Mumbai, 11 July 2017: Essar Steel India Limited (EStIL) has achieved a run rate of 83% of capacity and recorded a significant 29% quarter-on-quarter growth in flat steel production in the first quarter of the current fiscal. The total production stood at 1.57 million tonnes in Q1FY18 compared to 1.21 million tonnes in the corresponding period last year. Pellet production also grew by 36% to 2.75 million tonnes compared to 2.02 million tonnes in the same quarter last year.
The supplies to OEM segment including auto, white and yellow goods registered a growth of 64% at 2.05 lakh tonnes in Q1 FY18 compared to 1.25 lakh tonnes in the same period last year.
PPGI (Pre Painted Galvanised Iron) production was the highest ever in a quarter, 84.8 KT — up by 8.3% when compared to 78 KT produced in the corresponding period last year.
|Product||Q1 2018 production
(in mn tonnes)
|Q1 2017 production
(in mn tonnes)
|Flat Steel Products||1.57||1.21||29%|
|Value added Products||0.7||0.56||15%|
About Essar Steel
Essar Steel India is one of India’s leading integrated steel producers with an annual production capability of 10 million tonnes, which is supported by a 20 million tonne pellet-making capability. The state-of-the-art facilities comprise iron ore beneficiation, pellet making, iron making, steel making, and downstream facilities, including a cold rolling mill, a galvanising and pre-coated facility, a steel-processing facility, an extra-wide plate mill and three pipe mills with coating facilities.
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.
B Ganesh Pai, VP – Corporate Communications, Essar Steel
Mob: +91 98197 30225, Email: email@example.com