Tata Steel to acquire 50.01% of Thriveni Pellets for ₹636 crore

• Tata Steel to acquire 50.01% equity stake in Thriveni Pellets Private Ltd (TPPL) for up to ₹636 crore.
• TPPL owns Brahmani River Pellets Ltd (BRPL), which operates a 4MTPA pellet plant and a 212km slurry pipeline in Odisha, securing a pellet-making facility for Tata Steel.
• The board approved a 4.8MTPA capacity expansion at Neelachal Ispat Nigam Ltd (NINL) and other facility upgrades, including a 2.5MT thin slab caster and a 0.7MTPA HRPGL.
• Tata Steel signed an MoU with Lloyd Metals & Energy Ltd for partnerships in iron ore mining, logistics, and steel making.
• The board approved engineering work for a 1 MTPA HIsarna technology demonstration plant in Jamshedpur.

Why It Matters: This acquisition strengthens Tata Steel's raw material supply for future growth.