Lloyds Metals acquires 49.99% stake in Thriveni Pellets
pre-market1 source ↓written by the desknot a recommendation
- in Thriveni Pellets
- 49.99% stake
- Private Limited
- ₹495 crore
Lloyds Metals & Energy Limited has acquired a 49.99% stake in Thriveni Pellets Private Limited for ₹495 crore. This strategic move aims to bolster LMEL's pellet production capabilities and enhance its raw material security, aligning with its long-term growth strategy in the iron ore and steel sectors.
This acquisition may strengthen LMEL's market position and support its operational expansion.
Not investment advice. For informational purposes only.