The Competition Commission of India has approved Tata Steel Ltd’s proposal to acquire sole control of Tata BlueScope Steel Private Ltd by purchasing the remaining 50 per cent equity stake held by BlueScope Steel Asia Holdings Pty Ltd. With the clearance, Tata Steel will assume full ownership of the company, which was earlier operated as a 50:50 joint venture.

According to the CCI, Tata BlueScope Steel was jointly owned by Tata Steel Downstream Products Limited, a wholly owned subsidiary of Tata Steel, and BlueScope Steel Asia Holdings, a subsidiary of Australia-based BlueScope Steel Limited. The proposed transaction involves Tata Steel acquiring the entire shareholding of the seller, resulting in a shift from joint control to sole control of the target entity.

Tata Steel, a publicly listed company, is engaged in the manufacture and sale of steel and related products catering to sectors such as agriculture, automotive, construction, energy and infrastructure. The company also has interests in iron ore mining and the production of iron ore pellets, sponge iron and crude steel.

Tata BlueScope Steel operates in the coated steel segment, offering surface-coated steel products and related solutions. Its portfolio includes metallic-coated or galvanised steel, as well as pre-painted and colour-coated steel products, supplied in coil form or as finished products. These products are widely used in applications such as roofing, walling and cladding.

The approval paves the way for Tata Steel to strengthen its presence in the value-added and downstream steel products segment, reinforcing its strategic focus on higher-margin offerings.