Tata Steel Q2 results, to buy remaining 50% in Tata BlueScope for ₹1,100 cr
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Tata Steel approved Q2 FY26 results. Standalone net profit rose to ₹4,060 cr from ₹3,591 cr YoY; consolidated revenue ₹58,689 cr. Board also approved acquiring the remaining 50% stake in Tata BlueScope Steel from BlueScope for up to ₹1,100 cr. On completion, TBSPL will become a wholly owned subsidiary. Deal awaits CCI and other approvals.
Positive for shareholders: Tata Steel gains full control of coated steel JV. Deal at ₹1,100 cr awaits CCI approval.