Vedanta to conduct strategic review of steel, raw material businesses
A subsidiary of Vedanta Resources Limited, Vedanta Limited is one of the world's leading natural resources companies, spanning across India, South Africa and Namibia
 "Vedanta")
In a regulatory filing, the company said it has also engaged advisors to assist in this review
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Vedanta Ltd on Friday said it will conduct a strategic review of its steel and steel raw material businesses.
In a regulatory filing, the company said it has also engaged advisors to assist in this review.
"The company has decided to initiate a strategic review of its steel and steel-making raw materials businesses. The review will begin immediately and evaluate a broad range of options to maximize stakeholder value, including but not limited to a potential strategic sale of some or all of the above-mentioned steel businesses," it said.
Vedanta Ltd did not provide any further details.
A subsidiary of Vedanta Resources Limited, Vedanta Limited is one of the world's leading natural resources companies, spanning across India, South Africa and Namibia.
In June 2018, Vedanta Limited acquired Jharkhand-based steel company ESL Steel Limited through an insolvency resolution process.
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First Published: Jun 30 2023 | 7:19 PM IST