Newly listed Vedanta Iron And Steel (VISL) said it aims to become a major resource-backed integrated steel platform driven by long-life reserves and operational integration. The company is focused on expanding value-added product capacity across high-silicon iron, ductile iron pipes, wire rods and rebars. It said operations are supported by approximately four billion tonnes (bn t) of iron ore reserves and resources, providing more than 50 years of raw material security.

Pankaj Kumar Sharma was identified as the chief executive officer and whole-time director, and the company said the listing marks the beginning of a new growth phase. It stated that the group is building one of India’s most integrated resource-backed iron ore and steel growth platforms supported by long-life reserves, operational integration and a clearly defined expansion roadmap. The firm made its debut on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).

The company projected national demand trends and highlighted that India’s steelmaking capacity is expected to increase to 300 million tonnes (mn t) by 2030 from the current installed capacity of 200 million tonnes (mn t). It indicated that sustained investments in infrastructure, railways, energy, defence and urbanisation would underpin growth. Domestic steel demand was forecast to grow at over six to eight per cent annually, significantly ahead of global rates, positioning the sector as central to India’s economic development over the coming decade.

VISL’s operations span India and Africa and encompass Sesa Iron Ore, ESL Steel and Western Cluster in Liberia alongside associated industrial businesses. The company said it would deepen integration across the iron ore and steel value chain and pursue targeted expansion in high-margin, value-added segments. Management stated that the strategy is intended to create long-term value for shareholders through resource security and operational scale.