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Investegate |Tata Steel Limited Announcements | Tata Steel Limited: Transfer of stake in Adityapur Toll Bridge Co. Ltd

Investegate announcements from Tata Steel Limited, Transfer of stake in Adityapur Toll Bridge Co. Ltd ....

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Investegate |Tata Steel Limited Announcements | Tata Steel Limited: Transfer of stake by Tata Steel Ltd in Group Co

Investegate |Tata Steel Limited Announcements | Tata Steel Limited: Transfer of stake by Tata Steel Ltd in Group Co
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Tata Steel consolidated its utilities and infra services biz under TSUISL

Tata Steel announced that the company is reorganizing its India footprint into 4 clusters to drive scale, synergies and simplification and to create value for all stakeholders.
As part of the said initiative, the company on 03 April 2021 transferred the (i) 100% stake it held in Tata Steel Special Economic Zone (TSSEZ), (ii) 100% stake it held in The Tata Pigments (TPL), (iii) 32.67% stake it held in Jamipol (JAMIPOL), and (iv) 20.99% stake it held in Nicco Jubilee Park (NJPL) to Tata Steel Utilities and Infrastructure Services (TSUISL) (formerly known as Jamshedpur Utilities & Services Company), a wholly owned subsidiary of the company.
TSUISL has been identified as the anchor entity for the Utilities and Infrastructure Services cluster. ....

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