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The Indian Chamber of Commerce and Industry has approved Tata Steel Limited's plan to acquire a controlling stake in the pellet manufacturer TPPL

The Indian Chamber of Commerce and Industry has approved Tata Steel Limited's plan to acquire a controlling stake in the pellet manufacturer TPPL
The Antimonopoly Commission of India (CCI) has approved the proposal of the Indian steel company Tata Steel Limited to acquire a 50.01% stake in Thriveni Pellets Private Limited (TPPL), which operates a plant in the eastern Indian state of Odisha, CCI said in a statement on Thursday, January 2026.

Tata Steel Limited announced last month that it plans to acquire a majority stake in TPPL from Thriveni Earthmovers Private Limited with an investment value of $70 million.

TPPL also controls another pellet production plant through its subsidiary, Brahmani River Pellet Private Limited, which will also come under the control of Tata Steel Limited.

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