REG - Tata Steel Limited - Sale of Ferro Alloy Plant at Jajpur to IMFA Ltd.

TATA SteelAnnouncement

27/02/2026 14:30

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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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