The Exchange has sought clarification from Tata Steel Limited with respect to recent news item captioned Tata Steel acquires majority stake in Thriveni Pellets to boost raw material supply chain. The response from the Company is attached.
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Tata Steel has responded to an NSE query regarding media reports about the company acquiring a majority stake in Thriveni Pellets, confirming the development. The acquisition is aimed at strengthening Tata Steel's raw material supply chain, particularly for iron ore pellets used in steelmaking. Thriveni Pellets is a pellet manufacturer, and this move represents backward integration to secure critical inputs. The clarification was filed after the exchange sought confirmation on the news item that had appeared in the media.
This acquisition is positive for long-term shareholders as it reduces supply chain dependence and could improve cost efficiency in steel production. The stock may see a positive reaction as the deal confirms Tata Steel's focus on raw material security amid rising input costs.