Tata Steel Limited has signed an Asset Transfer Agreement with Indian Metals & Ferro Alloys Ltd. (IMFA) for the sale of its Ferro Alloy Plant at Jajpur, Odisha. The base consideration for the transaction is Rs. 610 crore. The deal is expected to be completed within 3 months, subject to customary regulatory approvals, aligning with Tata Steel’s strategy to streamline operations and focus on core business areas.
Asset Transfer Agreement
Tata Steel Limited announced on November 4, 2025, that it has entered into an Asset Transfer Agreement with Indian Metals & Ferro Alloys Ltd. (IMFA) for the sale of its Ferro Alloy Plant located in Jajpur, Odisha.
Transaction Details
The sale of the Ferro Alloy Plant will be for a base consideration of Rs. 610 crore. The completion of the transaction is anticipated within 3 months, pending the necessary regulatory approvals. This strategic move is expected to allow Tata Steel to optimize its asset portfolio.
Tata Steel Overview
Tata Steel group is among the top global steel companies with an annual crude steel capacity of 35 million tonnes. The group recorded a consolidated turnover of around US$26 billion in the financial year ending March 31, 2025.
Tata Steel has announced its major sustainability objectives including Net Zero by 2045. It has received the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar, and IJmuiden Plants.
Source: BSE
