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Corporate Moves: Tata Steel, BEML, and Manali Petrochemicals Make Strategic Plays

Corporate Moves: Tata Steel, BEML, and Manali Petrochemicals Make Strategic Plays

Author:

Global Cryptocurrency

Published:

2025-10-17 06:41:01

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BTCCSquare news:

Tata Steel has secured a long-term contract with Air Water India Private Limited (AWIPL) to manage its Air Separation Unit in Jamshedpur, signaling a strategic operational partnership. Meanwhile, BEML has joined forces with Kineco Ltd to advance composite manufacturing for defense and aerospace sectors, a MOVE that underscores India's growing capabilities in high-tech industrial applications.

Manali Petrochemicals has divested its UK subsidiary, Notedome Ltd, to Italy's COIM in a deal valued at least 8.5 times Notedome's adjusted EBITDA of £2.12 million. The transaction highlights the global consolidation trend in specialty chemicals, though financial specifics remain undisclosed.

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