Vedanta Iron and Steel Limited (VISL) is a public limited company incorporated in India on October 10, 2023. Headquartered in Mumbai, the company operates in the metal and mining sector, with a focus on the exploration, mining, and processing of iron ore. VISL also engages in value-added operations related to the iron and steel industry, positioning itself as a key player in this segment.
The company is a spin-off from Vedanta Limited (VEDL), with its iron ore undertaking demerged into VISL, effective from May 1, 2026. As part of this demerger, VISL issued 3.91 billion equity shares to eligible shareholders of VEDL on a 1:1 ratio, ensuring seamless ownership transition. This strategic restructuring was completed through a Scheme of Arrangement for Demerger, enhancing operational focus on its core iron ore business.
With its foundation rooted in one of India’s leading metals and mining groups, VISL aims to leverage its expertise to establish a strong foothold in the metals market. Its primary activities—spanning extraction to value-added processing—position the company to capitalize on domestic and global demand for iron ore and related products.