India’s resource company Vedanta Limited has established a new subsidiary Sesa Iron and Steel Limited, headquartered in Goa, according to a regulatory filing by the company on Monday, September 11.
In its filing, the company stated, “Sesa Iron and Steel Limited has been formed to facilitate growth initiatives and to oversee the expansion of its operations.”
Vedanta also operates Sesa Goa Iron Ore Limited which specializes in iron ore mining, exploration and mineral processing. However, iron ore mining in Goa remained halted following a Supreme Court order in 2018.
The establishment of Sesa Iron and Steel Limited comes one day after Vedanta Resources, the parent company of Vedanta Limited, announced the return of ownership and operational control of its Konkola Copper Mines (KCM) in Zambia by the Zambian government.