Tata Steel will buy a stake in Nilachal Ispat for Rs 12,100 crore.

In its second acquisition of a public sector undertaking (PSU) within a week

The Tata Group acquired a majority stake in Neelachal Ispat Nigam (NINL)

Which gave a strong impetus to the government’s privatization drive

Which has aroused the interest of Marquez private sector investors.

An alternative mechanism, comprising Union Ministers Nitin Gadkari, Nirmala Sitharaman and Piyush Goya

And two Odisha government companies to sell 93.7 per cent stake in NINL to Tata Steel Long Products (TSLP).

The company has a market cap of Rs 12,100 crore.