Tata Steel management said in recent announcement that, the Board of Directors of the Company at its Meeting held on December 10, 2025, considered and approved the acquisition of 50.01% equity stake in Thriveni Pellets Private Limited, for a consideration of up to ₹636 crore. The Board meeting commenced at 10:00 a.m. (IST) and concluded at 4:30 p.m. (IST). The Company has made necessary disclosures to the Stock Exchanges on even date.Tata Steel acquired 90,06,801 shares of face value of ₹10/- each comprising 50.01% equity stake in TPPL from TEMPL. Thriveni Pellets Private Limited (‘TPPL’) is a private company, TTPL holds 100% stake in Brahmani River Pellets Limited (‘BRPL’), which operates a 4 MTPA pellet plant at Jajpur, Odisha along with a 212 Kilometer slurry pipeline.
Pre transaction Shareholding in TPPL : 50.01% of TPPL was held by Thriveni Earthmovers Private Limited (“TEMPL”), and balance 49.99% stake was held by LMEL.
Post transaction Shareholding in TPPL : 50.01% of TPPL will be held by Tata Steel Limited (‘Tata Steel’) and balance 49.99% stake will continue to be held by Llyods Metals & Energy Limited (‘LMEL’).
Past Financial Performance of TPPL:
Turnover (₹ crore)
a) FY 24-25: 2,479.34
b) FY 23-24: 2,487.55
c) FY 22-23: 2,614.04
Profit After Tax (₹ crore)
a) FY 24-25: (45.14)
b) FY 23-24: 43.74
c) FY 22-23: 32.53
Net worth (₹ crore)
a) FY 24-25: 1,472.80
b) FY 23-24: 1,268.70
c) FY 22-23: 1,224.96
