Business

JSW Gr firm to buy 49% stake in BRPL

| | NEW DELHI

JSW Techno Projects Management on Monday said it has executed definitive agreements to acquire 49 per cent shares of Brahmani River Pellets (BRPL) from Aryan Mining and Trading Corp Pvt Ltd (AMTC). The acquisition is subject to approval of the Competition Commission of India (CCI) and other conditions precedent as set out in the definitive agreements, it said. The size of the deal was however not disclosed by the company. BRPL is engaged in the business of manufacture and sale of iron ore pellets. It owns a 4 MTPA pellet plant in Jajpur and a 4.7 MTPA iron ore beneficiation plant in Barbil, both in Odisha. Besides, it has a 230 km slurry pipeline connecting the pellet plant with the beneficiation plant.