Vedanta establishes Sesa Iron and Steel Subsidiary in Goa

08 Sep 2023 CW Team

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."

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..