Also,the pellet plant and other infrastructure will enhance the operating efficiency and reducets of blast furnace and operations in Kalinganagar.Koushik Chatterjeee, Group Executive Director (Finance & Corporate) and member of the Tata Steel board said: "The location of the BRPL assets makes this very strategic to Tata Steel especially to our Kalinganagar operations and has significant operating synergies to make our Kalinganagar plant even more competitive for the future. Brahmani River Pellets Ltd (BRPL), which had a turnover of Rs 452 crore in 2015-16, owns a 4 million tons per annum capacity pellet plant in Jajpur and a 4. "The acquisition provides an upstream integration opportunity to Tata Steel to meet its metallic requirements and improving the feed mix for its Kalinganagar steel plant and Jamshedpur steel plant," the company said in a statement.

It manufacturers iron ore pellets for iron and steel industry. BRPL was incorporated on August 24, 2006 and is engaged in the business of acquisition and beneficiation of iron ore and the manufacture and sale of iron ore pellets.7 million tons iron ore beneficiation plat in Bardil, Odisha."To build a similar facility would have taken significant time and ts and therefore, this acquisition is very timely as we are looking to ramp up the capacity of the Phase-1 Kalinganagar.This is also a demonstration of our commitment to the state and people of Odisha," he said."The iron ore from Tata Steels Wholesale Brass Radiator Valve captive mine in the Joda and Khondbond region will be transferred in future through slurry pipeline to reduce freightts significantly.

The company was originally established by the Moorgate Industries Group (MIG), which continues to hold a significant stake in BRPL through its shareholding in AMTC.A 220-km slurry pipeline connects the pellet plant with the beneficiation plant."The acquisition of the company is being made at an enterprise value of Rs 900 crore plus closing adjustment," it said. Tata Steel currently has an aggregate capacity to produce 28 million tons of crude steel and had a turnover of USd 17.MIG was formed on demerger from the Stemcor Group of Companies as part of a UK court-approved restructuring in 2015. It also needs approval from RBI and other regulatory bodies to restructure BRPL's balance sheet, including shareholders loan and advances.

Tata Steel today said it has signed an agreement to acquire Odisha-based iron ore pellet manufacturer BRPL for Rs 900 crore in cash."Tata Steel Ltd announces that it has executed definitive agreements to acquire 100 per cent equity shares of BRPL from Arya Mining and Trading Corp Pvt Ltd (AMTC) and other companies in the MIG," the statement said. The acquisition will be funded from internal cash flows of Tata Steel.Pellets are used as agglomerates in the iron making process.The deal, which is subject to regulatory approvals, is expected to close in four months.69 billion in FY16.