The Competition Commission of India (CCI) has approved the acquisition of a 49.99 per cent equity stake in Thriveni Pellets Private Limited (TPPL) by Lloyds Metals and Energy Limited (LMEL).

The proposed combination involves Lloyds Metals acquiring nearly half of TPPL’s share capital, strengthening its presence in the domestic iron ore and pellet industry.

Lloyds Metals and Energy Limited was originally incorporated as an iron ore mining company. Its business operations now span four major segments: iron ore mining, direct reduced iron (DRI) production, captive power generation, and pellet trading. The company supplies iron ore fines and pellets mined or produced across global markets.

Thriveni Pellets Private Limited, the target company, is engaged in the sale of iron ore pellets within India. Its wholly owned subsidiary, Brahmani River Pellets Limited, is involved in the production and sale of iron ore pellets across the country.