India’s competition regulator has approved two major transactions in the steel sector, involving Tata Steel and JSW Steel, according to separate announcements.
The Competition Commission of India (CCI) has cleared Tata Steel’s acquisition of 50.01pct equity in Thriveni Pellets Private Limited (TPPL) from Thriveni Earthmovers. The transaction follows Tata Steel’s board approval in December 2025.
TPPL owns Brahmani River Pellets Ltd, which operates a 4 mln-ton-per-year pellet plant in Jajpur, Odisha, along with a 212-km slurry pipeline. The remaining 49.99pct stake in TPPL will be held by Lloyds Metals & Energy Limited (LMEL).
Separately, the CCI has also approved the proposed combination involving Bhushan Power and Steel Limited (BPSL), JSW Sambalpur Steel, JSW Kalinga Steel and JFE Steel.
In December last year, JSW Steel and JFE Steel agreed to form a 50:50 joint venture to acquire and operate BPSL’s integrated steel facility in Odisha.
BPSL runs an integrated steel plant and an iron ore mine in eastern India, with crude steel capacity of 4.5 mln tons per year, producing flat and long steel products for mainly eastern and northern Indian markets.
