Recently, Vedanta had received National Company Law Tribunal’s (NCLT) approval to acquire Electrosteel Steels (Electrosteel). NCLT, Kolkata Bench, has approved the terms of the Resolution Plan submitted by the company, pursuant to a Corporate Insolvency Resolution process implemented by way of the Insolvency and Bankruptcy Code 2016, and the terms of the Resolution Plan are now binding.
Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.
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