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Informist, Wednesday, Dec. 10, 2025

 

--Tata Steel to buy 50% stake in Thriveni Pellets for up to INR 6.36 bln

 

HYDERABAD - Tata Steel Ltd. board on Wednesday approved a long-term growth strategy for its India business, focussed on prudent capital allocation and profitable growth, the company said in a press release. The plan includes acquisition of new assets, expansion of existing assets, and investment in volume growth, value-added products portfolio, mining assets and other infrastructure to support the India business, Tata Steel added.

 

Tata Steel's board approved the acquisition of 50.01% equity stake in Thriveni Pellets Pvt. Ltd. from Thriveni Earthmovers Pvt. Ltd. for a consideration of INR 6.36 billion, the company said. Thriveni Pellets has 4 million tonnes pellet plant at Jajpur, Odisha, through a joint venture company. The remaining 49.99% share in Thriveni Pellets will be held by Llyods Metals & Energy Ltd., the company said. The acquisition is aimed at securing pellet making facility for supply of iron ore pellets to Tata Steel in India, the company said.

 

The company's board accorded in-principle approval for the 4.8 million tonne per annum capacity expansion at its wholly owned subsidiary, Neelachal Ispat Nigal Ltd. At present, Neelachal Ispat has steel-making capacity of 1 million tonne and the company has plans to expand it to 9.5 million tonnes in phases.

 

As part of its strategy to enhance finished steel in flat products category, the board also approved adding 2.5 million tonnes of new capacity to its Meramandali plant, located at Dhenkanal, Odisha.

 

Tata Steel has been steadily expanding its downstream facilities across product lines to better serve customer needs, the company said. In line with this strategy, and following its recent decision to consolidate its stake in Tata Steel BlueScope Pvt. Ltd.- the joint venture in the colour-coated construction segment - the board approved the setting up of a hot-rolled pickling and galvanising line with a capacity of 0.7 million tonnes per annum at the company's existing cold-rolling complex in Tarapur, Maharashtra.

 

The company's board also approved exploring opportunities in iron ore mining and pellets, and setting up 6 million tonne green field steel plant in partnership with Lloyd Metals & Energy Ltd. Setting up of a 1 million tonne capacity pilot plant to make the steel using new HIsarna technology, which is currently under trials in partnership with a global steel company, has also been approved by the board.

 

The company has scheduled an analyst call on Thursday to detail its growth and investment strategy.

 

For the quarter ended September, Tata Steel had reported a consolidated net profit of INR 31.02 billion on revenue of INR 586.89 billion. On Wednesday, shares of the company closed nearly 1% higher at INR 162.23 on the National Stock Exchange.  End

 

Reported by Narayana Krishna

Edited by Deepshikha Bhardwaj

 

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