The deal with JSW Group comes just a couple of months after rival Tata Steel Ltd terminated an agreement to acquire 100% stake in BRPL for around Rs900 crore. Photo: ReutersMumbai: JSW Techno Projects Management Ltd, the project management arm of Sajjan Jindal-led JSW Group, on Monday said it will be acquiring a 49% stake in Brahmani River Pellets Ltd (BRPL). JSW Techno will acquire the 49% stake in BRPL from Aryan Mining and Trading Corp. Pvt. The acquisition is subject to approval from the Competition Commission of India and other conditions precedent as set out in the definitive agreements,” the statement by JSW Techno added. Tata Steel in December last year had announced the signing of an agreement to acquire BRPL.

Source: Mint December 18, 2017 18:45 UTC