Tata Steel Acquires 50.01% Stake in Thriveni Pellets for ₹636 Crore
Tata Steel will acquire a 50.01% stake in Thriveni Pellets Private Limited for up to ₹636 crore. The acquisition aims to secure pellet-making facilities. The Board also approved capacity expansions and strategic investments, including a 4.8 MTPA expansion at NINL. An investor meet is scheduled for December 11, 2025.
The acquisition of a pellet-making facility and the approval of significant capacity expansions and strategic investments are material events that will likely have a substantial impact on Tata Steel's future operations, market position, and financial performance.
The acquisition of a significant stake in Thriveni Pellets, coupled with strategic growth initiatives and capacity expansions, indicates a positive outlook and proactive business development for Tata Steel.
Tata Steel Limited announced today, December 10, 2025, that its Board of Directors has approved the acquisition of a 50.01% equity stake in Thriveni Pellets Private Limited (TPPL) from Thriveni Earthmovers Private Limited (TEMPL) for a consideration of up to ₹636 crore.
TPPL holds a 100% stake in Brahmani River Pellets Limited (BRPL), which operates a 4 MTPA pellet plant in Jajpur, Odisha, along with a 212 km slurry pipeline. Following the acquisition, Tata Steel will hold 50.01% of TPPL, with the remaining 49.99% continuing to be held by Llyods Metals & Energy Limited (LMEL).
The acquisition aims to secure pellet-making facilities for Tata Steel's iron ore pellet supply in India. The transaction is subject to approval from the Competition Commission of India and is expected to be completed within 3-4 months.
In addition to the acquisition, the Board affirmed Tata Steel's long-term growth strategy for its India business, prioritizing investments in volume growth, value-added downstream portfolio, identified mining assets, and low-carbon, low-capital intensity process technologies. Key approvals include an in-principle approval for a 4.8 MTPA capacity expansion at Neelachal Ispat Nigam Limited and funds for a 2.5 million tons Thin Slab Caster and Rolling facilities at Tata Steel Meramandali.
Furthermore, Tata Steel signed an MoU with Llyods Metals & Energy Ltd to partner in areas of iron ore mining, logistics, pellet, and steel making in the Gadchiroli district of Maharashtra. The company also approved the plan to set up a 0.7 MTPA Hot Rolled Pickling and Galvanizing Line (HRPGL) at its Tarapur, Maharashtra facility.
The Board reviewed progress on trials for the HIsarna technology, a low-carbon steel-making process, and approved commencing engineering work for a demonstration plant of approximately 1 MTPA capacity in Jamshedpur.
An investor meet has been scheduled virtually for December 11, 2025, at 5:30 p.m. IST, to discuss urgent matters arising from the Board meeting outcome.
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Tata Steel Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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