Venturing into the steel sector through these inorganic route entailed quite a struggle for the company, with the acquisition of the debt-ridden ESL materialising only after protracted battles in bankruptcy courts.
Vedanta, industry news, ESL, steel maker, Electrosteel Steel, BPSL, Bhushan Power & Steel, JSW Steel
Shortly after acquiring ESL, Vedanta announced capacity expansion of the Bokaro plant in phases, with an investment of -4 bn.
After its foray into the steel business, Vedanta has set its sights on being among the top three-four steel makers in India, planning to expand its steel capacity to 10 MTPA from the present 1.5 MTPA in the next five to six years. The natural re