LONDON, Feb 6 (Reuters) - Global commodities trading house Mercuria will form a joint venture with Tata International to expand its presence in India and assist the conglomerate with trading a diversified basket of commodities, the pair said in a statement on Friday.

"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, chairman of Tata International, said.

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Tata International trades commodities across 50 countries, supporting multinational conglomerate parent Tata Group (TATA.NS) , opens new tab with trading and distribution. Tata Group is a major player in steel, infrastructure, motor vehicles and aerospace, among other industries, all of which require vast amounts of natural resources, such as metals and gas, that a commodity trader like Mercuria could help supply.

“India represents a compelling long-term opportunity within global trade," Mercuria chief executive Marco Dunand said.

Switzerland-based Mercuria was founded in 2004 with an initial focus on oil trading, but has in recent years expanded with a global metals trading book. The joint venture will become operational following receipt of necessary regulatory approvals.

https://www.reuters.com/business/energy/mercuria-indias-tata-form-commodities-trading-venture-2026-02-06/