Home » News » Zisco revival begins at last

Indian steel manufacturing conglomerate Essar Africa Holdings has begun the long-awaited process of refurbishing ZISCO- now NewZim Steel. In March 2011, government sealed a $750 million deal with Essar that resulted in Ziscosteel being unbundled into two companies, NewZim Steel and NewZim Minerals, giving Essar 54 percent control of the new company.