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Vedanta-led Electrosteel Steels is eyeing a capacity of 10 million tonnes (mt) in the next five to six years through organic and inorganic options.
Electrosteel’s 1.5-mt capacity greenfield plant in Jharkhand’s Bokaro will be scaled up to 3 mt over the next two years in the first phase of expansion. It is likely to cost Rs 4,000-5,000 crore.
Pankaj Malhan, deputy chief executive officer, said other phases were also being planned. While the ramp-up from 3 mt to 6 mt will happen at Bokaro, for the next phase, the company could look at setting up a greenfield project
Electrosteel’s 1.5-mt capacity greenfield plant in Jharkhand’s Bokaro will be scaled up to 3 mt over the next two years in the first phase of expansion. It is likely to cost Rs 4,000-5,000 crore.
Pankaj Malhan, deputy chief executive officer, said other phases were also being planned. While the ramp-up from 3 mt to 6 mt will happen at Bokaro, for the next phase, the company could look at setting up a greenfield project
