Tata Steel has announced the acquisition of the remaining 50% equity stake in Tata BlueScope Steel Private Limited (TBSPL) from BlueScope Steel Asia Holdings Pty Ltd for a consideration of up to ₹1,100 crore. This acquisition will make TBSPL an indirect, wholly-owned subsidiary, enhancing Tata Steel’s focus on downstream businesses in the flat product segment. The transaction is subject to regulatory approvals and is expected to be completed in 3-4 months.
Acquisition Announcement
Tata Steel has finalized an agreement to acquire the remaining 50% equity stake in Tata BlueScope Steel Private Limited (TBSPL) from BlueScope Steel Asia Holdings Pty Ltd (BSAH). The consideration for this acquisition is valued at up to ₹1,100 crore.
Strategic Rationale
This acquisition aligns with Tata Steel’s strategic objective to increase its focus on downstream businesses within the flat product segment. By gaining full control of TBSPL, Tata Steel aims to enhance its offerings in the building and construction sector with world-class coated steel products.
Details of the Transaction
The acquisition involves 43,30,00,000 equity shares and is expected to be completed within 3-4 months, pending customary conditions and regulatory approvals, including clearance from the Competition Commission of India.
TBSPL Overview
Tata BlueScope Steel Private Limited, established in 2005 as a joint venture, specializes in manufacturing metal-coated and color-coated steel products. The entity has operations in Jamshedpur, Chennai, Bhiwadi, Adityapur, and Khed City. Key financial figures for TBSPL include:
- FY 2024-25: Revenue of ₹4,234 crore and Profit of ₹62 crore
- FY 2023-24: Revenue of ₹4,240 crore and Profit of ₹29 crore
- FY 2022-23: Revenue of ₹3,255 crore and Profit of ₹284 crore
Post-acquisition, TBSPL will become an indirect wholly owned subsidiary of Tata Steel Limited.
Financial Performance Overview
Tata Steel reported its consolidated financial results for Q2, reflecting a Net Profit of ₹3,183.09 crore as compared to ₹758.84 crore during the corresponding quarter of last year. Revenue from operations stood at ₹58,689.29 crore.
The Board also approved the Audited Standalone and Unaudited Consolidated Financial Results for the quarter and six months ended September 30, 2025. These results have been reviewed by the Audit Committee.
Source: BSE
