Essar Steel Algoma Inc. announces its fiscal year ending result’s
SAULT STE. MARIE, ON — Essar Steel Algoma Inc. announced today the close of its fiscal year ending March 31, 2015 reporting Rs. 1047.42 cr. (CDN $194.9 million) in EBITDA as compared to an EBITDA loss of Rs. 319.53 cr. (CDN $55.2 million) in F2014. Fiscal 2015 was a milestone year for the Company marked […]
CDN $240 million modernization and expansion programme at Essar Steel Algoma
Modernization and expansion program will make Essar Steel Algoma more competitive. SAULT STE. MARIE, Ont. — Essar Steel Algoma is embarking on a CDN $240 million modernization and expansion program to make it more competitive and sustainable in a tough global steel market. Bolstered by up to $60 million from the governments of Canada and […]
Essar Steel EBIDTA up 188%, PAT at Rs 648 cr, Major Projects Completed
Highlights of FY 2015 Mumbai: Essar Steel India Limited today announced its financial results for the year ended March 31, 2015. Financial performanceEssar Steel has made significant improvements in the performance of the company during FY15. The company focused on consolidation, enriching product mix, cost reduction and stabilizing operations. The gross revenue has increased by 19.61% […]
PT Essar Indonesia registers 22% growth in EBIDTA for FY 2015; net profit at USD 3.8 million
Jakarta: PT Essar Indonesia, part of Essar Global Fund and amongst the largest downstream steel facilities in Indonesia, has registered 22% growth in its EBIDTA at USD 15.37 million for the year ended March 31, 2015, against an EBIDTA of USD 12.57 million in the previous year. The company recorded net profit of USD 3.8 million […]
Essar Steel’s Vizag captive power plant restored; Greenbelt recreated
Visakhapatnam: Essar Steel, amongst India’s leading steel makers, today said that it has restored the 30 MW Captive Power Plant located in the premises of its Pellet Plant Facility in Visakhapatnam, after the severe damage caused by super cyclone HUD HUD in October 2014. The plant is being operated at full capacity and has begun supplying […]
Essar Steel Algoma Third Quarter Results Signal Return to Profitability
SAULT STE. MARIE, ON, Feb. 16, 2015: Essar Steel Algoma Inc. signaled its return to profitability today reporting a net income of CDN$26.8 million for the three month period ended December 31, 2014, as compared to a net loss of CDN$38.6 million for the same three month period ending December 31, 2013. The gain is attributable […]
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