The stock was up 3.23% from its previous finish at Rs 131 as of 12:30 am on the BSE, while India's key Sensex increased by 0.08% to 65.436 points.
JSW Steel and JFE concluded a joint feasibility study on May 22.
The company's standalone sales volume for the quarter was 548,613 MT.
The Indian steelmaker is in talks with banks about potential financing.
Tata Steel further added that this initiative is open to participants from India and the UK.
Tata Steel is appealing the Delhi High Court's January 13 order.
The index reshuffling stems from the completion of the major corporate merger between HDFC and HDFC Bank.
The company said that it achieved a combined production of 6.61 million tonnes in Q1FY24.
The ECAs will contribute to the purchase of capital goods for the plant.
The company has been selected as the preferred bidder for two blocks.
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