Tata Steel ends 25-year joint-venture with German company Martrade

Tata Steel is acquiring Martrade's 23% stake in TM International Logistics for Rs 335 crore, ending a 25-year joint venture.

The buyout will increase Tata Steel's holding in the shipping venture from 51% to 74%, while Japan's NYK retains its 26% stake.

Tata Steel committed Rs 33,873 crore to expand capacity at Neelachal Ispat Nigam by 4.8 million tonnes, boosting long products and branded retail offerings.

Tata Steel reported a 19% net profit rise to Rs 2,385 crore and 15% revenue increase to Rs 60,412 crore in Q1 FY27.