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Essar's flat steel production up 58 pc in Q2 FY17

Press Trust of India  |  Mumbai 

Essar Steel Ltd (EStIL) today said it has recorded a 58 per cent quarter-on-quarter growth in flat steel production in the second quarter ended September 30, 2016.

The total production of flat products stood at 1.34 million tonnes (MT) in Q2 FY17 as compared to 0.85 MT in the corresponding period last fiscal. Pellet production also grew by 89 per cent to 2.43 MT compared to 1.28 MT in the same quarter last year, a statement issued here said.

The company's liquid steel production increased by 65 per cent to 1.34 MT in Q2 FY 17 as against 0.81 MT last year.

At 81 KT (kilo tonnes), EStIL's PPGI (Pre Painted Galvanised Iron) production was up by 98 per cent as compared to 41 KT produced in the corresponding period last year, it said.

Essar Steel is country's leading integrated steel producers with an annual production capacity of 10 million tonnes, which is supported by a 20 million tonne pellet-making capacity.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 14 2016. 16:22 IST