Essar Steel expands Hazira complex capacity to 4.6 mln tonnes

New Delhi, Dec 6 (UNI) Essar Steel today announced it has completed the expansion of steel manufacturing capacity at its Hazira Complex in Gujarat to 4.6 million tonnes at a cost of 1,975 crore.

After the expansion, the company has become the largest producer of flat steel in the private sector in the country. It accounts for 23 per cent of the country's flat steel capacity.

Post-expansion, the share of value added products in Essar Steel's portfolio has also increased to 75 per cent from 45 per cent earlier.

This will contribute significantly to reduction in imports of critical special grades of steel meant for sophisticated applications.

''The capacity enhancement will make India a potent force in international steel markets and has made Essar Steel in the premium league of high-end steel producers,'' company's Director Prashant Ruia said.

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