Shares of Tata Steel Ltd were trading in the green on 28 August after the company bought shares worth Rs 3,100 crore in its Singapore-based subsidiary, T Steel Holdings Pte Ltd. 

In an exchange filing, one of the biggest names in the Indian steel business stated that it is increasing its investment in T Steel Holdings Pte. Ltd through equity share subscriptions. Tata Steel paid $355 million (about Rs 3,104.03 crore) for 353,23,38,309 equity shares of T Steel Holdings Pte. Ltd., with a face value of $0.1005.

Following this transaction, TSHP will remain a completely owned overseas subsidiary of the corporation. This is a critical moment for steel businesses like Tata Steel, which are bracing for the uncertainty surrounding Trump’s tariffs.

The company’s first-quarter earnings were strong. Tata Steel reported a net profit of Rs 2,007 crore in the first quarter of FY26, more than doubling from Rs 918.6 crore the previous year.

Revenue for the quarter was Rs 53,178 crore, down 2.9% from the previous year. In the previous year, the company reported revenue of Rs 54,771 crore.

In the United Kingdom, revenue totalled £536 million. Deliveries totalled 0.60 million tons, significantly lower due to weak market demand.

At 12:59 pm, the shares of Tata Steel were trading 0.77% lower at Rs 153.83 on NSE.

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