Considering options on Electrosteel: Vedanta Resources' Anil Agarwal

It cannot be a small capacity plant, says Anil Agarwal

Metals and mining giant Vedanta entered the steel sector in 2018 with the acquisition of Electrosteel Steels, one of the early cases to be resolved under the Insolvency and Bankruptcy Code (IBC). In a conversation, Anil Agarwal, founder and chairman of Vedanta Resources, tells Ishita Ayan Dutt that he wants Electrosteel’s capacity to increase to 15-20 mt from 3 mt at present. Edited excerpts:

You entered the steel sector with the Electrosteel acquisition four years ago. But you are now looking to sell it. What led to this decision?

We have not arrived at a decision. In any business, I tell my