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Economy

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.
Electrosteel acquisition by Vedanta is credit neutral, says Ind-Ra

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