Shares of Tata Steel will remain in investors’ focus, as the steel major acquires 74 per cent stake in Bhubaneshwar Power Private Ltd (BPPL) from JL Power Ventures Private Ltd for ₹255 crore to ramp up its captive source of power. The acquisition will provide an opportunity to meet its growing power demand, Tata Steel added. The acquisition will require an approval from the Odisha Industrial Infrastructure Development Corporation.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.