Tata Steel signs pact for majority stake in Thriveni Pellets, strengthening supply.

• Tata Steel will acquire a 50.01% majority stake in Thriveni Pellets Pvt Ltd (TPPL).
• The acquisition aims to strengthen Tata Steel's raw material supply chain.
• TPPL owns Brahmani River Pellet Ltd (BRPL), which operates a 4 MTPA pellet plant and a 212 km slurry pipeline in Odisha.
• Lloyds Metals holds the remaining 49.99% stake in TPPL.
• Tata Steel and Lloyds Metals also signed an MoU to explore a strategic partnership in raw material and steelmaking.

Why It Matters: Tata Steel's acquisition strengthens its raw material supply chain and steel sector growth.