Acquisitions
In 2004, Tata Steel acquired the steel-making operations of the Singapore-based NatSteel for S$486.4 million in cash.[23] At the end of 2003, NatSteel reported a turnover of S$1.4 billion and a pre-tax profit of S$47 million.[23] Following the acquisition's completion in 2005,[24][25] these operations were managed through a wholly owned subsidiary, NatSteel Asia Private Ltd.[23] At that time, NatSteel's finished steel capacity was approximately 2 million tonnes per annum.[25][26]
In 2005, Tata Steel acquired a majority stake in the Thailand-based Millennium Steel for $130 million. This included US$73 million for a 40% stake from Siam Cement and an offer for an additional 25% at 1.13 baht per share.[27][28] Renamed Tata Steel Thailand and headquartered in Bangkok,[29] the company was 68% owned by Tata Steel as of 31 March 2013.[30]
In 2006, Tata Steel acquired Anglo-Dutch company Corus for £4.3 billion ($8.1 billion) at 455 pence per share.[31] On 19 November 2006, Brazil's Companhia Siderúrgica Nacional (CSN) issued a counteroffer of 475 pence per share, valuing the company at £4.5 billion ($6.04 billion). Tata raised its bid to 500 pence per share on 11 December 2006, but was quickly surpassed by a CSN offer of 515 pence per share, valuing the deal at £4.9 billion ($6.57 billion). On 31 January 2007, Tata Steel secured the acquisition with a final bid of 608 pence per share, valuing Corus at £6.7 billion ($12 billion).[32] At the time, Corus produced four times more steel annually than Tata Steel; Corus was the world's 9th largest producer, while Tata Steel was ranked 56th. The acquisition made Tata Steel the world's 5th largest steel producer.[31]
Tayo Rolls, formerly Tata-Yodogawa Limited, is a metal fabrication company based in Jamshedpur, India. Founded in 1968 as a joint venture between Tata Steel and Japan's Yodogawa Steels, it became a Tata Steel subsidiary in 2008. Tata Steel currently holds a 55.24% stake.[33][34]
In 2007, Tata Steel's Singapore subsidiary, NatSteel Asia Pte Ltd, acquired controlling interests in two Vietnamese rolling mills for $41 million. This included 100% of Structure Steel Engineering Pte Ltd (SSE Steel) and 70% of Vinausteel Ltd. The deal added a 250,000-tonne capacity bar/wire rod mill and a 180,000-tonne reinforcing bar mill to Tata's operations.[35][36]
Following insolvency proceedings initiated in July 2017, Tata Steel acquired Bhushan Steel through its subsidiary, Bamnipal Steel Ltd. The entity was renamed Tata Steel BSL. In 2021, Tata Steel amalgamated Bamnipal Steel and Tata Steel BSL, resulting in Tata Steel holding a 72.65% direct stake.[37][38][39]
In 2019, Tata Sponge Iron Limited acquired the steel division of Usha Martin Limited (UML) for inr 40940000000. The purchase included a 1.0 MnTPA specialty steel plant in Jamshedpur, an iron ore mine, a coal mine under development, and captive power plants.[40][41]
In 2022, Tata Steel Long Products (TSLP) acquired a controlling stake in Odisha-based Neelachal Ispat Nigam Ltd. for inr 121000000000 after outbidding Jindal Steel and JSW Steel.[42]
On 25 February 2025, Tata Steel Limited invested $1,238 million (₹10,727 crore) to acquire 788.5 crore additional shares of its subsidiary, T Steel Holdings Pte. Ltd., maintaining its 100% ownership.[43][44]
