Tata Steel Limited announced the successful completion of the sale of its Ferro Alloy Plant located in Jajpur, Odisha, to Indian Metals & Ferro Alloys Ltd. The transaction was finalized on February 27, 2026, following the receipt of necessary regulatory approvals. The confirmed base consideration for the divestiture, excluding GST and working capital adjustments, amounted to ₹610 crore.
Finalization of Asset Transfer
Tata Steel Limited confirmed today, February 27, 2026, that it has successfully completed the sale of its Ferro Alloy Plant situated in Jajpur, Odisha. This divestiture was executed via an Asset Transfer Agreement with Indian Metals & Ferro Alloys Ltd., an entity with which Tata Steel had previously entered into an agreement on November 4, 2025.
Transaction Value Confirmed
The financial details of the closure confirm that the Company received a base consideration totaling ₹610 crore for the asset. It is important to note that this figure is explicitly stated as being net of GST and excluding working capital adjustments related to the ongoing operations of the plant.
Corporate Disclosure
This confirmation of the transaction closure serves to formally inform the stock exchanges about the completion of the divestiture, providing necessary updates on material corporate activity as required.
Source: BSE
