Tata Steel Limited — JV/Acquisition, 30-07-2025: Acquisition

Tata Steel has approved acquiring a 26% equity stake in TP Adarsh Limited (TPAL) for up to ₹6 Cr. This strategic move aims to optimize Tata Steel's power costs and reduce its carbon footprint by transitioning from grid power to cost-effective renewable energy. TPAL, a new entity focused on solar power generation, is yet to commence operations. The acquisition will allow Tata Steel to secure captive green power, enhancing operational efficiency and bolstering its sustainability initiatives. This cash-based deal is expected to complete within three months.