"As of date, this (exiting Electrosteel) is not a topic for us. The only priority is to raise the (production) capacity to 3 million tonnes," Vedanta Group CEO Sunil Duggal told reporters when asked about the reports of exiting the steel business.
"I just visited the Electrosteel facility and reviewed the progress," he said.
He was at the curtain raiser event of CII organised Global Mining Summit 2022.
The group was planning to invest USD 300-350 million in doubling the Electrosteel capacity out of the USD 2 billion investment announced by the group.
During the day, he also sought regulatory flexibility for the mining sector.