Stay updated with breaking news from Import substitute. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Anil Agarwal of Vedanta Group plans to increase Nand Ghars to 25,000, emphasizing import substitution and minimal debt. Considers divesting steel business but sees potential for expansion as the lowest cost producer, open to offers. He also says that while the total debt is $12 billion, each company will cost $15-20 billion to set up and take 10 years. So, there is hardly any debt. ....