New Delhi, Dec. 15 -- Shares of Tata Steel Ltd have gained about 6% over the past three trading days after its board approved a slew of projects, along with an acquisition and a memorandum of understanding (MoU). Together, these initiatives aim to enhance scale, expand the product portfolio, strengthen backward and forward integration, and reduce the company's carbon footprint.

Among the largest is a 4.8 million tonnes per annum (mtpa) expansion project, along with associated mines, at Neelachal Ispat Nigam Ltd, which currently has a capacity of 1 mtpa. The expansion would allow Tata Steel to significantly scale up its long products portfolio, primarily catering to the retail construction sector, a higher-margin and high-growth segment....