+
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."

 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
Infrastructure Urban

Naidu Seeks Rs 563 Crore For AP Sports Infrastructure

Andhra Pradesh Chief Minister N Chandrababu Naidu has sought Rs 563 crore from the Centre to boost sports infrastructure in the state, including Rs 538 crore for stadium development and Rs 25 crore to host the Khelo India Martial Arts Games 2025. Naidu made the request during a meeting with Union Youth Services and Sports Minister Mansukh Mandaviya in New Delhi on Wednesday.The CM urged early completion of Khelo India infrastructure projects in Tirupati, Rajahmundry, Kakinada, and Narasaraopeta, and called for an international-standard badminton training centre and a national aquatic sports hu..

Next Story
Infrastructure Transport

Tough Bidding Norms Slow NHAI Road Project Awards

Stringent bidding rules imposed by the Ministry of Road Transport & Highways (MoRTH) have led to a slowdown in project awards by the National Highways Authority of India (NHAI), despite a robust Rs 3.5 trillion pipeline. According to an HDFC Securities report, the shift to more cautious developer models now favours firms with strong balance sheets, as tighter qualification norms limit aggressive bidders.The revised norms mandate additional performance security, targeting the exclusion of players that previously submitted low bids—often 25 to 40 per cent below NHAI cost estimates—raisin..

Next Story
Infrastructure Transport

Mumbai Gets Coastal Nod for Next Promenade Phase

As Mumbai prepares to open two major sections of its expansive seafront promenade this week, the city’s civic authority has secured a key coastal clearance to advance further construction. The Maharashtra Coastal Zone Management Authority (MCZMA) has approved the commencement of work on the segment between Haji Ali and Baroda Palace, with tendering expected soon after project cost assessments.The promenade, stretching 7.5 km in length and 20 metres wide, is being designed as a flagship open space for walkers, joggers, and cyclists. Two critical stretches—2.75 km from Tata Garden to Haji Al..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?