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
(Ukrainian metal)
