Vedanta has incorporated wholly owned subsidiary namely ‘Sesa Iron and Steel’ on September 6, 2023. Sesa Iron and Steel is incorporated for growth projects and to undertake expansion of its operations. Cost of acquisition is Rs 1 lakh (10,000 equity Shares of Rs 10 each) by way of subscription to the share capital.
Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.