Tata Steel, Tata Power Company and BLS International Services to see some action today

03 Feb 2026 Evaluate

Tata Steel has acquired 620,78,37,302 equity shares of face value $0.1008 each aggregating to $625.75 million (Rs 5,754.67 crore) in T Steel Holdings (TSHP), a wholly owned foreign subsidiary of the Company. Post this acquisition, TSHP will continue to be a wholly owned foreign subsidiary of the Company.

Tata Power Company’s subsidiary-- Tata Power Renewable Energy (TPREL) has successfully commissioned a 198 MW wind energy project for Tata Steel under the Group Captive model in Karur, Tamil Nadu, one of the largest wind projects of its kind. The project comprises 55 wind turbine generators of 3.6 MW each and is designed to generate 31 million units of clean electricity annually, further advancing Tata Steel’s decarbonization journey and strengthening TPREL’s contribution to India’s renewable energy capacity.

BLS International Services’ wholly owned subsidiary-- BLS International FZE has acquired 95% share capital of the MVA INTERNATIONAL W.L.L, incorporated under law of Bahrain. Consequent to such acquisition, it will become a Step Down Subsidiaries of the Company (SDS).

ACME Solar Holdings’ subsidiary-- ACME Eco Clean Energy has received the Certificate of Commissioning on January 31, 2026, from the Gujarat Energy Development Agency (GEDA) for 16 MW out of its 100 MW wind power project at Village: Garambhadi, Piparali, Kotda, Taluka: Sayla; District: Surendranagar, Gujarat.

Artemis Medicare Services has received approval for the raising of funds for an aggregate amount not exceeding Rs 700 crore, by way of issuance of any instrument or security for cash, including equity shares, fully or partly convertible debentures, non-convertible debentures along with warrants, any other equity based securities or any combination thereof, in one or more tranches and/or one or more issuances, simultaneously or otherwise, including by way of preferential allotment or a private placement, qualified institutions placement(s) and/or any combination thereof or any other method as may be permitted in accordance with the applicable provisions of the Companies Act, 2013. The Board of Directors at its meeting held on February 2, 2026, inter- alia approved the same.

Sundaram Finance has received approval for revise the limit for raising funds, during the financial year 2025-26, by issuance of Non-Convertible Debentures (NCDs) on private placement basis, in one or more tranches, from Rs 13,000 crore to Rs 16,000 crore. The Board of Directors at its meeting held on February 2, 2026, accorded its approval for the same.

Kranti Industries has received purchase order from Armoured Vehicles Nigam– Heavy Vehicles Factory (AVNL–HVF), a Defence Public Sector Undertaking (DPSU) under the Ministry of Defence, for Machining of precision components for Defence applications. Broad consideration or size of the order(s)/contract(s) is approximately Rs 31.24 lakh.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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