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Tata Steel Infuses ₹3,104 Crore in Singapore Subsidiary, Shares Gain

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India 9 hours ago Economic Times

Tata Steel Infuses ₹3,104 Crore in Singapore Subsidiary, Shares Gain

Tata Steel has announced an equity infusion of ₹3,104 crore (USD 355 million) into its wholly owned subsidiary, T Steel Holdings Pte Ltd, Singapore. The company acquired 35.32 crore equity shares through this transaction, further strengthening the capital base of its overseas arm.

This strategic investment underscores Tata Steel’s commitment to supporting its global operations and long-term growth agenda. The Singapore-based subsidiary plays a vital role in the group’s international business structure, and regular infusions are aimed at ensuring financial stability and competitiveness in global markets.

The latest move follows a series of recent capital support measures. In June 2025, Tata Steel had invested around ₹1,562 crore (USD 180 million), followed by another USD 125 million in July into the same subsidiary. Industry experts view this consistent financial backing as part of the company’s larger strategy to expand its global footprint while reinforcing its overseas balance sheet.

On the financial performance front, Tata Steel reported a sharp rise in consolidated net profit for Q1 FY26, which more than doubled to ₹2,007 crore from ₹918.6 crore in the same quarter last year. This growth was achieved despite a marginal dip in revenue, reflecting the company’s improved operational efficiency and cost management.