Future as strong as steel
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Diversified portfolio covering steel ecosystem
Vedanta entered the steel business by acquiring a 90% stake in ESL Steel Limited in 2018.
ESL was incorporated as a public limited company in 2006 and had operations in Bokaro, Jharkhand. As an integrated steel producer, the company has undertaken a Greenfield manufacturing facility with a capacity of 1.5 million tonnes per annum. The product range of the company includes pig iron, billets, TMT bars, wire rods, and ductile iron pipes.
At ESL Steel, we have established excellence in every stage of production using our expertise in managing plant fields and bringing in solutions from reputed manufacturers across the country. In less than one year after assuming operations, ESL Steel underwent a positive transformation resulting in a profitable business. Our aim is to scale up our steel operations in Bokaro through brownfield expansions and be amongst the top steel producers in the world.
- Steel is considered the world’s most important construction material
- It is highly recyclable and does not lose its properties while recycling
- Steel is a multi-purpose alloy that has numerous applications
- Steel is also used in everyday appliances such as refrigerators, television sets, and automobiles
- Achieved hot metal production of 1286 kt
- Product portfolio sales touched 72% in FY'2021
- Embarked on an expansion journey from 1.5 mtpa to 3 mtpa
- Increased the EBITDA margin to USD 95 per tonne
Unyielding Vision
Vedanta Steel’s vision is to become a global leader in high-grade, low-cost steel production, and to make India Atmanirbhar. We are expanding horizons with our current endeavours and plan to push boundaries with our future plans. While we plan to grow considerably, we have a Health, Safety, Environment, and Sustainability (HSES) focused management grid in place to ensure sustainable growth. This HSES focused plan is intertwined with Vedanta Limited’s ‘Zero Harm, Zero Waste and Zero Discharge’ philosophy and the goal is to emerge as a leader in shaping India’s self-made journey.
At ESL, we are committed to transforming India's steel industry through innovation, safety, and sustainability. Guided by Vedanta's core values, we aim to produce world-class steel and support India’s self-reliance. Focused on diversity, inclusion, and empowerment, we foster a high-performance culture. We have adopted green technologies to reduce environmental impact while prioritizing the safety and well-being of employees and communities, ensuring sustainable growth and ethical business practices.
Ravish Sharma
Chief Executive Officer
ESL Steel Limited
Vision
To provide continuous growth, profitability, and prosperity to all our stakeholders.
