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Tata Steel Limited completed the sale of its Ferro Alloy Plant at Jajpur, Odisha, to Indian Metals & Ferro Alloys Ltd. on February 27, 2026. The sale was for a base consideration of ₹610 crore (net of GST and excluding working capital), following the receipt of necessary regulatory approvals.
| Date | 27 Feb 2026 |
| Time | 14:25:44 |
| Category | Acquisitions and alliances |
| ID | 7742U |
Ref.: SEC/1982/2025-26
February 27, 2026
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London Stock Exchange London |
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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.