Tata Steel 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. The acquisition aims to secure a pellet-making facility for the supply of iron ore pellets to Tata Steel in India. This strategic move aligns with Tata Steel’s long-term growth strategy.
Strategic Acquisition Approved
Tata Steel’s Board has approved the acquisition of a 50.01% equity stake in Thriveni Pellets Private Limited (TPPL) for a consideration of up to ₹636 crore. This acquisition was announced on December 10, 2025 and is subject to regulatory approvals.
Rationale for the Acquisition
The primary objective of this acquisition is to secure a dedicated pellet-making facility. This facility will ensure a stable and reliable supply of iron ore pellets for Tata Steel’s operations within India. The acquisition directly supports Tata Steel’s strategy to strengthen its raw material supply chain.
Details of Thriveni Pellets
Thriveni Pellets Private Limited (TPPL) holds 100% stake in Brahmani River Pellets Limited (BRPL). BRPL operates a 4 MTPA (million tonnes per annum) pellet plant located in Jajpur, Odisha, along with a 212 Kilometer slurry pipeline.
Financial Performance of TPPL
Key financial figures for TPPL include:
- Turnover for FY 2024-25: ₹2,479.34 crore
- Turnover for FY 2023-24: ₹2,487.55 crore
- Turnover for FY 2022-23: ₹2,614.04 crore
- Profit After Tax for FY 2024-25: ₹(45.14) crore
- Profit After Tax for FY 2023-24: ₹43.74 crore
- Profit After Tax for FY 2022-23: ₹32.53 crore
- Net worth as of FY 2024-25: ₹1,472.80 crore
- Net worth as of FY 2023-24: ₹1,268.70 crore
- Net worth as of FY 2022-23: ₹1,224.96 crore
Long-Term Strategy and Expansion Plans
Tata Steel is also pursuing other strategic initiatives to drive growth in India. These include:
- A 4.8 MTPA capacity expansion at Neelachal Ispat Nigam Limited (NINL).
- Setting up of a 2.5 million tons Thin Slab Caster and Rolling facilities at Tata Steel Meramandali.
- Setting up a 0.7 MTPA Hot Rolled Pickling and Galvanizing Line (HRPGL) at Tarapur, Maharashtra.
Partnership in Maharashtra
Tata Steel has signed a MoU with Lloyd Metals & Energy Ltd to explore opportunities in the Gadchiroli district of Maharashtra. These include iron ore mining, logistics, and the potential development of a 6 million tons steel capacity plant.
Hisarna Technology
Tata Steel is also focused on low-carbon technologies and plans to set up a demonstration plant for its Hisarna technology in Jamshedpur, with a capacity of around 1 MTPA.
Source: BSE
