CCI Clears Tata Steel’s Full Takeover of Tata BlueScope

25 Dec 2025 CW Team

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.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..