Tata Steel Ltd.

Tata Steel has received approval for infusion of an amount up to Rs 6 crore, in one or more tranches, in TP Adarsh (TPAL), and execution of a Share Purchase & Shareholders’ Agreement (SPSA) between the company, Tata Power Renewable Energy (TPREL) and TPAL for acquisition (including by way of subscription) of 26% equity stake in TPAL. 

Post-acquisition of the 26% equity stake, by Tata Steel, in TPAL, TPAL will become an associate company of Tata Steel and consequently a related party. The objective of the acquisition is to optimize Tata Steel’s power cost and carbon footprint by replacing grid power with cost effective renewable power. The said transaction is expected to be completed within 3 months from the date of execution of Share Purchase & Shareholder’s Agreement. The Board of Directors of the company at their meeting held on July 30, 2025, has considered and approved the same. 

Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.