Tata Steel Share Price Surges; To Acquire 50.01% Stake in Thriveni Pellets for Up to ₹636 Crore

Tata Steel has approved the purchase of a 50.01% stake in Thriveni Pellets Pvt Ltd (TPPL) from Thriveni Earthmovers Pvt Ltd for up to ₹636 crore.  

The transaction covers 90,06,801 equity shares of face value ₹10 each. Payment will be made in cash and may be adjusted at closing.  

The company expects completion in three to four months, subject to regulatory clearances, including approval from the Competition Commission of India. 

TPPL’s Assets and Current Ownership 

TPPL owns 100% of Brahmani River Pellets Ltd, operator of a 4 million tonne per annum pellet plant at Jajpur in Odisha. The asset also includes a 212-kilometre slurry pipeline linked to the facility.  

Before the announcement, TPPL was held 50.01% by Thriveni Earthmovers and 49.99% by Lloyds Metals & Energy Ltd. After the deal closes, Tata Steel will take the majority stake, with Lloyds Metals retaining 49.99%. 

Purpose of the Acquisition 

According to the filing, TPPL is engaged in producing and trading iron ore pellets. The acquisition gives Tata Steel direct access to pellet capacity for its India operations. The company noted that neither Thriveni Earthmovers nor any promoter group entities of Tata Steel have related-party ties to TPPL. 

Other Decisions Taken by the Board 

Tata Steel’s board also reviewed ongoing and proposed capital projects. These include in-principle approval for a 4.8 MTPA expansion at Neelachal Ispat Nigam Ltd and funding for design and engineering work on a 2.5-million-tonne thin slab caster and rolling unit at Meramandali.  

A plan to install a 0.7 MTPA hot rolled pickling and galvanising line at Tarapur was also cleared. 

MoU With Lloyds Metals 

The company signed an MoU with Lloyds Metals to examine cooperation in mining, slurry pipeline infrastructure, pellet plants and steel projects.  

Both firms will evaluate opportunities in iron-ore-rich regions such as Gadchiroli, subject to due diligence and approvals. 

Read More: Tata Chemicals Share Price in Focus; Announces Issuance of NCDs Worth ₹1,500 Crore! 

Tata Steel Share Price Performance  

As of 11:54 am on December 11, 2025, Tata Steel share price was trading at ₹163.89, up 1.02% from the previous closing price. 

Conclusion  

The board noted progress on HIsarna process trials and approved engineering work for a demonstration plant of about 1 MTPA in Jamshedpur.  

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