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.
The company is owned by Sangita Jindal, the wife of Sajjan Jindal.
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