steel , Neelachal Ispat Nigam Ltd , Tata Steel Long Products , Kumar Mehta , Ratan Tata , Tata Steel , Modi Government , Narendra Modi , Tv Narendran ,

Running at 100 pc capacity now, NINL was home to snakes, scorpions when acquired by Tata Steel, says MD Mehta

On July 4, 2022, Tata Steel completed the acquisition of Odisha-based Neelachal Ispat Nigam Ltd (NINL) the first state-owned steel company to be divested by the Narendra Modi-led government through its erstwhile subsidiary Tata Steel Long Products (TSLP) for a consideration of Rs 12,100 crore. ....

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'When Acquired By Tata Steel, NINL Was Home To Snakes, Now Running At Full Capacity', Says MD

NINL is now doing financially good and has generated a revenue of around Rs 3,000 crore in the April-September or first half of the ongoing fiscal. ....

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