Tata Metal has signed a MoU with Lloyds Metals & Vitality Ltd to companion within the areas of iron ore mining, logistics together with slurry pipeline, pellet and steelmaking.
Each corporations will collectively discover alternatives within the Gadchiroli district of Maharashtra – firstly working mining concessions and related infrastructure, with the target to extend iron ore manufacturing and be a outstanding participant on this rising area creating as a brand new iron ore hub of India.
Lloyds’ operates the huge Surjagarh iron ore mine within the Gadchiroli district of Maharastra, one of many the most important in India with 857 Mt of reserves and manufacturing plans to ramp as much as 55 Mt/y. Lloyds Metals obtained the Atmosphere Clearance for the growth in June 2025. The corporate plans to initially mine 26 Mt/y of haematite (Direct Gross sales Ore). The mining is performed by Thriveni Earthmovers which is now 80% owned by LMEL.
Secondly, the MoU will discover joint improvement of a greenfield 6 Mt/y metal capability by Tata Metal in two phases and thirdly, strategic cooperation within the proposed built-in metal tasks already being developed by Lloyds Metals & Vitality Restricted (LMEL) in Gadhchiroli. All proposed initiatives are topic to additional detailed analysis, due diligence, and receipt of requisite inner and regulatory approvals.
Tata Metal has additionally signed definitive agreements to accumulate 50.01% stake in Thriveni Pellets Non-public Restricted (TPPL) from LMEL, topic to regulatory approvals. TPPL owns a 100% stake in Brahmani River Pellet Restricted (BRPL), which operates a 4 Mt/y pellet plant at Jajpur, Odisha together with a 212 km slurry pipeline. LMEL holds the balancing 49.99% stake in TPPL.
