Jagran correspondent, Bokaro. Electrosteel plant investors: The announcement by Vedanta Limited Chairman Anil Agarwal to split the company's business by March 2026 is being considered very important for the industrial future of Bokaro. This announcement is being considered important for the business of Vedanta based in Bokaro along with the entire country.
It may be noted that Vedanta's subsidiary Electrosteel Plant can emerge as a more powerful business entity after this decision. Vedanta's various businesses will be separated into five independent, listed and sector-focused companies.
According to industry experts, independence of the steel business will give the Electrosteel Steel Plant more freedom in taking decisions related to direct investment, technological upgradation and expansion. Bokaro and surrounding areas are likely to benefit directly from this.
Increasing production capacity, adoption of new technology and development of downstream units can create new employment opportunities for local youth. Besides, economic activities in supporting industries, transport, contract workers and service sector are also expected to pick up.
Speaking to a media organisation, the company's chairman said that the business split will increase transparency and focus in operations and each new company will have the ability to become as strong as the original Vedanta in its own field.
This model will be attractive to investors and will accelerate capital investment. The expansion of Electrosteel Steel Plant in Bokaro, which is already a major industrial center of Jharkhand, is also expected to strengthen the industrial economy of the state.
This strategic decision of Vedanta will not only strengthen the company's position in global competition, but can also give Bokaro a new identity as a steel and manufacturing hub.