Tata Steel clears funds for Neelachal Ispat Nigam expansion, boosts India capacity

The Tata Steel board approved a ₹33,873 crore investment to expand Neelachal Ispat Nigam Ltd capacity to 6.2 million tonnes. CEO T.V. Narendran said the expansion "is central to our strategy of deepening our presence in high-margin and branded long products." This move helps boost the company's manufacturing footprint in India.