Tata Steel acquires 50.01% stake in Thriveni Pellets for ₹636 crore

Tata Steel announced it will acquire a 50.01% majority stake in Thriveni Pellets Private Limited from Thriveni Earthmovers Private Limited for up to ₹636 crore, gaining control of a 4 MTPA pellet plant in Jajpur, Odisha and a 212 km slurry pipeline.

“The acquisition is a pivotal step in securing a consistent, long-term supply of high-quality iron ore pellets, a fundamental input for its rapidly expanding steel operations in India.”kalingatv.com

• 1 source
• kalingatv.comTata Steel Acquires 50.01% of Thriveni Pellets from B. Prabhakaran-Led TEMPL, Bolstering Domestic Raw Material ControlVinay KakkadDec 12, 2025

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