Tata Steel Limited — JV/Acquisition, 10-12-2025: Acquisition

Tata Steel has announced the acquisition of a 50.01% equity stake in Thriveni Pellets Private Limited (TPPL) for up to ₹636 crore. This strategic move strengthens backward integration, securing a crucial pellet making facility to enhance raw material supply for Tata Steel's operations in India. TPPL wholly owns Brahmani River Pellets Limited, which operates a 4 MTPA pellet plant and a 212 km slurry pipeline in Odisha, significantly boosting Tata Steel's operational self-reliance.