After Indian Metals & Ferro Alloys Ltd (IMFA), the nation’s top fully integrated producer of value-added ferro chrome, announced the completion of the strategic acquisition of Tata Steel Limited’s (TSL) ferro chrome plant in Kalinganagar, Odisha, Tata Steel shares are expected to be in the spotlight on Monday, March 2. The transaction has been fully funded by internal accruals and is valued at Rs 707.26 crore, which includes base consideration of Rs 610 crore, GST, and net working capital.
The recently acquired manufacturing facility, which spans 115 acres in Kalinganagar, has four furnaces that can produce 100,000 tonnes per annum (tpa) annually. When the partially constructed fifth furnace is put into service in about a year, that capacity will rise to 150,000 tpa.
Commenting on the acquisition, Mr Subhrakant Panda, Managing Director, IMFA said: “It is a transformative deal which marks a key milestone in the company’s growth journey. We are committed to creating value for all stakeholders by working towards a smooth and seamless integration which delivers significant operational synergies. Together with our greenfield expansion, it positions us as India’s largest producer of ferro chrome and amongst the foremost globally. We will continue to shape the future of ferro chrome – responsibly, sustainably and ambitiously.”
Tata Steel Limited has recently announced the acquisition of additional equity shares in its wholly owned foreign subsidiary, T Steel Holdings Pte. Ltd (TSHP). The investment was made through a subscription to equity shares as part of the company’s ongoing capital infusion into the overseas entity.
According to the regulatory filing dated February 26, 2026, Tata Steel acquired 261.90 crore equity shares of TSHP with a face value of USD 0.1008 per share, amounting to a total investment of USD 264 million (approximately Rs 2,401.50 crore). The exchange rate used for the conversion was Rs 90.9661 per US dollar, based on the Reserve Bank of India reference rate published on February 24, 2026.
The company clarified that following this transaction, T Steel Holdings Pte. Ltd will continue to remain a wholly owned foreign subsidiary of Tata Steel. The investment is part of a series of fund infusions disclosed earlier during 2025 and 2026.
Tata Steel Target Price
As per Trendlyne stock report dated February 27, Tata Steel currently carries a consensus “Buy” rating based on recommendations from 32 analysts. The average target price stands close to Rs 212, broadly in line with the current market price, while estimates range from about Rs 160 on the lower side to Rs 240 on the higher side.
“At CMP, TATA is trading at 7.7x EV/EBITDA and 2.3x FY27E P/B. We maintain our BUY rating with an SoTP-based TP of INR240 per share on Sep’27 estimate,” Motilal Oswal said in a report.
“We roll over to FY28E estimate and assign an EV/EBITDA multiple of 7.5x to FY28E EBITDA to derive target price of Rs223 and maintain HOLD rating on the stock,” IDBI Capital mentioned in a report.
“With safeguard duty led steel price hike, favourable demand tailwind, and strategic capacity expansion, TSL’s Indian operation is well positioned for sustained long term growth. Moreover, EU import-control measures are expected to strengthen profitability at Netherland operation. On that note, we maintain BUY rating on Tata Steel with SOTP-based revised target price of Rs 250 (8.5x/4x EV/EBITDA to India/Europe business on FY28E),” commented the research analysts of ICICI Direct Research.
Tata Steel Share Price Trend
On February 27, 2026, Tata Steel’s share price closed at Rs 212.59 on the NSE, marking a decrease of 1.36% from the previous day’s close of Rs 215.52. The stock opened at Rs 215.50 and traded within a range of Rs 211.66 to Rs 215.90 throughout the session. Trading volume remained robust, with over 2.55 crore shares exchanged on the NSE.
With a 52-week range from a low of Rs 125.30 to a high of Rs 216.45, Tata Steel has shown notable volatility and growth over the last year. The stock is now trading close to its annual peak despite the recent slight daily fall since the 52-week high was noteworthy as it reached just two days earlier, on February 25, 2026. Compared to its 52-week low, the current price is up around 70%.
Tata Steel shares were trading at about Rs 212.33, with a market capitalization of over Rs 2.7 trillion and an average daily trading volume of roughly 27 million shares, according to the most recent Trendlyne stock report dated February 27, 2026. Over the previous five years, the stock has produced returns of almost 196.9%, and in the last year, it has produced gains of nearly 53.1%.
Tata Steel has a sizeable market capitalization of over Rs 2,65,063 crores as of February 27, 2026. With an annual capacity of 35 million tonnes of crude steel, the Tata Steel Group is one of the leading steel companies in the world.