Vedanta Limited (NSEI:VEDL) will divest its steel business only if it gets the ?right? price, Chairman Anil Agarwal said. ?Our team is committed, and if we don?t get the right price, we will run the business ourselves,?

Agarwal said on the sidelines of an event here. ?It is being run profitably, and also has a lot of potential.? In June last year, metals-to-oil conglomerate Vedanta had initiated a strategic review of its steel and steel raw material businesses, and said it would sell a part or all of these businesses.

Agarwal had also said demerger of the company?s steel business would be completed by March 2024. In fiscal year 2024, Vedanta?s steel production and sales were at an all-time high. In 2018, Vedanta had acquired Electrosteel Steels through the insolvency process.

It owns 95.5% stake in the company. Agarwal said Vedanta will be investing $20 billion in capital expenditure over the next four years in electronics, technology, glass, semiconductors and some other sectors in which the company has a presence. He said Bihar, Jharkhand and Uttar Pradesh are attractive for investments because of their natural resources and low labour cost.

The chairman, though, did not specify how much would be invested in these regions. Meanwhile, for its semiconductor business, the company has acquired land in Gujarat and is scouting for a partner for this business.