Tata Steel has signed an Asset Transfer Agreement with Indian Metals & Ferro Alloys (IMFA) for the sale of its Ferro Alloy Plant at Jajpur, Odisha for a base consideration of Rs 610 crore. The transaction is expected to close within 3 months, after receipt of requisite approvals.
Earlier, the company had entered into a long-term contract with Air Water India (AWIPL) for the operation and maintenance of its Air Separation Unit (ASU) located at Jamshedpur.
Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.05 |
| JSW Steel | 1279.60 |
| SAIL | 175.05 |
| Jindal Stainless | 787.90 |
| APL Apollo Tubes | 2107.15 |
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