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Electrosteel in expansion mode, eyes 10 mt capacity in 5-6 years

Electrosteel had a planned capacity of 2.5 mt, but the commissioned capacity was 1.5 mt

Steel Industry, JSW steel, Tata, steel, SAIL, Steel Authority of India ,ArcelorMittal, Nippon Steel, VTB Capital,Essar Steel,Numetal,Vedanta steel, Vedanta, Electrosteel Steels,Bhushan Power & Steel, METAL INDUSTRY

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Ishita Ayan Dutt Kolkata
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

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First Published: Jun 26 2019 | 8:55 PM IST

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