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    ELECTROSL   INE481K01021

ELECTROSTEEL STEELS LTD

(ELECTROSL)
End-of-day quote NSE India Stock Exchange  - 
- INR   -.--%
2022Vedanta Reportedly Looks to Sell Electrosteel
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2022ESL Steel Limited Auditor Raises 'Going Concern' Doubt
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2022ESL Steel Limited Reports Earnings Results for the Full Year Ended March 31, 2022
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Vedanta Reportedly Looks to Sell Electrosteel

11/15/2022 | 12:06am EST

Four years after scooping up ESL Steel Limited (Electrosteel Steels Limited) to make a big splash in the steel industry, Vedanta Limited (NSEI:VEDL) (Vedanta Group) has decided to sell business to focus on its core mining and industrial businesses and deleverage the balance sheet which had a debt of $11.7 billion at March-end, said people with knowledge of the matter. The group has approached steel companies such as ArcelorMittal Nippon Steel India (AMNS), Tata Steel Limited (BSE:500470), JSW Group and Jindal Steel & Power Limited (NSEI:JINDALSTEL), and a select group of financial investors, said the people. Top executives like ArcelorMittal Chief Executive Officer Aditya Mittal have also visited the site along with Vedanta Group officials in recent weeks, they said.

Vedanta Group said it did not want to comment on market speculation. ArcelorMittal Nippon Steel and JSW declined to comment. “We don't have any acquisitions under evaluation currently,” Tata Steel Chief Financial Officer Koushik Chatterjee told ET.

Mails sent to JSPL did not generate a response till press time.


ę S&P Capital IQ 2022
Stocks mentioned in the article
ChangeLast1st jan.
ELECTROSTEEL STEELS LTD 0.00%End-of-day quote.0.00%
JINDAL STEEL & POWER LIMITED 0.82% 598.35 Delayed Quote.2.17%
TATA STEEL LIMITED 0.04% 111.5 End-of-day quote.-1.02%
VEDANTA LIMITED -1.24% 309.9 Delayed Quote.1.85%
All news about ELECTROSTEEL STEELS LTD
2022Vedanta Reportedly Looks to Sell Electrosteel
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2022ESL Steel Limited Auditor Raises 'Going Concern' Doubt
CI
2022ESL Steel Limited Reports Earnings Results for the Full Year Ended March 31, 2022
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2021Electrosteel Steels Limited Auditor Raises 'Going Concern' Doubt
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2021Tata Steel, AM/NS India, ESL Steel May Participate in NINL Divestment
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2021Arcelormittal , JSW , Jindal , ESL Submit EOI for Uttam Galva Steels
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2020Electrosteel Steels Limited Reports Earnings Results for the Full Year Ended March 31, ..
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2020Electrosteel Steels Limited Auditor Raises 'Going Concern' Doubt
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2019Electrosteel Steels Limited Reports Earnings Results for the Full Year Ended March 31, ..
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2019Electrosteel Steels Limited Auditor Raises 'Going Concern' Doubt
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More news
Financials
Sales 2022 64 839 M 784 M 784 M
Net income 2022 -946 M -11,4 M -11,4 M
Net Debt 2022 36 045 M 436 M 436 M
P/E ratio 2022 -60,6x
Yield 2022 -
Capitalization 60 812 M 869 M 735 M
EV / Sales 2021 2,01x
EV / Sales 2022 1,49x
Nbr of Employees 1 726
Free-Float 1,85%
Income Statement Evolution
Managers and Directors
Navnath Laxman Vhatte Chief Executive Officer & Director
Prasun Kumar Mukherjee Non-Executive Independent Director
Mahendra Singh Mehta Non-Executive Independent Director
Poovannan Sumathi Director
Lawrence Roy Director
Sector and Competitors
1st jan.Capi. (M$)
ELECTROSTEEL STEELS LTD0.00%0
NUCOR CORPORATION26.17%42 076
ARCELORMITTAL10.80%23 838
STEEL DYNAMICS, INC,26.95%21 776
NIPPON STEEL CORPORATION14.99%18 468
POSCO HOLDINGS INC.7.78%17 911