Tata Steel shares in focus as steel major acquires stake in subsidiary for ₹3,104 crore

"In this connection, we wish to inform you that the company has today, i.e., on August 26, 2025, acquired 353,23,38,309 equity shares of face value USD 0.1005 each, aggregating to $355 million (₹3,104.03 crore*) in TSHP. "Post this acquisition, TSHP will continue to be a wholly owned foreign subsidiary of the Company," Tata Steel said in its filing to stock exchanges.

T Steel Holdings Pte. Ltd. (TSHL) is a Singapore-incorporated entity and a wholly-owned foreign subsidiary of Tata Steel Limited, a major Indian multinational steel manufacturer.

Tata Steel Q1 FY26 Results

Tata Steel's consolidated net profit more than doubled to ₹2,007.36 crore during the June quarter, on account of "increase in net steel realisations and the planned cost-takeouts" across geographies.

The Tata Group entity had posted a net profit of ₹918.57 crore in the year-ago period.

The company's total income was lower at ₹53,466.79 crore in the first quarter of FY26 compared to ₹55,031.30 crore logged in the same period a year ago, the company said in a regulatory filing.

The integrated steel maker managed to bring down expenses to ₹50,347.31 crore from ₹52,389.06 crore logged in the corresponding quarter of FY25.

The cost of materials consumed by the company was at ₹18,028.08 crore in the first quarter, lower than ₹20,642.17 crore registered in the April-June quarter of the last financial year.

Tata Steel's revenues from India declined to ₹31,014.36 crore in the first quarter from ₹32.957.89 crore seen in the year-ago period.

The board of the company also approved infusion of an amount up to ₹6 crore, in one or more tranches, in TP Adarsh Ltd (TPAL), and execution of a Share Purchase & Shareholders' Agreement (SPSA) between the company, Tata Power Renewable Energy Ltd (TPREL) and TPAL for acquisition (including by way of subscription) of a 26% equity stake in TPAL.

In a statement, Tata Steel CEO and MD T. V. Narendran said the company has delivered robust profitability across geographies despite volatile global macro conditions and heightened uncertainty.

"The strong improvement in our Q1 performance on a quarter-on-quarter (QoQ) as well as year-on-year (YoY) basis was driven by an increase in our net steel realisations and the planned cost takeouts," he said.