A 220-km slurry pipeline connects the pellet plant with the beneficiation plant. It manufacturers iron ore pellets for iron and steel industry. "The acquisition provides an upstream integration opportunity to Tata Steel to meet its metallic requirements and improving the feed mix for its Kalinganagar steel plant and Jamshedpur steel plant," the company said in a statement. The deal, which is subject to regulatory approvals, is expected to close in four months. It also needs approval from RBI and other regulatory bodies to restructure BRPL's balance sheet, including shareholders loan and advances. The company was originally established by the Moorgate Industries Group (MIG), which continues to hold a significant stake in BRPL through its shareholding in AMTC. MIG was formed on demerger from the Stemcor Group of Companies as part of a UK court-approved restructuring in 2015. (With inputs from agencies)