New Delhi: Non-ferrous metals giant Vedanta Resources is planning to foray the Indian steel sector with a 5 million tonne plant at an investment of about Rs 24,000 crore in Keonjhar district of Orissa and conceiving of its commissioning by 2012-13. It is planning to build a 5 million tonne steel plant at Keonjhar district of Orissa. Vedanta, which is the holding company of Sterlite Industries, has proposed to form a company - Sterlite Iron and Steel Company - for the project. The company will be a alliance between the Vedanta group and Volcan Investments, Vedanta''s holding company. Vedanta has started trial run of its Rs 3,500 crore alumina plant at Lanjigarh in Orissa but is yet to ensure adequate bauxite linkage for its different projects.
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