ArcelorMittal to ramp up Essar Steel plant's capacity beyond 10 mn tonnes

Industry sources, however, said, it was possible for Essar Steel to ramp up capacity to 15 million tonnes which was at one point part of the company's corporate plan

ArcelorMittal's proposal for Essar Steel includes a plan to increase the plant's capacity from its current nameplate capacity of 10 million tonnes.

Brian Aranha, executive vice president and head of strategy at ArcelorMittal said that Essar Steel was a large facility and there was scope to grow the plant even bigger. Asked to what extent it was possible to ramp up capacity at Essar, he declined to divulge details citing confidentiality clause of the proposal, but said, it was part of the plan submitted by the company. Aranha was part of the team that had done due diligence of Essar