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."

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..