Tata Steel to acquire 50.01% stake in Thriveni Pellets for up to Rs 636 crore

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Price reactionminutes from the announcement price · days from the prior close

+2.7%Reaction day

₹162.00

prior close

₹163.50

announcement price

After-mkt

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.5%+2.2% vs market

Iron & Steel peers, median of 9sector+0.8%+2.0% vs sector

On the reaction day the stock moved 2.2 pts more than Nifty 100 and 2.0 pts more than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+2.7+0.5+2.2+0.8+2.0

Next day

+6.2+1.2+5.0+2.9+3.2

+6.6+1.1+5.5+2.3+4.3

+4.8+0.5+4.3+1.0+3.8

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+28.1+1.3+26.9+7.7+20.4

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UpDownMarket · Nifty 100Sector · Iron & Steel peers, median of 9Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Tata Steel board approved acquiring 50.01% stake in Thriveni Pellets Private Limited (TPPL) from Thriveni Earthmovers for up to Rs 636 crore in cash. TPPL fully owns Brahmani River Pellets, which runs a 4 MTPA pellet plant in Jajpur, Odisha with a 212 km slurry pipeline. LMEL holds the remaining 49.99%. TPPL had revenue of Rs 2,479 crore but posted a Rs 45 crore loss in FY25. Deal secures pellet supply for Tata Steel India, needs CCI approval and is expected to close in 3-4 months.

Likely market impact

Strengthens raw material security for India steelmaking; fits India growth strategy. Positive long-term, pending CCI approval.