Shares of Tata Steel Ltd . were trading up nearly 2% on Thursday, December 11, after the company unveiled a series of major capex plans.

The steelmaker outlined a broad expansion roadmap. It will first scale up capacity at NINL by 4.8 mtpa in Phase 1, followed by the establishment of a 2.5 mtpa thin slab caster and rolling mill in Odisha. Tata Steel will also set up a 0.7 mtpa hot rolled pickling and galvanising line in Maharashtra to strengthen its downstream presence.

The two companies, Tata Steel and Lloyd Metal, have signed an MoU to collaborate across iron ore mining, logistics including slurry pipelines, and pellet and steelmaking in Maharashtra.

Tata Steel also plans to build a greenfield steel plant of 6 mtpa in the state, in two phases. In a parallel step, it has acquired a 5

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