Essar Steel to Induct Strategic / Financial Partner


Mumbai, November 07, 2015: Essar Steel has appointed ICICI Securities & SBI Capital Markets as advisors to help identify and induct strategic/financial investors in the Company. This decision is in addition to previously announced plans to monetise certain non-core assets to raise equity and infuse additional funds for ramping up operations to full capacity. Essar Steel […]

Essar Steel India recognised for Safety Leadership by World Steel Association


Mumbai, India and Chicago, USA: Essar Steel India has been recognised for Safety Leadership for the second year in a row by the World Steel Association (worldsteel). Declaring the final scoring of the 31 submissions received by the Worldsteel Safety Excellence Recognition Programme 2015, Mr Arne Haferkorn, Chairman of the Judging Panel said, “I am delighted […]

Essar Steel Algoma Proud Supplier to the Champlain Bridge Corridor Project


SAULT STE. MARIE, ON – Essar Steel Algoma Inc. has contracted with CanamBridges, a division of Canam Group Inc., to supply structural steel bridge plates for use in the construction of the new Champlain Bridge, satisfying approximately 20% of the project’s total steel requirement. Spanning 3.4 km across the St. Lawrence between Montreal and the […]

Essar Steel launches first ever online B2B market place


E Hypermart to be a billion dollar e-tailing place Mumbai: In a first ever move by a B2B product company, Essar Hypermart, part of Essar Steel, has announced the launch of an online platform ( for selling steel and other related products. Branded EHypermart (EHM), the online platform will target B2B segments. EHypermart is an […]

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% […]

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 […]