Tata Steel Approves Amalgamation of NINL, $2 Billion Investment in TSHP, Full Acquisition of Medica TS Hospital

Mumbai: Tata Steel Limited has announced multiple strategic corporate actions following its Board meeting held today:

1. Amalgamation with Neelachal Ispat Nigam Limited (NINL)
   The Board approved the Scheme of Amalgamation of its wholly owned subsidiary, NINL, with Tata Steel and their respective shareholders. The merger aims to simplify the corporate structure, improve operational efficiency, and consolidate long product assets, while unlocking potential synergies in production, logistics, and raw material utilization. The merger will be executed under Sections 230-232 of the Companies Act, 2013, subject to regulatory approvals.

2. Investment in T Steel Holdings Pte. Ltd. (TSHP)
   Tata Steel will invest up to USD 2 billion (~₹18,488 crore) in its wholly owned foreign subsidiary TSHP, starting FY2026-27 in one or more tranches. The investment will support the overseas subsidiaries for operational expansion, restructuring, and repayment of existing debt. Post-investment, Tata Steel will maintain 100% ownership in TSHP.

3. Acquisition of Medica TS Hospital
   Tata Steel will acquire 49% equity and 31.85% preference shares of Medica TS Hospital Private Limited from Manipal Hospitals Eastern India Private Limited for ₹1.49 crore, making it a wholly owned subsidiary. The hospital, located in the Kalinganagar Industrial Complex, Odisha, provides multi-speciality healthcare for Tata Steel employees, contract workers, and the local community. Full acquisition will enhance healthcare access and operational control in the region.

Rationale and Impact:

• The NINL amalgamation will reduce administrative duplications, streamline supply chains, optimize logistics, improve working capital management, and foster integration of best practices in sustainability, safety, and operations.

• The TSHP investment ensures Tata Steel’s overseas operations are adequately capitalized to drive expansion and growth.

• The Medica TS Hospital acquisition aligns with Tata Steel’s commitment to employee welfare and community healthcare.

The Board meeting commenced at 2:00 PM IST and concluded at 5:15 PM IST. Full details of these corporate actions are available on Tata Steel’s website.

About Tata Steel Limited:
Tata Steel, incorporated in 1907, is one of the world’s leading steel manufacturers with a broad portfolio of steel products and an extensive distribution network. NINL is a wholly owned subsidiary operating an integrated steel plant in Odisha.

Contact Information:

• Company Secretary & Chief Legal Officer: Parvatheesam Kanchinadham

• Website: www.tatasteel.com