Tata Steel has acquired a 50.01% equity stake in Thriveni Pellets Private Limited (TPPL) for up to ₹636 crore. This acquisition, approved by the Board on December 10, 2025, aims to strengthen Tata Steel’s raw material supply chain. TPPL owns 100% stake in Brahmani River Pellets Limited (BRPL), which operates a 4 MTPA pellet plant in Jajpur, Odisha, enhancing Tata Steel’s operational capabilities.
Strategic Acquisition of Thriveni Pellets
Tata Steel’s Board of Directors approved the acquisition of a 50.01% equity stake in Thriveni Pellets Private Limited (TPPL) on December 10, 2025. The consideration for this acquisition is up to ₹636 crore. This move is designed to provide a more robust raw material supply chain for Tata Steel’s operations.
Assets and Capabilities of TPPL
Thriveni Pellets Private Limited holds 100% ownership of 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. This infrastructure is critical for ensuring a steady supply of iron ore pellets, which are essential for steel production.
Financial Performance of TPPL
TPPL has demonstrated significant turnover in recent financial years:
- FY 2024-25: ₹2,479.34 crore
- FY 2023-24: ₹2,487.55 crore
- FY 2022-23: ₹2,614.04 crore
However, the profit after tax for FY 2024-25 was reported as (₹45.14 crore). Earlier years showed positive results:
- FY 2023-24: ₹43.74 crore
- FY 2022-23: ₹32.53 crore
The net worth of TPPL as of FY 2024-25 stood at ₹1,472.80 crore.
Tata Steel’s Long-Term Growth Strategy
In addition to the TPPL acquisition, Tata Steel’s Board has affirmed its long-term growth strategy for its India business, prioritizing investments in volume growth, value-added downstream portfolio, mining assets, infrastructure, and low-carbon technologies.
Capacity Expansion and Key Approvals
Tata Steel has accorded in-principle approval for a 4.8 MTPA capacity expansion at Neelachal Ispat Nigam Limited (NINL) and will also undertake design and engineering work for a 2.5 million tons Thin Slab Caster and Rolling facilities at Tata Steel Meramandali.
Partnership with Lloyd Metals & Energy
Tata Steel has signed a MoU with Lloyd Metals & Energy Ltd to explore opportunities in iron ore mining and steel making in the Gadchiroli district of Maharashtra, including the development of a greenfield 6 million tons steel capacity in two phases.
Source: BSE
