Tata Steel takes control of TM International Logistics, plans ₹33,873 crore Neelachal expansion
Tata Steel will acquire Martrade’s 23% stake in TM International Logistics for ₹335 crore, lifting its holding to 74%. Separately, it has approved ₹33,873 crore to add 4.8 million tonnes of capacity at Neelachal Ispat, strengthening supply for long-steel and branded building-material demand.
Tata Steel will buy Martrade’s 23% stake in TM International Logistics for Rs 335 crore and invest Rs 33,873 crore to expand Neelachal Ispat capacity by 4.8 million tonnes, supporting long-products demand including branded retail offerings.
Why this matters
This extends the capacity strategy flagged in Tata Steel’s Q1 update, which reported profit up 12% and a 4.8 MT NINL addition; another recent signal said Q1 PAT reached ₹2,318 crore but missed Street estimates.
Retail-company signals are accelerating, up +255120% QoQ.