Tata Steel Ltd announced the merger of seven of its subsidiaries with itself, including four listed and three unlisted companies, to consolidate its operations and save costs.
The board of Tata Steel approved the amalgamation of Tata Steel Long Products Ltd (TSL), Tinplate Co. of India Ltd, Tata Metaliks Ltd, TRF Ltd, The Indian Steel & Wire Products Ltd, Tata Steel Mining Ltd and S&T Mining Co. Ltd.