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

23 Jan 2026 CW Team

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.

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