Vedanta will also set up a mega steel project adjacent to the existing Electrosteel plant in Bokaro, entailing an investment of $3-4 billion. In June 2018, Vedanta Limited acquired the management control of ESL through the Corporate Insolvency Resolution Process initiated for addressing resolution of non-performing assets of the Indian banking system. The Bokaro Steel Plant was established with the collaboration of Soviet Union when the First Prime Minister of India Jawahar lal Nehru desired to establish a Steel Plant in the region. Vedanta Recruitment. Electrosteel’s 1.5-mt capacity greenfield plant in Jharkhand’s Bokaro will be scaled up to 3 mt over the next two years in the first phase of expansion. Vedanta, a globally diversified natural resources company, plans a bigger play in steel manufacturing following the acquisition of Electrosteel Steels earlier this year. “It was a combination of right people, higher volumes and tight cost control that led to the change, Vedanta CEO Srinivasan Venkatakrishnan said adding “a rally in iron ore prices also helped us.” Regarding this, Online applications are invited from qualified and skilled contenders for filling up Vedanta New Job Openings in different locations. Following the deal, the Company was delisted from the Indian Stock Exchange and is now owned by Vedanta Limited through Vedanta Star Limited. Having successfully turned around the operations of Electrosteel Steels Ltd (ESL) in less than a year post its acquisition, the Anil Agarwal-controlled Vedanta Ltd is … Corporate Office Electrosteel Steels Limited, Lohanchal Colony, Plot No. Vedanta … The plant will be part of the company's newly-acquired Electrosteel Steels Ltd (ESL) at Bokaro, Vendanta Resources Chairman Anil Agarwal said. Latest Career Opportunities in Vedanta!!! The plant will be part of the company's newly-acquired Electrosteel Steels Ltd (ESL) at Bokaro, Vendanta Resources Chairman Anil Agarwal told reporters here. KOLKATA: Vedanta Ltd on Tuesday said it will set up a new steel plant in Jharkhand with a capacity of 4.5 million tonne (MT) per annum at an investment of USD 3-4 billion. ₹ 5,000 and above ₹ 6,000 and above ₹ 7,000 and above ₹ 8,000 and above ₹ 9,000 and above ₹ 10,000 and above ₹ 15,000 and above ₹ 20,000 and above It has set up its plant at Chas. Vedanta’s new facility, which will be owned by its subsidiary Electrosteel, will also be based in Bokaro and will likely be adjacent to the existing facility. झारखंड Jharkhand news Bokaro News Electrosteel Vedanta Company in Bokaro Coal transporting in Bokaro. Mining firm Vedanta Ltd said on Tuesday that it will set up a new steel plant in Bokaro city of Jharkhand, PTI reported. Vedanta-Electrosteel bags SAP Award. ESL, an Integrated Steel Producer, was incorporated in 2006 as a Public Limited Company with operations in Bokaro, Jharkhand, India. Vedanta Ltd on Tuesday said it will set up a new steel plant in Jharkhand with a capacity of 4.5 million tonne (MT) per annum at an investment of USD 3-4 billion. Vedanta-owned Electrosteel Steels Ltd (ESL) has received forest clearance for a proposed steel-manufacturing plant in Jharkhand despite encroachment allegations in what seemed a policy seesaw. Vedanta Resources took over Electrosteel for a sum of Rs 5,320 crore via the NCLT, which added a new feather to his business of mining copper, zinc, aluminium, iron ore and oil. The plant will be part of Vedanta's newly-acquired Electrosteel Steels Ltd (ESL) at Bokaro; Vedanta will initially invest around $300 million to augment ESL's capacity Graduate/ Post- Graduate Degree Holders who want to work Vedanta Limited are excited to hear that Online Registration Link to apply for Vedanta Recruitment 2021 is Active Now. Vedanta-led Electrosteel Steels is eyeing a capacity of 10 million tonnes (mt) in the next five to six years through organic and inorganic options. Monday, 07 December 2020 | PNS | Bokaro. Vedanta eyes 10 mtpa steel production capacity Kolkata, June 26 (IANS) Anil Agarwal controlled Vedanta, which acquired Electrosteel Steels (ESL) … Here is another famous steel company namely Vedanta Electrosteel Casting Ltd. Vedanta acquired Electrosteel for Rs 5,000 crore in 2018 and renamed it as ESL Steel Limited. It is a company headquartered and based in Kolkata. Over all here employee has all the freedom to learn and deliver their best and friendly working enviornment. Get Top Management, MD , CEO , HR Manager Contact details with Email id of Vedanta Electrosteel Ltd in Bokaro . The plant will be part of the company's newly-acquired Electrosteel Steels Ltd (ESL) at Bokaro, Vendanta Resources chairman Anil Agarwal told reporters. Kolkata: Natural resources major Vedanta Ltd on Tuesday said it will set up a new steel plant in Jharkhand with a capacity of 4.5 million tonne (MT) per annum at an investment of $3 to 4 billion. Address , contact numbers, contact details of CIO , Chief Finance Officer CFO, HR Head, Sales Head, Purchase Head, Admin Head, Marketing Head or Manager also available. ESL’s manufacturing facility is a green field integrated steel plant located near Bokaro, Jharkhand, India, which has a current capacity of 1.5mtpa and the potential to increase to 2.5mtpa. It has set up a 2.5 Million Ton Per Annum (MTPA) Greenfield Integrated Steel Plant near Siyaljori village, in the Bokaro district of Jharkhand. New Delhi: Vedanta Ltd on Tuesday said it will set up a new steel plant in Jharkhand with a capacity of 4.5-million-tonne-per-annum at an investment of $3-4 billion.The plant will be part of the company’s newly-acquired Electrosteel Steels Ltd (ESL) at Bokaro, Vedanta … Management is very supportive and helpful. Kolkata: Vedanta Ltd has said its acquisition of Electrosteel Steels Ltd (ESL) has led to a turnaround in the company in a space of eight months. PRODUCTS Internationally accredited superior quality DI Pipes and Fittings. Also Read London-listed Vedanta Resources to … With respect to strengthening India's own infrastructure, Electrosteel Group has ventured into the Steel Manufacturing industry through Electrosteel Steels Limited. ... company had announced an investment of around … Subsequently Electrosteel Steels Limited had gone for NCLT and was acquired by Vedanta Limited in 2018. It is likely to cost Rs 4,000-5,000 crore. 10, Beside Sector 12, Bokaro Steel City - 827013 Registered Office 801, Uma Shanti Apartments, Kanke Road, Ranchi - 834 008, Jharkhand Plant Site Electrosteel Steels Ltd is a very good company and employee point of view, here 100% job satsfaction in all aspects. Electrosteel had entered in to a MoU with the State of Jharkhand State, for setting up an integrated steel plant at Bokaro location in the Year 2008. Vedanta Star Ltd, a wholly owned subsidiary of Vedanta Ltd, has paid an upfront amount of Rs 5,320 crore for Electrosteel Steels. Location: Bokaro, Kolkata, Delhi, Jamshedpur Industry: Iron and Steel. Anil Agarwal, chairman of Vedanta Resources, said on Tuesday he would initially invest about $300 million in the next two years to augment the capacity of Electrosteel to 2.5 mtpa. Also, collegues are supportive and good. KOLKATA: Anil Agarwal, chairman of resources major Vedanta group which acquired Electrosteel Steels under the Insolvency and Bankruptcy Code earlier this year, is keen to make it the vehicle for his expansion into the steel sector. Trouble brews for Bokaro steel plant and Electrosteel Steels Semi-nude protesters took on the BSL management with their demand for jobs, while Vedanta’s ESL’s expansion plan despite getting clearance during the public hearing, witnessed stiff opposition The natural resources major acquired Electrosteel Steels ... ESL has a greenfield steel plant with a capacity of 1.5 MTPA near Bokaro in Jharkhand state. 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