Tata Steel acquires entire equity stake of SAIL held in S&T Mining
12th Apr 2022

Tata Steel has completed acquisition of the entire equity stake of Steel Authority of India (SAIL) (50%) held in S&T Mining Company (S&T Mining). On completion of the acquisition, S&T Mining (presently a Joint Venture between SAIL and the Company), has become a wholly owned subsidiary of the Company.

Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.