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Vedanta Iron and Steel was incorporated as a public limited company under the Companies Act, 2013 pursuant to a certificate of incorporation dated October 10, 2023, issued by the Registrar of Companies, Mumbai. President to the scheme of arrangement, the Iron Ore Business Undertaking of Vedanta Limited demerged into separate entity that is Vedanta Iron and Steel Limited (VISL) and issued 391,06,86,689 Equity Shares of the company to the Eligible Shareholders of Vedanta Limited.
VISL is a leading fully integrated Iron & Steel enterprise built on the strength of a robust value chain of resource security & value-added production. The integration of its key businesses including Sesa Iron Ore, ESL Steel Ltd, and Western Cluster Limited, enables VISL to operate as a unified and resilient industrial platform supplying the materials that form the foundations of modern economies & powering nation-building across geographies. With operations spanning India and Africa, VISL is focused on iron ore exploration, mining, and processing in India and West Africa, alongside the production of high-quality steel, wire rods, TMT bars, pig iron, Ductile Iron (DI) Pipes, Ferro-silicon, cement and metallurgical coke.
VISL has legacy of over decades of mining, with initial operations having commenced in Goa in 1954 and gradually expanding into Karnataka and Odisha & diversifying into production of pig iron and metallurgical coke between 1991 and 1995. The emphasis on business excellence was reflected through the ISO 14001 certification achieved as early as 1997, becoming the first iron ore mining company in India to achieve the feat. Furthermore, the robust in-house R&D led to the development of an indigenous and environmental friendly method for producing high-quality metallurgical coke. The company, through the fully owned subsidiary ESL Steel Ltd, produces steel at its greenfield integrated steel plant at Bokaro which was established in 2006 and was acquired by Vedanta Limited in 2018.
Business area of the company
The company is involved in the exploration, mining, and processing of iron ore, alongside its value-added businesses. The company and its subsidiaries operate iron ore mining sites in Goa, Odisha and Karnataka. Its value-added operations include the production of pig iron, metallurgical coke, Ferrosilicon and power generation, with three blast furnaces, two power plants and a ferro-silicon plant.
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