Vedanta in talks with 3 firms for steel foray

Karaikudi: Non-ferrous metals major Vedanta Resources is in talks with three steel companies from Japan, Europe and India to be its partner for its proposed entry into steelmaking. The London-based Vedanta's chairperson Anil Agarwal said the group is even open to offering a majority stake in the venture to the new partner who would be bringing in the technology for making steel. The steel venture would mark Vedanta's foray into ferrous metals.