Business EconomyPosted at: Dec 11 2025 12:38AM


Lloyds Metals & Tata Steel enter into a non-binding MoU for examining potential areas of co-operation in raw material mining, logistics, and steel making

Mumbai, Dec 10 (UNI) Lloyds Metals and Energy Ltd and Tata Steel Ltd have entered into a non-binding MoU to explore a strategic partnership in the areas of raw material mining, logistics, pellet and steel making.
The memorandum of understanding was signed in the presence of Lloyds Metal MD B Prabhakaran and Tata Steel Ltd's CEO & MD T V Narendran.
The proposed partnership aims at utilising the natural synergy in the business operations between Lloyds Metals and Tata Steel. The MoU sets out a framework for both companies to evaluate potential cooperation in greenfield steel-making projects, iron ore mining, slurry pipeline infrastructure, pellet making in iron ore-rich states in India, direct reduced iron production and exports of value-added low carbon iron and steel products among other associated areas of mutual interest.
The objective of MoU is to utilise the complementary strengths of Tata Steel and Lloyds Metals to promote sustainable and efficient growth in the domestic steel sector.
Under the MoU, both the companies intend to explore the opportunities in Gadchiroli district of Maharashtra, like cooperation to operate mining concessions and associated infrastructure, with the objective to increase iron ore production and be a prominent player in this growing region developing as the next steel hub in the country.
Tata Steel has also become a co-owner in Brahmani River Pellet Limited (BRPL), by acquiring a 50.01 per cent stake in the company. This plant operates a 4 MTPA pellet plant in Jajpur, Odisha, along with a 212 km slurry pipeline, both connecting a Beneficiation plant situated at Barbil. UNI PC SSP
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Tags: #Lloyds Metals & Tata Steel enter into a non-binding MoU for examining potential areas of co-operation in raw material mining# logistics# and steel making
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