M&AJul 31, 2026

Tata Steel to buy 23% TMILL stake for ₹335 crore

What's the deal?

Tata Steel has agreed to buy a 23% stake in TM International Logistics 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 NYK 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.

In this story

TTata SteelTTm International Logistics

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