Vedanta Iron And Steel Limited (VISL/Company) announced the listing of its equity shares on BSE Limited (BSE) and National Stock Exchange of India Limited (NSE), marking the beginning of a new chapter as an independent, resource-backed iron ore and steel Company.
The listing provides investors with direct exposure to one of India’s emerging integrated iron ore and steel platforms at a time when the country’s steel sector is entering a phase of unprecedented expansion. India’s steelmaking capacity is expected to increase to 300 million tonnes (MT) by 2030 against current installed capacity of ~200 MT presently, supported by sustained investments in infrastructure, railways, energy, defence and urbanisation. With domestic steel demand projected to grow at over 6-8% annually, significantly ahead of global growth rates, the sector is expected to play a central role in India’s economic development over the coming decade.
Positioned at the intersection of this opportunity, VISL combines long-life iron ore resources, integrated operations and a significant expansion pipeline. Supported by approximately 4 billion tonnes of iron ore reserves and resources, providing more than 50 years of raw material security, the Company is building a platform designed to create long-term value across the iron ore and steel value chain.
VISL has outlined a clear roadmap for growth and value creation, backed by a planned capex programme, the Company is focused on expanding value-added product capacity across High Silicon Iron, DI Pipes, Wire Rods and Rebars.
Already among India’s largest iron ore producers and exporters, VISL benefits from a diversified portfolio of mining, processing and steelmaking assets across Odisha, Jharkhand, Goa, Karnataka and Liberia. The Company’s integrated value chain is supported by strategic logistics infrastructure, including dedicated railway sidings, port access, barge fleets & facilities and captive power assets, enabling efficient operations and market access across key regions.
Trading under the scrip code ‘544784’ in BSE and ‘VISL’ in NSE, the Company’s shares were listed at INR 22.25 per share at the BSE and INR 20.00 at NSE.
Commenting on the listing, Mr. Pankaj Kumar Sharma, CEO and Whole Time Director, VISL, said: “VISL’ listing marks the beginning of a new growth phase for the Company. We are building one of India’s most integrated resource-backed iron ore and steel growth platoform, supported by long-life reserves, operational integration and a clearly defined expansion roadmap. As India enters a new cycle of industrial and infrastructure-led growth, we believe VISL is uniquely positioned to participate in and contribute to this transformation. Our focus remains on disciplined execution, responsible growth and creating sustainable long-term value for all stakeholders.”
As an independent listed Company, VISL will benefit from a sharper strategic focus, enhanced operational agility and a dedicated capital allocation framework. The Company remains committed to responsible mining, operational excellence and sustainable value creation as it advances its ambition of building a globally competitive, fully integrated and future-ready iron ore and steel business.