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Tata Steel emerged as the highest bidder and took over the company through its wholly-owned subsidiary Bamnipal Steel Ltd. The company was renamed as Tata Steel BSL. Later in 2021 Tata Steel amalgamated Bamnipal Steel Ltd. and Tata Steel BSL thereby the latter became a direct subsidiary of Tata Steel (72.65%). [37] [38] [39]
Tata Steel acquired a 72.65% stake in Bhushan Steel on 18 May 2018 through its subsidiary Bamnipal Steel. Tata Steel paid ₹ 35,200 crore (equivalent to ₹ 470 billion or US$5.4 billion in 2023) to Bhushan Steel's creditor banks, and an additional ₹ 1,200 crore (equivalent to ₹ 16 billion or US$190 million in 2023) over 12 months to Bhushan Steel's operational creditors. [7]
The Tata Steel Chess Tournament 2025 was the 87th edition of the annual chess tournament held in Wijk aan Zee. It was held from 17 January to 2 February 2025. The field of 14 players in the Masters section included the defending champion Wei Yi, as well as 2024 Challengers winner Leon Luke Mendonca.
May 2018 – Bhushan Steel Limited, India; February 2021 – BigBasket (68%) by Tata Digital; June 2021 – 1mg (55%) by Tata Digital; October 2021 – Air India, Air India Express and 50% stake in Air India SATS for ₹ 18,000 crore (US$2.1 billion). January 2022 – Nilachala Ispat Nigam Ltd, $1.5 billion
Steel Authority of India Ltd (SAIL) produced 18.733 million tonnes of hot metal and 17.366 million tonnes of crude steel during 2021–22, its best ever production performance. The increase in turnover coupled with improved operational performance, helped the company achieve its highest-ever numbers in terms of profitability.
In 2021, the company was split into a British and a Dutch branch: Tata Steel Netherlands (TSN) and Tata Steel UK, both of which fell directly under the Indian parent company Tata Steel. [1] Corus Group was formed through the merger of the Koninklijke Hoogovens and British Steel plc in 1999 and was a constituent of the FTSE 100 Index.