CCI Clears Tata Steel’s Acquisition of Majority Stake in Thriveni Pellets
Steel

CCI Clears Tata Steel’s Acquisition of Majority Stake in Thriveni Pellets

The Competition Commission of India (CCI) has approved Tata Steel’s acquisition of a majority stake in Thriveni Pellets, marking a key step in strengthening Tata Steel’s presence in the iron ore pellet segment.

Under the approved proposed combination, Tata Steel will acquire 50.01 per cent equity share capital of Thriveni Pellets (TPPL) from Thriveni Earthmovers. With this acquisition, Tata Steel will obtain controlling interest in TPPL, subject to completion of the transaction.

Tata Steel is a publicly listed company engaged in integrated steel manufacturing operations, spanning the entire value chain from mining to steelmaking and downstream processing. The company produces and sells a wide range of steel and related products catering to sectors such as agriculture, automotive, construction, energy and infrastructure. In addition to steelmaking, Tata Steel is also involved in iron ore mining and the production of iron ore pellets, sponge iron and crude steel.

Thriveni Pellets Private is engaged in the sale of iron ore pellets in India. Its wholly owned subsidiary, Brahmani River Pellets, is also involved in the production and sale of iron ore pellets, supporting domestic steel producers with raw material inputs. Together, TPPL and its subsidiary operate in a segment that is closely linked to steel manufacturing and supply chain efficiency.

After examining the proposed transaction, the Competition Commission concluded that the acquisition is not likely to have an appreciable adverse effect on competition in the relevant markets in India. Accordingly, the regulator granted its approval under the provisions of the Competition Act, 2002.

The acquisition is expected to enhance Tata Steel’s access to pellet capacity and support its raw material security strategy, while enabling operational synergies and greater integration within its steelmaking operations. The detailed order of the Commission outlining the assessment will be issued separately.

The Competition Commission of India (CCI) has approved Tata Steel’s acquisition of a majority stake in Thriveni Pellets, marking a key step in strengthening Tata Steel’s presence in the iron ore pellet segment.Under the approved proposed combination, Tata Steel will acquire 50.01 per cent equity share capital of Thriveni Pellets (TPPL) from Thriveni Earthmovers. With this acquisition, Tata Steel will obtain controlling interest in TPPL, subject to completion of the transaction.Tata Steel is a publicly listed company engaged in integrated steel manufacturing operations, spanning the entire value chain from mining to steelmaking and downstream processing. The company produces and sells a wide range of steel and related products catering to sectors such as agriculture, automotive, construction, energy and infrastructure. In addition to steelmaking, Tata Steel is also involved in iron ore mining and the production of iron ore pellets, sponge iron and crude steel.Thriveni Pellets Private is engaged in the sale of iron ore pellets in India. Its wholly owned subsidiary, Brahmani River Pellets, is also involved in the production and sale of iron ore pellets, supporting domestic steel producers with raw material inputs. Together, TPPL and its subsidiary operate in a segment that is closely linked to steel manufacturing and supply chain efficiency.After examining the proposed transaction, the Competition Commission concluded that the acquisition is not likely to have an appreciable adverse effect on competition in the relevant markets in India. Accordingly, the regulator granted its approval under the provisions of the Competition Act, 2002.The acquisition is expected to enhance Tata Steel’s access to pellet capacity and support its raw material security strategy, while enabling operational synergies and greater integration within its steelmaking operations. The detailed order of the Commission outlining the assessment will be issued separately.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code