Tata Steel shows inclination towards RINL acquisition

18 Aug 2021 CW Team

Tata Steel plans to acquire Rashtriya Ispat Nigam Limited (RINL), a Vishakhapatnam-based steel producing major.

In Visakhapatnam, Andhra Pradesh, RINL owns and runs a 7.3 million tonne (mt) plant.

The Cabinet Committee on Economic Affairs (CCEA), on January 27, provided its in-principal permission for 100% disinvestment of government stake in RINL. Along with RINL's stake in its joint enterprises by strategic disinvestment using privatisation.

RINL has access to Gangavaram Port, where raw materials like coking coal come, and the firm also has around 22,000 acres of land.

Tata Steel would have more access to the South East Asian markets because RINL is established on the eastern coast of India, apart from providing the domestic requirements of special steel by rail and road.

T V Narendran, the CEO, Tata Steel, informed that the steel-producing firm submitted an Expression of Interest (EoI) for the Neelachal Ispat Nigam Ltd (NINL) based in Odisha as well.

NINL is a joint venture firm with four central PSUs: Bharat Heavy Electricals Ltd (BHEL), MMTC, National Mineral Development Corporation (NMDC). IPICOL and Odisha Mining Corporation (OMC) are two Odisha Government shareholder firms.

The Centre allotted in principle permission for the necessary sale of NINL by allowing the six PSU shareholders to sell their stake in the steel company in January 2020.

Tata Steel Long Products produces high alloy steel, mainly for the wire rope and auto sector industry. It is one of the largest speciality steel plants in India in the long product sector.

Image Source

Also read: Tata Steel sets up world’s first ultraviolet oxidation plant in Odisha

Infrastructure Urban

10 Apr 2026

Güntner Showcases Cooling Tech at China Expo

Güntner showcased its latest refrigeration and air conditioning innovations at China Refrigeration 2026, highlighting digital intelligence and carbon-neutral solutions.The company presented its aicore™ Controls and IoT platform, designed to optimise energy consumption, enable remote monitoring and enhance lifecycle management of cooling systems. The solution integrates advanced controllers and cloud-based capabilities to improve operational efficiency and reduce energy use.Güntner also demonstrated advancements in heat pump technologies, including its role in projects such as the Ordos Zer..

Superb Realty Ties Up with Praan for AI Air Tech

Superb Realty has partnered with Praan to deploy AI-powered autonomous air infrastructure across over one million sq ft of real estate in Mumbai, marking a significant move towards intelligent indoor environments.The rollout will begin at Superb Altura and expand across upcoming residential and mixed-use developments. The initiative aims to integrate real-time sensing, adaptive purification and AI-led optimisation to improve indoor air quality and occupant experience.Praan’s technology is designed to remove ultrafine particles significantly smaller than conventional systems and eliminate har..

DAAKit Raises $138,000 in Pre-Seed Round

DAAKit has raised $138,000 in a pre-seed funding round led by Inflection Point Ventures to expand its hyperlocal fulfilment network and strengthen technology capabilities.The company plans to use the funds to launch 25 new dark stores across Tier I and Tier II cities, enhance its technology infrastructure, and expand its leadership and operations teams. Currently operational in Delhi, Gurugram, Mumbai, Bengaluru and Kolkata, DAAKit is also piloting expansion into Tier II markets through Lucknow.Built on an asset-light, technology-driven model, the platform enables brands to position inventory ..