Tata Steel has approved acquiring the remaining 50% equity stake in Tata BlueScope Steel Private Limited (TBSPL) from BlueScope Steel Asia Holdings Pty Ltd for up to ₹1,100 crore. Following the acquisition, TBSPL will become an indirect, wholly-owned subsidiary. The transaction, subject to regulatory approvals, aligns with Tata Steel’s strategy to strengthen its downstream business in the flat products segment and expand its footprint in India’s coated steel market.
Strategic Acquisition Approved
Tata Steel has announced its decision to acquire the remaining 50% equity stake in Tata BlueScope Steel Private Limited (TBSPL). The acquisition, approved on November 12, 2025, will see Tata Steel assume full control of the joint venture, further strengthening its position in the Indian steel market.
Deal Terms and Rationale
The transaction involves a consideration of up to ₹1,100 crore to be paid to BlueScope Steel Asia Holdings Pty Ltd (‘BSAH’). With the acquisition, TBSPL will transition into an indirect wholly-owned subsidiary of Tata Steel. This move aligns with Tata Steel’s strategic objective to expand its downstream operations within the flat products segment.
Tata BlueScope Steel Overview
Tata BlueScope Steel (TBSPL) is engaged in manufacturing and selling coated steel products in India and SAARC countries. Key financial figures for TBSPL include:
- FY 2024-25 Revenue: ₹4,234 crore
- FY 2023-24 Revenue: ₹4,240 crore
- FY 2022-23 Revenue: ₹3,255 crore
- FY2024-25 Profit: ₹62 crore
- FY2023-24 Profit: ₹29 crore
- FY2022-23 Profit: ₹284 crore
TBSPL has a strong presence with operations in Jamshedpur, Chennai, Bhiwadi, Adityapur and Khed City.
Looking Ahead
The transaction is expected to be completed within 3-4 months, pending customary approvals. The deal will enable Tata Steel to streamline operations and further capitalize on the growth potential of the coated steel market in India.
Source: BSE
