– The issue comprises a fresh issue worth up to INR 5,000 million together with an offer for sale of up to INR 7,500 million.
Both contracts also involve architectural finishing, water supply, sanitary systems, and drainage works for stations along the Danapur-Khemnichak Corridor.
Following the latest infusion, TSHP will remain a wholly owned foreign subsidiary of Tata Steel, the company said in a filing with stock exchanges.
The block, spread over 3.38 sq km in Adilabad district, has been offered under a composite licence, which permits both prospecting and mining operations.
The company operates an extensive dealer network of more than 1,250 dealers across 29 of Bihar’s 38 districts
The campaign will continue until October 1, with fresh booking slots opening daily at special Muhurat times.
The Government nodded to the project this year in August 2025. The commercial contract will today be formally signed, stated the sources.
This EPC-based project is scheduled for completion in 42 months.
Reports suggest that the floor price for the deal has been fixed at ₹7,300 per share. This is at a 3.10% discount against the previous trading price.
The company said the notification will soon be formalised into a signed agreement.
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