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Tata Steel's Transformative Tryst: Thriveni Takeover & Trajectory
Tata Steel's Board sanctioned acquiring 50.01% of Thriveni Pellets Private Limited for ₹636 crore, securing 4 million metric ton pellet capacity via Brahmani River Pellets Limited's Jajpur facility & 212-kilometer slurry pipeline. The transaction, pending Competition Commission approval, integrates raw material supply chains amid 15-20% pellet price volatility. Simultaneously, the Board approved 8 million metric tons capacity expansions across Neelachal Ispat Nigam, Meramandali, & Tarapur, alongside HIsarna low-carbon technology demonstration in Jamshedpur, advancing decarbonization objectives.
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