Vedanta may sell off ESL Steel Limited, exit steel business: Report

Vedanta is planning to sell off ESL Steel Limited (formerly known as Electrosteel Steels Limited) to deleverage the balance sheet which had a debt of $11.7 billion in March-end and exit the steel business, The Economic Times reported. Vedanta has reportedly approached ArcelorMittal Nippon Steel, Tata Steel, JSW and Jindal Steel and Power Limited for the same.