Tata Steel to acquire BRPL for Rs 900 crore
Saturday, December 24, 2016, 5:20 PM
Tata Steel Ltd said it has agreed to acquire iron ore pellet manufacturer Brahmani River Pellets Ltd (BRPL) from Moorgate Industries Group for INR 900 crore. Brahmani River Pellets Ltd owns a 4 million tonne pellet production factory in Jaipur and a 4.7 million tonne iron ore processing facility in Odisha. It manufactures iron ore pellets for iron and steel industry.