25
Apr
15:25
Electrosteel acqusition seen boosting Vedanta's profitability
The integration of iron ore and steel operations in Vedanta’s prospective acquisition of Electrosteel Steels will enhance Vedanta’s profitability, according to Moody’s.
“We expect some synergies with Electrosteel given that Vedanta is exploring undeveloped iron ore deposits in Jharkhand with a potential of 150-200 million tonnes,” the credit rating agency says in a report sent to Kallanish. Electrosteel has a 1.5 million t/y crude s…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous