Tata Steel completed the purchase of a 26% equity stake in TP Adarsh Limited on April 21, 2026. The transaction involved subscribing to 5.9 million shares at Rs 10 each, totaling Rs 5.9 crore. This deal transforms TP Adarsh Limited into an indirect associate of the steel giant.

The agreement involves Tata Power Renewable Energy Limited, the parent company of TP Adarsh.

This move provides Tata Steel with renewable energy sources for its manufacturing operations. By integrating these power solutions, the company expects to achieve greater cost efficiency and advance its decarbonization targets.

The Board of Directors initially approved this investment on July 30, 2025.