The step was taken to reorganise the company’s India footprint into four clusters to drive scale, synergies and simplification and to create value for all stakeholders, the steelmaker said.
The transfer will help consolidate its downstream steel processing services, it said.
As on March 31, 2020, the net worth of JCAPCPL was Rs 428.60 crore, while the same for TBSPL was Rs 469.97 crore.
TSDPL was created to bring steel service centre solutions for the first time to industrial customers.
It was originally set up in 1997 as Tata Ryerson Ltd, a joint venture between Tata Steel of India and Ryerson Inc. of the US.
Tata Steel acquired the entire equity of Ryerson Inc in 2009.
TSDPL processed 2.6 million tonne of steel in 2019.