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Tata Steel to invest Rs 5,000 cr in logistics to boost competitiveness

The steel majors immediate plant is to build slurry pipelines, buy rail rakes through its joint venture arm Tata Martrade International Logistics

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Aditi Divekar Mumbai
From owning rail rakes and laying slurry pipelines to building greenfield ports, Tata Steel — the country’s oldest steel producer — is leaving no stone unturned to lower its logistics cost and make more competitively priced products.

With a total investment of close to Rs 5,000 crore, the company has drawn up a plan to lower its logistics cost in a phased manner. “The immediate plan is to own eight to nine rail rakes. This will be done in the next one year through Tata Martrade International Logistics (TMILL), our subsidiary,” T V Narendran, chief executive officer and managing
Topics : Tata Steel