Mercuria, Tata International to form JV on commodities trade

Mumbai, Feb 6 (PTI) Tata International on Friday announced a joint venture with global energy and commodities company Mercuria on trading and supply chain solutions.

The Tata Group’s trading and distribution arm seeks to expand its global trading businesses across multiple commodities, including energy, metals, agricultural products, oil and gas, and environmental products through the tie-up, according to a statement.

The new company will leverage Tata International’s long-standing footprint, trust, relationships, and operating legacy across global markets, combined with Mercuria’s scale, advanced trading platforms, technology-led risk management tools, and global commodity expertise, it said.

The joint venture aims to deliver reliable, high-quality

trading and supply chain solutions, creating greater value for customers and stakeholders, it said.

It will enable trade of a diversified basket of commodities in international markets, drawing on the complementary product and geographical strengths of both parent companies, the statement said, adding that the JV will also support the development of Mercuria’s trading activities in India.

“By combining Tata International’s reach and credibility with Mercuria’s global capabilities, we believe the joint venture is well-positioned to build a high-quality, scalable, and compliant trading platform,” Noel Tata, Tata International’s chairman, said.

“Our partnership with Tata International creates a robust platform to expand across priority products and geographies, while leveraging Mercuria’s global trading, risk management, and technology capabilities to support the continued development of markets”, Marco Dunand, chief executive officer of Mercuria, said. PTI AA MR MR