Tata Steel Completes ₹610 Crore Sale of Jajpur Ferro Alloy Plant to IMFA

New Delhi, February 27, 2026: Tata Steel Limited has successfully completed the sale of its Ferro Alloy Plant located at Jajpur, Odisha, to Indian Metals & Ferro Alloys Ltd. (IMFA) for a base consideration of ₹610 crore.

The transaction was finalized on February 27, 2026, following receipt of the necessary regulatory approvals. The consideration amount is net of GST and excludes working capital adjustments.

Background of the Transaction

Tata Steel had earlier announced on November 4, 2025, that it had entered into an Asset Transfer Agreement with IMFA for divestment of the ferro alloys facility. The completion of the transaction marks the formal transfer of ownership of the plant.

The Ferro Alloy Plant at Jajpur, Odisha, has been part of Tata Steel’s broader portfolio, and the divestment aligns with the company’s strategic portfolio optimization initiatives.

Regulatory Disclosure

The company informed both stock exchanges — BSE (Scrip Code: 500470) and NSE (Symbol: TATASTEEL) — that the disclosure is being made in compliance with Regulation 30 read with Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The communication was signed by Parvatheesam Kanchinadham, Company Secretary and Chief Legal Officer of Tata Steel Limited.

Strategic Significance

The transaction strengthens IMFA’s ferro alloys business footprint while enabling Tata Steel to streamline its asset base and focus on core steel operations.