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Report: Vedanta may sell off ESL Steel Limited and leave the steel industry.

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By lapaasindia
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  • According to The Economic Times, Vedanta intends to sell out ESL Steel Limited (formerly known as Electrosteel Steels Limited) in order to deleverage the financial sheet, which had a debt of $11.7 billion at the end of March, and quit the steel industry.
  • According to reports, Vedanta has asked for the same from Tata Steel, JSW, ArcelorMittal Nippon Steel, and Jindal Steel and Power Limited.

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