New Delhi: Domestic steel giant Tata Steel is interested in acquiring state-owned Rashtriya Ispat Nigam Limited (RINL), the company's Chief Executive Officer (CEO) and Managing Director T V Narendran said. When asked about Tata Steel's interest in acquiring RINL, Narendran replied in affirmative. The CEO further said Tata Steel has submitted Expression of Interest (EoI) for Odisha-based steel maker Neelachal Ispat Nigam Ltd (NINL) as well. We have submitted the EoI but not as Tata steel but as Tata Steel Long Products. Kolkata-based Tata Steel Long Products is in the business of manufacturing high alloy steel, primarily for the auto sector and wire rope industry.

Source: Mint August 17, 2021 08:15 UTC