Question: Recently Tata Steel has signed an agreement to acquire iron ore pellet manufacturer Brahmani River Pellets Ltd (BRPL), it is located in-
(a) Andhra Pradesh
(b) Rajasthan
(c) Odisha
(d) Karnataka
Ans: (c)
Related facts:
- On 23 December 2016; Tata Steel has signed an agreement to acquire Odisha-based iron ore pellet manufacturer BRPL .
- Brahmani River Pellets Ltd (BRPL) has been acquired in Rs. 900 crore in cash.
- BRPL was incorporated on August 24, 2006 and is engaged in the business of acquisition and beneficiation of iron ore and the manufacture and sale of iron ore pellets.
- Pellets are used as agglomerates in the iron making process.
- BRPL had a turnover of Rs. 452 crore in 2015-16, owns a 4 million tons per annum capacity pellet plant in Jajpur and a 4.7 million tons iron ore beneficiation plant in Bardil, Odisha.
Reference:
http://www.tatasteelindia.com/media/viewfile.asp?filename=PressRelease_press%20release_23.12.2016_1ae96f51f7.pdf&grpsiteid=2
http://economictimes.indiatimes.com/industry/indl-goods/svs/steel/tata-steel-to-acquire-brpl-at-enterprise-value-of-rs-900-crore/articleshow/56147747.cms
http://indianexpress.com/article/business/companies/tata-steel-to-acquire-pellet-maker-brpl-for-rs-900-crore-4442282/
http://www.thehindubusinessline.com/companies/tata-steel-to-acquire-pellet-maker-brpl-for-rs-900-cr/article9441785.ece