Tata Steel Limited has informed the Exchange regarding a press release dated November 04, 2025, titled "Tata Steel Limited signs an Asset Transfer Agreement with Indian Metals & Ferro Alloys Ltd. (IMFA) for the sale of its Ferro Alloy Plant at Jajpur, Odisha".
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Tata Steel has signed an Asset Transfer Agreement with Indian Metals & Ferro Alloys Ltd. (IMFA) to sell its Ferro Alloy Plant located in Jajpur, Odisha. The base consideration for the deal is Rs. 610 crore. The transaction is expected to close within 3 months, subject to receiving the necessary regulatory and other approvals. Tata Steel is a major steel manufacturer with 35 million tonnes of annual crude steel capacity, while the ferro alloy plant is a non-core, supplementary asset to its primary steel-making operations.
This is a relatively small divestment (Rs. 610 crore) of a non-core asset, which should have a minor positive impact by monetising an ancillary business and freeing up capital for Tata Steel's core steel operations. The deal value is not material enough to significantly move the stock price, but it reflects the company's focus on streamlining its portfolio.