Tata Steel Acquires 50.01% Stake in Thriveni Pellets for ₹636 Crore
Tata Steel will acquire a 50.01% stake in Thriveni Pellets for up to ₹636 crore. The Board also approved capacity expansions at NINL and Meramandali, a new galvanizing line, and an MoU with Lloyd Metals. An investor meet is scheduled for December 11, 2025.
The acquisition of a pellet plant and related infrastructure, along with major capacity expansion plans and strategic collaborations, will have a significant impact on Tata Steel's raw material security, production capacity, and market position.
The acquisition of a majority stake in Thriveni Pellets and the approval of significant capacity expansions and strategic partnerships indicate positive growth and strategic advancements for Tata Steel.
Tata Steel Limited announced the acquisition of a 50.01% equity stake in Thriveni Pellets Private Limited (TPPL) for a consideration of up to ₹636 crore. This strategic acquisition, approved by the Board of Directors on December 10, 2025, aims to strengthen the company's raw material supply chain.
TPPL owns a 4 MTPA pellet plant in Jajpur, Odisha, along with a 212-kilometer slurry pipeline. The acquisition is subject to necessary regulatory approvals, including from the Competition Commission of India, and is expected to be completed within 3-4 months.
In parallel, Tata Steel's Board also affirmed its long-term growth strategy for its India business. Key approvals include a 4.8 MTPA capacity expansion at Neelachal Ispat Nigam Limited (NINL), funds for design and engineering of a 2.5 million tons Thin Slab Caster and Rolling facilities at Tata Steel Meramandali, and a 0.7 MTPA Hot Rolled Pickling and Galvanizing Line (HRPGL) at Tarapur. Additionally, a Memorandum of Understanding (MoU) was signed with Lloyd Metals & Energy Ltd to explore opportunities in iron ore mining, logistics, pellet, and steel making in Maharashtra.
The company also reviewed the progress of HIsarna technology trials and approved commencing engineering work for a demonstration plant of around 1 MTPA capacity in Jamshedpur, reinforcing its commitment to sustainable steelmaking.
Furthermore, Tata Steel has scheduled an investor meet on December 11, 2025, at 5:30 p.m. IST, to discuss urgent matters arising from the Board Meeting outcome. The meet will be conducted virtually.
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