NCLT Approves Merger Of Indian Steel & Wire Products With Tata Steel

The National Company Law Tribunal (NCLT) in Mumbai has approved the merger of Indian Steel & Wire Products Ltd (ISWP) with Tata Steel, marking a significant step in Tata Steel's ongoing consolidation efforts within its metals and mining business.

The NCLT's division bench, comprising judicial member KR Saji Kumar and technical member Sanjiv Dutt, found the merger scheme to be fair, reasonable, and in compliance with all legal requirements, as well as in alignment with public interest and policy.

This merger is part of Tata Steel's broader strategy to streamline its corporate structure and enhance operational efficiency. The "One-Tata Steel" approach aims to consolidate multiple subsidiaries into a single, more agile entity, improving shareholder value and enabling quicker decision-making.

The amalgamation will also lead to focused growth, operational synergies, and reduced administrative costs by eliminating duplicative efforts across the group.

ISWP is one of several Tata Steel subsidiaries involved in this consolidation. Others include Tata Metaliks, Tata Steel Long Products, and The Tinplate Company of India. The merger aligns with Tata Steel's "5S" strategy—Simplification, Synergy, Scale, Sustainability, and Speed—focused on creating a more streamlined and efficient corporate structure.

This strategic move comes amid a broader push by Tata Steel to consolidate its various metal and resource-related businesses, ensuring better resource allocation and an enhanced ability to compete in the global market​