Industry & Environment » Mining and Environment

Print | Email | Share +

Vedanta’s steel plan

71193Vedanta-Aluminum.jpg

Mining giant Vedanta is all set to diversify into steel business. Sesa Goa Ltd in which Vedanta has the controlling share, has begun negotiations with Japanese and European companies to set up a steel plant in India.

Sesa Goa, an iron ore producer, recently acquired VS Dempo and Co Ltd (another iron ore mining company in Goa) and has the capacity to produce 50 million tonnes iron ore. Anil Agarwal, chairman, Vedanta Resources, said the ore could easily feed a 10-million-tonne steel plant.

Tags:
Print | Email | Share +

Announcements

  • Report on Profit Sharing to be released in Ranchi

    Centre for Science and Environment’s (CSE) will release their report on profit sharing in Ranchi on August 5, 2011 at 2:30 pm. The report is a detailed analysis of the profit sharing mechanism, international practices being followed in different countries, the need for profit sharing, etc.

    The report will be released on August 5, 2011 at the Nalanda Hall, Hotel Ranchi Ashok, Doranda, Ranchi, Jharkhand. There will be a presentation on the report, which will be followed by a panel discussion.

    See also

 
Follow us on
 
 
 

 

 
 
 
 
gobar times