- Acquisition marks strategic step in further downstream integration
- Lloyds gains operational, geographical advantages with access to BRPL
India’s Lloyds Metals and Energy Ltd (LMEL) is set to acquire a 49.99% equity stake in Thriveni Pellets Pvt Ltd (TPPL) in a significant move towards expanding its presence in the country’s iron and steel value chain. The Competition Commission of India (CCI) on Tuesday approved the proposed transaction, marking a key strategic step for LMEL in integrating further downstream in the iron ore and pellet segment.
According to CCI’s statement, the proposed combination involves LMEL acquiring nearly half of TPPL’s equity share capital. LMEL, a major player in the iron ore mining and steel-making ecosystem, is engaged in mining, direct reduced iron (DRI) production, captive power generation, and pellet trading. The acquisition aligns with the company’s ongoing efforts to strengthen its control over raw material sourcing and ensure supply stability for its expanding steel operations.
Thriveni Pellets Pvt Ltd (TPPL) operates in the sale of iron ore pellets in India and holds a wholly-owned subsidiary — Brahmani River Pellets Ltd (BRPL) — which is actively engaged in pellet production and sales. BRPL’s plant, located in Odisha, is among the country’s prominent pellet production facilities, giving LMEL a strategic geographical and operational advantage in accessing both domestic and export markets.
This partnership is expected to unlock synergies in logistics, production efficiency, and raw material optimisation. With India’s growing steel demand and increasing emphasis on value-added iron ore products such as pellets, LMEL’s investment in TPPL is likely to strengthen its competitiveness and market presence. The acquisition also signals an ongoing consolidation trend in the Indian pellet industry, as integrated steel producers seek greater control over upstream assets to mitigate volatility in raw material prices and enhance operational resilience.
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