CCI approves Tata Steel's plan to buy 50% stake in Thriveni Pellets
This story was originally published at 19:03 IST on 20 January 2026
Register to read our real-time news.Informist, Tuesday, Jan. 20, 2026
--CCI approves Tata Steel's plan of buying 50% stake in Thriveni Pellets
MUMBAI – The Competition Commission of India has approved Tata Steel Ltd.'s plan to acquire a 50.01% stake in Thriveni Pellets Pvt. Ltd. Tata Steel's board in December had given its nod for the acquisition for INR 6.36 billion.
Thriveni Pellets has a 4 million-tonne 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., Tata Steel had said. The acquisition is aimed at securing a pellet-making facility to supply iron ore pellets to Tata Steel in India.
For the September quarter, Tata Steel had reported a consolidated net profit of INR 31.02 billion on a revenue of INR 586.89 billion. Tuesday, its shares closed 2.5% lower at INR 183.56 on the National Stock Exchange. End
Reported by Anshul Choudhary
Edited by Saji George Titus
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
