Electrosteel Castings Acquires 500 Acre Land for DI Pipe & Fittings Plant in Odisha
The greenfield plant, to be established at a 500-acre plot in Odisha, will have nearly 5 lakh tonnes capacity, equivalent to about 60 percent of ECL’s existing capacity of 8.5 lakh tonnes. The company plans to fund the project mostly from internal accruals. Jun 2, 2024 As part of its large-scale expansion and future diversification […]
Vedanta Retreating from Steel Business, Plans To Sell Electrosteel
In 2018, Vedanta beat Tata Steel to take over Electrosteel at INR 5,320 crore. December 2, 2022 Vedanta Group has planned to exit the steel business. This move comes almost four years after the group decided to make big in the segment. As per a news report, Vedanta is planning to sell Electrosteel and focus […]
