Tata Steel to buy 23% TMILL stake for ₹335 crore
What's the deal? Tata SteelDealroom has a profile for this one. Try Dealroom → has agreed to buy a 23% stake in TM International LogisticsDealroom has a profile for this one. Try Dealroom → Ltd (TMILL) from Germany's Martrade for ₹335 crore, ending a 25-year partnership. Once the deal closes, Tata Steel will own 74% of TMILL, with Japan's NYKDealroom has a profile for this one. Try Dealroom → holding the rest.
Why it matters: TMILL handles shipping of raw materials and steel products — a core function for Tata Steel's operations.
What's the endgame? The move fits Tata Steel's global growth plans and aims to improve how efficiently it moves goods worldwide.
By the numbers: Tata Steel posted net profit up 19% to ₹2,385 crore in the latest quarter, with revenue of ₹60,412 crore. It is also investing ₹33,873 crore to expand its Odisha plant by 4.8 million tons, strengthening its long product lineup.
The signal: By raising its stake to a controlling 74%, Tata Steel is bringing more of its logistics chain in house — a bet on tighter control over the movement of steel and raw materials as it scales globally.
Read more: NewsBytes
Image credit: Andrew Kudrin
