Electrosteel Steels Ltd

Activity by year

201820192020202120222023202420252026

AcquisitionExpansion

Dec 25, 2018EXPANSIONBokaro, Jharkhand, India$300.0Mops 2020
Vedanta to invest $300 million to scale up Electrosteel Steels capacity to 2.5 million tonnes
Vedanta Resources plans to invest $300 million to increase the capacity of its Electrosteel Steels plant in Bokaro from 1.5 million tonnes to 2.5 million tonnes, expected to be completed in two years.
Vedanta Resources Electrosteel Steels Ltd partner #Steel and Metal Products telegraphindia.com
Jun 4, 2018ACQUISITIONIndia$800.0M
Vedanta Limited acquires Electrosteel Steels Limited
Vedanta Limited, through its subsidiary Vedanta Star Limited, acquired control of Electrosteel Steels Limited (ESL) after depositing INR 5,320 crore (approx. USD 800 million) in an escrow account. The acquisition includes an equity investment of INR 1,765 crore and an inter-corporate loan of INR 3,555 crore.
Vedanta acquirer Electrosteel Steels Ltd target #Steel and Metal Products prnewswire.com
Mar 31, 2018ACQUISITIONBokaro, India, India$812.6M
Vedanta wins auction to acquire bankrupt Electrosteel Steels
Vedanta Ltd, the Indian unit of Vedanta Resources, has won an auction to acquire bankrupt Electrosteel Steels Ltd. The transaction is part of India's bankruptcy law process, and financial details were not disclosed.
Vedanta acquirer Electrosteel Steels Ltd target #Steel and Metal Products marketscreener.com thehindu.com prnewswire.com

Acquired by

Loading…