Electrosteel acquisition by Vedanta is credit neutral, says Ind-Ra
Updated : April 20, 2018 10:28 PM IST
The acquisition will provide a modest improvement to acquirer business profile with a focus on value-added steel products.
Vedanta has a 0.8 mtpa pig iron capacity in Goa and the acquisition will add 1.5 mtpa steel capacity now and another one mtpa upon the completion of expansion programme.
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