20
Apr
14:32
Vedanta seen enjoying synergies with Electrosteel in Jharkhand
Vedanta (VL)’s acquisition of Electrosteel Steels (ESL) will provide synergies in the form of forward integration for the miner’s prospective Jharkhand iron ore mine with ESL’s Jharkhand-based steelworks. This is according to India Ratings and Research (Ind-Ra).
Vedanta has an 800,000 tonnes/year pig iron production capacity, while ESL has a 1.5 million t/y crude steel capacity that will be increased by a further 1m t/y when its expansion proje…
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