Jayant Acharya of JSW Steel discusses the company s capacity expansion plans, stable pricing trends, inorganic growth opportunities, and overseas operations performance, emphasizing the focus on value-added products for business stability. Acharya says in the last quarter, 62% of sales was from value-added and specials and 61% for the year as a whole. In terms of absolute volume, it has grown substantially.
Once the final approval for the demerger is granted, Vedanta group companies may seek fresh lines of credit from their current creditors to obtain growth capital
The Vedanta Group, led by Chairman Anil Agarwal, revealed plans to invest USD 20 billion in its Indian businesses over the next four years. Agarwal highlighted a focus on technology, electronics, and glass sectors alongside other group activities. He expressed a desire to support Bihar s growth and emphasized the necessity of robust policy support.
Vedanta Ltd intends to divest its steel business only if it receives the appropriate valuation, according to Chairman Anil Agarwal. Despite a strategic review initiated in June 2023 and plans for a demerger by March 2024, Vedanta remains committed to running the profitable steel segment.
Anil Agarwal-owned Vedanta Resources (VRL), which has hired Standard Chartered Bank to raise funds for its Konkola copper mine assets, says it is engaging with several potential partners for both short-term funds and long-term equity financing for the Zambian project.
A Vedanta official said its commitment to optimising capital allocation and driving expansion is a key cornerstone of its strategy for the mines.
It will enhance value creation and operationalise the Konkola Copper Mines (KCM).