Vedanta’s ESL Steel Plant calls the Union Budget 2022-23 a positive step toward the future of digital and Environmental, Social, and Governance (ESG) transformation.
ESL Steel Limited’s chief executive officer (CEO), NL Vhatte, said that the budget brings great opportunities for the steel industry through the PM GatiShakti National MasterPlan, the 400 new Vande Bharat trains and the essential shift to skilling through online training.
Also, CEO said that the budget aims to realise National Steel Policy (NSP) 2017 with our ESG goals aligned. The government has provided special support to the nation’s ESG goals and self-reliance goals through the battery swapping policy for (Electric Vehicles) EVs and the allocation of Rs 19,500 Cr for Product Linked Incentive (PLI) for the manufacture of high efficiency solar modules.
ESL Steel is taking shape of a primary steel producer at Chandankyari Block of Bokaro in the state of Jharkhand. The company has set up a green field integrated manufacturing facility, which is currently commissioned at a capacity of 1.5 MT per annum. The Company’s product range includes Pig Iron, Billets, TMT Bars, Wire Rods and Ductile Iron Pipes.
(Content Provided by ESL corporate communication team member Tanya Gupta)
