Tata Steel will hold 50.01% of TPPL. (Photo source: Tata Steel Europe website) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Tata Steel Ltd. on Wednesday announced the acquisition of a majority stake in iron ore pellets manufacturer Thriveni Pellets Pvt. Ltd. for Rs 636 crore to secure supply of the product. The company will buy 50.01% of TPPL from Llyods Metals & Energy Ltd.

Thriveni Pellets owns Brahmani River Pellets Ltd., which operates a 4 MTPA pellet plant at Odisha's Jajpur along with a 212 kilometre slurry pipeline. The acquisition aims to secure pellet making facility for supply of iron ore pellets to Tata Steel in India, according to a stock exchange filing.

Iron ore pellets are small, hard, spherical balls made from finely ground iron ore. They are a vital r

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