Tata Steel has reinforced its logistics capabilities, completing the acquisition of an additional 23% equity stake in TM International Logistics Limited (TMILL) for ₹335 Cr.

This strategic move increases Tata Steel's ownership in TMILL to 74%, making it a direct subsidiary.

The increased stake grants Tata Steel greater operational control over its logistics arm, promising enhanced efficiency and supply chain integration for its core business.

This is a key step towards optimizing internal operations and value chain.