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Tata Steel is set to acquire a 50.01% majority stake in Odisha-based Thriveni Pellets, in a strategic move to strengthen its raw material supply chain for iron and steel production. The deal, for which financial details have not been disclosed, will give Tata Steel controlling interest in a key pellet producer located in one of India’s richest iron ore belts.
Thriveni Pellets operates a sizeable iron ore pellet plant in Odisha, supplying an essential input for blast furnace and direct reduction iron (DRI) operations. By securing majority ownership, Tata Steel aims to improve the security, consistency and cost-efficiency of its pellet supplies, reducing dependence on third-party vendors and mitigating volatility in raw material markets.
The acquisition aligns with Tata Steel’s broader strategy of integrating upstream assets, optimising its value chain and supporting future capacity expansions. Enhanced control over iron ore pellets is expected to improve operational flexibility across its Indian steelmaking sites and support long-term competitiveness. While regulatory and closing conditions remain, the transaction underscores the ongoing trend of Indian steelmakers consolidating raw material sources to safeguard margins in a cyclical and capital-intensive sector.
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