Tata Steel has acquired a 50.01% stake in Thriveni Pellets Private Limited (TPPL) for up to ₹636 crore. TPPL operates a 4 MTPA pellet plant in Jajpur, Odisha. The company also announced expansion plans, including a 4.8 MTPA capacity increase at Neelachal Ispat Nigam Limited (NINL) and investments in downstream facilities and mining assets. Tata Steel aims for sustainable growth and low-carbon technologies.
Thriveni Pellets Acquisition
Tata Steel has finalized an agreement to acquire 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, subject to closing adjustments. TPPL owns 100% stake in Brahmani River Pellets Limited (BRPL), which operates a 4 MTPA pellet plant at Jajpur, Odisha, along with a 212 Kilometer slurry pipeline. This acquisition secures a crucial pellet-making facility for Tata Steel’s operations in India.
Capacity Expansion at Neelachal Ispat Nigam Limited (NINL)
The board has approved, in principle, a 4.8 MTPA capacity expansion at Neelachal Ispat Nigam Limited (NINL). This Phase 1 expansion will allow Tata Steel to expand its long products portfolio and capitalize on growth in the construction sector in India through new products and solutions.
Investment in Flats Products
Tata Steel has approved funds for design and engineering work related to setting up a 2.5 million tons Thin Slab Caster and Rolling facilities at Tata Steel Meramandali. Regulatory approvals are in progress. This expansion will increase the capacity for thinner gauge products by 2.5 MTPA.
Downstream Expansion
A 0.7 MTPA Hot Rolled Pickling and Galvanizing Line (HRPGL) will be established at the existing Cold Rolling Complex in Tarapur, Maharashtra. This facility aims to meet the needs of automotive customers and promote import substitution.
Partnership with Lloyd Metals & Energy Ltd
Tata Steel has signed a Memorandum of Understanding (MoU) with Lloyd Metals & Energy Ltd to explore opportunities in the Gadchiroli district of Maharashtra, including iron ore mining, logistics (including slurry pipeline), pellet, and steel making. This includes operating mining concessions to increase iron ore production, developing a greenfield 6 million tons steel capacity in two phases, and strategic cooperation in integrated steel projects developed by Lloyds Metals & Energy Limited (LMEL).
Focus on Low-Carbon Technology
Tata Steel is planning to set up a demonstration plant with around 1 MTPA capacity in Jamshedpur. The company owns the global intellectual property rights of the HIsarna process technology.
Source: BSE
