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Essar Steel India records highest ever quarterly production; records 61% Q-o-Q growth in Q3 FY 2016-17

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January 05, 2017 Bookmark and Share  
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Mumbai, 5 January 2017: Essar Steel India Limited (EStIL) has recorded highest ever quarterly production with a 61% quarter-on-quarter growth in the third quarter ended December 31, 2016. The total flat steel production stood at 1.48 million tonnes, compared to 0.92 million tonnes in the corresponding period last year. Pellet production also grew by 99% to 2.59 million tonnes compared to 1.30 million tonnes in the same quarter last year.

Essar Steel India records highest ever quarterly production;

Product

Q3 FY17 production
(in mn tonnes)

Q3 FY16 production
(in mn tonnes)

Growth

Pellets

2.59

1.3

99%

Liquid Steel

1.41

0.87

62%

Flat Products

1.48

0.92

61%


About Essar Steel
Essar Steel India is one of India’s leading integrated steel producers with an annual production capacity of 10 MTPA supported by a 20 MTPA pellet facility. The state-of-the-art facilities comprise iron making, steel making, and downstream facilities, including a cold rolling mill, a galvanizing and pre-coated facility, a steel-processing facility, an extra-wide plate mill and 3 pipe mills with coating facilities.

Essar Steel uses information technology extensively for its operation to ensure consistent quality of its products. It produces over 300 grades of steel conforming to quality standards of international certification agencies like API, ABS, NACE, Lloyd’s Register to name a few. The products, many of which are import substitute products, cater to the requirements of a wide cross section of industries.

Essar Hypermart, a pioneering initiative of Essar Steel, caters to the requirements of the SME segment, which normally does not have access to mill material directly.

Sustainability has been given due importance and the company is on course to becoming a zero-waste company.

Media Contact:
B.Ganesh Pai, VP - Corporate Communications, Essar Steel, +91 98197 30225, ganesh.pai@essar.com

 
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