Essar Steel clocks in highest ever production at 6.8 million tonnes

Essar Steel has a steel making capacity of close to 10 million tonnes that is supported by a 20 million tonne pellet-making capability

Essar Steel, which is on the cusp of a resolution under the Insolvency and Bankruptcy Code (IBC), has recorded its best ever production at 6.8 million tonnes, an improvement of 10 per cent over the previous year and around 24 per cent in 2016-17.

At the end of March 2019, Essar's production stood at 6.78 million tonnes compared to 6.18 million tonnes in 2017-18 and 5.47 million tonnes in 2016-17. 

The corporate insolvency resolution process (CIRP) for Essar, one of the largest Reserve Bank of India- mandated resolutions, started in August 2017. J Mehra, who stepped down as the chief