Vedanta Iron and Steel Ltd (VISL) has outlined its ambition to become a leading integrated, resource-backed steel producer, supported by long-life iron ore reserves and operational integration across the value chain.
The newly listed company is backed by around 4 billion tonnes of iron ore reserves and resources, providing more than 50 years of raw material security. VISL said it is developing a platform focused on generating long-term value across iron ore mining and steel production.
Pankaj Kumar Sharma, CEO and Whole Time Director of VISL, said the company’s listing marks the beginning of a new growth phase, supported by long-life reserves, operational integration and a defined expansion roadmap.
VISL recently made its debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The company noted that India’s domestic steel demand is expected to grow by more than 6–8 per cent annually, outpacing global growth rates and supporting the sector’s role in the country’s economic development.
Operating across India and Africa, VISL has a diversified portfolio of mining and steelmaking assets, including Sesa Iron Ore, ESL Steel Ltd and Western Cluster Ltd in Liberia, along with associated industrial businesses.
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