Tata Steel to Acquire 50.01% Stake in Thriveni Pellets for ₹636 Crore
Tata Steel will acquire 50.01% of Thriveni Pellets for up to ₹636 crore. The acquisition secures pellet-making facilities and includes a 4 MTPA plant in Odisha. The Board also approved capacity expansions and a strategic partnership in Maharashtra. The deal is subject to regulatory approvals and expected to close in 3-4 months.
The acquisition of a significant stake in Thriveni Pellets and multiple capacity expansion plans represent substantial strategic moves that will directly impact Tata Steel's operational capacity, market presence, and future growth trajectory.
The acquisition of Thriveni Pellets and the strategic growth initiatives approved by the board are positive developments for Tata Steel, indicating expansion and strengthening of its operations.
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). The acquisition is 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-kilometer slurry pipeline. Post-acquisition, Tata Steel will hold 50.01% of TPPL, with the remaining 49.99% stake continuing to be held by Lloyds 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 to 4 months. TPPL's past financial performance shows a turnover of ₹2,479.34 crore in FY25 and a Profit After Tax of ₹(45.14) crore in the same period. The net worth of TPPL as of FY25 was ₹1,472.80 crore.
In parallel, the Board affirmed Tata Steel's long-term growth strategy for its India business. This includes in-principle approval for a 4.8 MTPA capacity expansion at Neelachal Ispat Nigam Limited, approval for funds for a 2.5 million tons Thin Slab Caster and Rolling facilities at Tata Steel Meramandali, and the plan to set up a 0.7 MTPA Hot Rolled Pickling and Galvanizing Line (HRPGL) at Tarapur, Maharashtra. Additionally, Tata Steel signed an MoU with LMEL to partner in iron ore mining, logistics, pellet, and steel making in the Gadchiroli district of Maharashtra, exploring opportunities for operating mining concessions and developing a greenfield 6 million tons steel capacity. The company also approved commencing engineering work for a demonstration plant of around 1 MTPA capacity in Jamshedpur using HIsarna technology, a low-carbon steelmaking process.
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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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