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Article: India: Vedanta to enter steel business with partner.

Article from:
TendersInfo
Article date:
July 18, 2009
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Byline: shiv03

Entrepreneur Anil Agarwal is looking to enter the steel business with a partner.

Sesa Goa Ltd, which acquired VS Dempo and Co. Pvt. Ltd for Rs1,750 crore in June, has begun talks with a few Japanese and European steel companies for building a steel plant in India, said Agarwal, the chairman of Vedanta Resources Plc.

The London Metal Exchange-listed Vedanta Resources is Agarwal s holding company and owns controlling stakes in Sterlite Industries Ltd, Sesa Goa, Vedanta Aluminium Ltd and Konkola Copper Mines Plc. in Zambia.

We are iron ore producers and not specialists in making steel. We will partner with somebody who can ...

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