Vedanta Iron and Steel was incorporated as a public limited company under the Companies Act, 2013 pursuant to a certificate of incorporation dated October 10, 2023, issued by the Registrar of Companies, Mumbai. President to the scheme of arrangement, the Iron Ore Business Undertaking of Vedanta Limited demerged into separate entity that is Vedanta Iron and Steel Limited (VISL) and issued 391,06,86,689 Equity Shares of the company to the Eligible Shareholders of Vedanta Limited.

VISL is a leading fully integrated Iron & Steel enterprise built on the strength of a robust value chain of resource security & value-added production. The integration of its key businesses including Sesa Iron Ore, ESL Steel Ltd, and Western Cluster Limited, enables VISL to operate as a unified and resilient industrial platform supplying the materials that form the foundations of modern economies & powering nation-building across geographies. With operations spanning India and Africa, VISL is focused on iron ore exploration, mining, and processing in India and West Africa, alongside the production of high-quality steel, wire rods, TMT bars, pig iron, Ductile Iron (DI) Pipes, Ferro-silicon, cement and metallurgical coke.

VISL has legacy of over decades of mining, with initial operations having commenced in Goa in 1954 and gradually expanding into Karnataka and Odisha & diversifying into production of pig iron and metallurgical coke between 1991 and 1995. The emphasis on business excellence was reflected through the ISO 14001 certification achieved as early as 1997, becoming the first iron ore mining company in India to achieve the feat. Furthermore, the robust in-house R&D led to the development of an indigenous and environmental friendly method for producing high-quality metallurgical coke. The company, through the fully owned subsidiary ESL Steel Ltd, produces steel at its greenfield integrated steel plant at Bokaro which was established in 2006 and was acquired by Vedanta Limited in 2018. 

Business area of the company

The company is involved in the exploration, mining, and processing of iron ore, alongside its value-added businesses. The company and its subsidiaries operate iron ore mining sites in Goa, Odisha and Karnataka. Its value-added operations include the production of pig iron, metallurgical coke, Ferrosilicon and power generation, with three blast furnaces, two power plants and a ferro-silicon plant.

Products

• Iron ore: Iron ore reserves consist of both lump and fine ore. Lump ore is sold from the mines primarily to domestic sponge iron or steel producers.
• Pig Iron: Pig iron is an intermediate product of the iron industry, also known as crude iron. It is first obtained from a blast furnace in a molten state and then typically cast into loaf shaped blocks called 'pigs.' 
• TMT Bars: TMT Bars are basically thermo mechanically treated steel bars which are produced by controlled quenching and selftempering process. It sells TMT Bars primarily to the construction industry.
• Wire Rod: Steel wire rod is rolled from steel billet in a wire rod mill and is used primarily for the manufacture of wire. The steel for wire rod is produced by all the modern steelmaking processes, including the basic oxygen and electric furnace processes. 
• Ductile Iron Pipe: Ductile iron pipe is a pipe made of ductile cast iron commonly used for potable water transmission and distribution. The ductile iron used to manufacture the pipe is characterised by the spheroidal or nodular nature of the graphite within the iron. 
• Steel Billet: A billet is a length of metal that has a round or square cross-section. Billets are created directly via continuous casting or extrusion or indirectly via hot rolling an ingot or bloom. Billets are further processed via profile rolling and drawing. Final products include TMT and Wire rod.

By Product

• Granulated Slag: Granulated blast-furnace slag is obtained by rapidly quenching molten blast-furnace slag (the non-metallic byproduct from pig iron production) in water or steam. Granulated slag, particularly in its finely ground form, is extensively used in the cement industry for the production of quality-improved slag cement (or blended cement), offering enhanced durability and other beneficial properties to concrete.

Milestones/ Major events

• 2023: Incorporation of the company as Vedanta Iron and Steel Limited
• 2025: Scheme approved by NCLT for vesting of Demerged Undertaking into the company
• 2026: Transfer and vesting of Iron and Steel Business (Demerged Undertaking) from Vedanta Limited to the company pursuant to the Scheme of Arrangement.