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Sale of Ferro Alloy Plant at Jajpur to IMFA Ltd.

27th Feb 2026 14:25

RNS Number : 7742U
Tata Steel Limited
27 February 2026
 

 

Ref.: SEC/1982/2025-26

February 27, 2026

 

London Stock Exchange

London

 

Dear Madam, Sirs,

 

Sub: Sale of Ferro Alloy Plant at Jajpur to Indian Metals & Ferro Alloys Ltd.

 

This is further to the press release dated November 4, 2025 in connection with Tata Steel Limited ('Company') entering into an Asset Transfer Agreement with Indian Metals & Ferro Alloys Ltd. for the sale of its Ferro Alloy Plant at Jajpur, Odisha.

 

This is to inform you that, upon receiving of necessary regulatory approvals, the Company has today i.e. on February 27, 2026 successfully completed the sale of its Ferro Alloy Plant at Jajpur, Odisha for a base consideration of ₹610 crore (net of GST and excluding working capital) to Indian Metals & Ferro Alloys Ltd.

 

This disclosure is being made in compliance with Regulation 30 read with Regulation 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

 

This is for your information and records.

 

 

 

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