Vedanta establishes Sesa Iron and Steel Subsidiary in Goa
Steel

Vedanta establishes Sesa Iron and Steel Subsidiary in Goa

 Vedanta officially established a new subsidiary named Sesa Iron and Steel, situated in the state of Goa, as indicated by regulatory documents.

In a filing with the stock exchanges, the company stated, "Sesa Iron and Steel Limited has been formed to facilitate growth initiatives and to oversee the expansion of its operations."

It's noteworthy that Vedanta Group's Sesa Goa Iron Ore is also headquartered in the Western state and specialises in the exploration, mining, and processing of iron ore—a vital raw material in the production of iron and steel. Nevertheless, mining activities in the state have been suspended since a 2018 Supreme Court ruling.

This development comes one day after Vedanta Resources, the parent company of Vedanta listed in India, announced the return of ownership and operational control of its Konkola Copper Mines (KCM) in Zambia by the Zambian government.

A dispute had arisen between Vedanta Resources and the Zambian government, which was resolved after the mining conglomerate committed to investing more than $1 billion in the mines.

Vedanta Group chairman Anil Agarwal expressed his commitment, saying, "We have maintained our commitment to KCM since 2004 and believe it to be a valuable asset in our portfolio."

He added, "Copper is a critical mineral for the technologies of the future. Vedanta will become a fully integrated copper producer, meeting the rapidly growing demand in India and positioning Zambia as the world's leading copper producer."

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

 Vedanta officially established a new subsidiary named Sesa Iron and Steel, situated in the state of Goa, as indicated by regulatory documents.In a filing with the stock exchanges, the company stated, Sesa Iron and Steel Limited has been formed to facilitate growth initiatives and to oversee the expansion of its operations.It's noteworthy that Vedanta Group's Sesa Goa Iron Ore is also headquartered in the Western state and specialises in the exploration, mining, and processing of iron ore—a vital raw material in the production of iron and steel. Nevertheless, mining activities in the state have been suspended since a 2018 Supreme Court ruling.This development comes one day after Vedanta Resources, the parent company of Vedanta listed in India, announced the return of ownership and operational control of its Konkola Copper Mines (KCM) in Zambia by the Zambian government.A dispute had arisen between Vedanta Resources and the Zambian government, which was resolved after the mining conglomerate committed to investing more than $1 billion in the mines.Vedanta Group chairman Anil Agarwal expressed his commitment, saying, We have maintained our commitment to KCM since 2004 and believe it to be a valuable asset in our portfolio.He added, Copper is a critical mineral for the technologies of the future. Vedanta will become a fully integrated copper producer, meeting the rapidly growing demand in India and positioning Zambia as the world's leading copper producer.

Next Story
Resources

IGBC Launches 32nd Chapter in Ranchi to Drive Green Building Growth

The CII Indian Green Building Council (IGBC) has launched its 32nd Chapter in Ranchi to accelerate Jharkhand’s transition towards sustainable and resilient urban infrastructure. The launch event, held on September 6 at Radisson Blu Hotel, brought together government officials, industry leaders, and sustainability experts. Sunil Kumar, IAS, Principal Secretary, Urban Development & Housing Department, Government of Jharkhand, said, “The launch of the IGBC Ranchi Chapter marks a significant step in Jharkhand’s urban development journey. The state is committed to creating a policy e..

Next Story
Real Estate

Mindspace REIT Marks Five Years With 14.8 Per Cent Annualised Returns

Mindspace Business Parks REIT, owner and developer of a Grade-A office portfolio, has completed five years since its listing on the Indian bourses in August 2020. Despite debuting during the global pandemic, the REIT has delivered 14.8 per cent annualised total returns, expanded its portfolio, and reinforced occupier trust. Key achievements over five years include: Portfolio expansion of 30 per cent to 31.0 msf through acquisitions and new developments. Gross leasing of 25.2 msf, with occupancy sustained at 93.7 per cent. Cumulative distribution of Rs 55.9 billion to unitho..

Next Story
Real Estate

Great Value Realty Secures RERA Nod for Ultra-Luxury Ekanam Project

Great Value Realty, one of North India’s most trusted developers, has received RERA approval for its flagship ultra-luxury residential project, Ekanam (RERA No. UPRERAPRJ15109/2019). The announcement was made during the Great Partners Meet at Noida. Built on the only available land parcel in Sector 107, Noida, Ekanam embodies the company’s philosophy, “Great is the New Norm,” promising excellence in design, quality, and sustainable community living. With seamless connectivity to Noida Expressway, DND Flyway, metro stations, and proximity to the upcoming Jewar Airport, the project ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?