Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
Vedanta Iron & Steel has officially made its stock market debut on the Bombay Stock Exchange (BSE), marking a major milestone in Vedanta Ltd's long-awaited demerger strategy. The newly formed company was listed at around ₹22 per share as part of the group's restructuring plan aimed at creating independent, sector-focused businesses.
The listing concludes Vedanta's mega demerger exercise, under which the conglomerate separated its aluminium, power, oil & gas, and iron & steel businesses into standalone listed entities. The move is designed to unlock shareholder value, improve operational focus, and allow each business to pursue its own growth strategy.Under the approved 1:1 demerger scheme, existing Vedanta shareholders received one share in each of the newly created entities for every Vedanta share held. Market participants are closely monitoring the performance of the demerged companies as investors assess their individual growth prospects and valuations.
Industry experts believe the restructuring could enhance transparency and attract sector-specific investors. For the iron and steel business, the independent listing provides greater flexibility to pursue expansion opportunities and capitalize on growing demand from infrastructure, manufacturing, and industrial sectors.The successful debut of Vedanta Iron & Steel represents a significant development for both the company and India's steel industry, highlighting the increasing focus on value creation through specialized business structures.
Also Read : China to Build Coal-Fired Power Plants Until 2027 India & Russia in talks on thermonuclear research, transit potential of North sea
India produced 83.91 million tonnes (MT) (provisional) of coal, surges by 10.15% from the same month...
Energy 04-Jun-2024
India's stainless steel industry value is expected to rise from $17,452.5 million in 2024 to $31,905...
Ferrous 10-Jul-2024
Russia’s Severstal-Metiz has upgraded its 2,000 mt press at the Cherepovets plant, aiming to s...
Asia 10-Jun-2026
The UAE-India Business Council (UIBC) and Nangia Andersen LLP launched a new report headed "Modern E...
Business 15-Mar-2024
Tata Steel is accelerating its deleveraging efforts with a target to eliminate overseas debt within...
Business 05-Jun-2026
India’s Economic Survey 2023–24, presented in parliament on Monday, stated that the coun...
Ferrous 23-Jul-2024