Vedanta Iron & Steel announces listing of equity shares
Chandigarh 17 June ( Ranjeet Singh Dhaliwal ) : Vedanta Iron & Steel Limited (VISL) has announced the listing of its equity shares on the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE). The listing will provide investors with direct access to one of India’s fastest growing integrated iron and steel platforms. The announcement comes at a time when the country’s steel sector is entering an unprecedented expansion phase.
India’s steel production capacity is projected to reach 300 million tonnes by 2030, up from the current capacity of about 200 million tonnes. This growth will be made possible by sustained investment in infrastructure, railways, energy, defence and urbanisation. Domestic steel demand is projected to grow at a rate of 6 to 8 per cent annually, much faster than global growth. The sector is expected to play a key role in India's economic growth in the coming decade. The company's shares, which trade under the script code '544784' on the BSE and 'VISL' on the NSE, were listed at ₹22.25 per share on the BSE and ₹20.00 per share on the NSE.

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