Vedanta Iron & Steel’s CEO Mr Sauvick Mazumdar, while sharing plans with Financial Express’s Mr Surya Sarathi Ray said “Currently, we have around 1.5 million tonne per annum capacity at ESL and are working to take it to 3 million tonne per annum with around INR 4,000-crore investment. The expansion will be through the brownfield route. We are getting the requisite clearances and I believe in the next 9-10 months, this entire capacity addition will take place. The blueprint is also ready for taking the capacity further to 5 million tonne per annum. It will require another INR 8,000-9,000 crore.”

He said “We have got over 1,000 acres of land in Bellary. We are very actively considering that expansion. We will produce green steel there. We are toying with various ideas as to whether we will go for a tie-up. But it’s too early to say anything. At this point, I won’t be able to say much on the proposed capacity there. But we have been talking about having around 3-4 million tonne per annum over there.”

He said “Right now, we are producing around 2.5 million tonne per annum. Apart from 1.5 million tonne per annum in ESL, we are producing around 1 million tonne per annum of very high-quality pig iron in Goa. Very soon, we’ll also produce ductile iron pipe from Goa. By 2030, we’ll be coming up with Bellary and further expansion with ESL. So, in the next 6-7 years, we expect our expansion to be a minimum of 10-12 million tonne per annum.”

He added “Our product basket includes TMT bar, wire rod and ductile iron pipe in the steel segment. We are in the process of doubling the entire product basket. However, as we go forward, we will also get into the flat and special alloys segment.”

Vedanta acquired the inoperative Bellary Steel in Karnataka through competitive bidding in 2011 and Electrosteel Steels via the insolvency route in 2018. The company’s iron and steel vertical includes steel operations, iron ore mines in Goa, Karnataka and Odisha, apart from a ferro-alloys producing unit; a nickel, cobalt and cement unit; and a pig iron, metallurgical coke & port business.,

POSCO to Split Steel Operations & Form Posco Holding

Strategic Research Institute

Related Stories