ESL Steel capacity expansion by next year: Vedanta's Sunil Duggal

Mining giant says priority is to finish doubling capacity of company it acquired in June 2018

The capacity expansion of ESL Steel will be completed by next year, Sunil Duggal, group chief executive officer, Vedanta, said on Tuesday.

The priority is to finish doubling capacity from 1.5 million tonnes to 3 mt, Duggal said in response to a question on whether the company was looking to sell ESL. As on date, this is not a topic, he said on the sidelines of a press conference to announce the Global Mining Summit.

An investor presentation of Vedanta in August said completing ESL’s expansion was slated for the end of FY23. ESL was also looking to increase the