Tata Steel Announces Strategic Collaboration with Leading Mining and Metals Company
All proposed initiatives will require thorough due diligence, regulatory clearances, and internal approvals before advancing.
SEATTLE (Scrap Monster): Tata Steel Limited and Lloyds Metals and Energy Limited have signed a non-binding Memorandum of Understanding to jointly explore cooperation across India’s mining and steel manufacturing ecosystem.
The review will span greenfield steelmaking opportunities, development of iron ore mines, expansion of pellet production capacity, establishment of slurry pipeline networks, and potential production of direct reduced iron. Both companies are also considering options to export low-carbon, value-added iron and steel products, reflecting the sector’s shift toward sustainable production.
ALSO READ:
Tata Steel Signed Preliminary Agreement on Cleaner Steelmaking
Tata Steel Announced Job Cuts Amid Green Steel Transition Plan
A key focus will be Maharashtra’s Gadchiroli district, where the parties intend to assess opportunities to develop mining leases, logistics corridors, and related infrastructure to expand regional iron ore output. Tata Steel will additionally evaluate potential participation in Lloyds Metals’ ongoing integrated steel projects in the district. All proposed initiatives will require thorough due diligence, regulatory clearances, and internal approvals before advancing.
The development coincides with Tata Steel’s acquisition of a 50.01 percent stake in Brahmani River Pellets Limited, which operates a four-million-tonne-per-year pellet plant in Odisha supported by a 212-kilometre slurry pipeline.