Mumbai, Dec. 11 -- TTPL holds 100% stake in Brahmani River Pellets (BRPL), which operates a 4 MTPA pellet plant at Jajpur, Odisha along with a 212 Kilometer slurry pipeline. Its turnover was Rs 2,479.34 crore in FY25.

Tata Steel acquired 90,06,801 shares of face value Rs 10 each comprising 50.01% equity stake in TPPL from TEMPL. The acquisition is aimed at securing a long-term supply of iron ore pellets for the company's operations in India.

Post-transaction, Tata Steel will hold 50.01% in TPPL, while the remaining 49.99% stake will continue to be held by Lloyds Metals & Energy (LMEL). The deal is expected to be completed within a 3 - 4 months, subject to regulatory approvals.

Meanwhile, the company's board accorded in-principle approv...