The total production stood at 1.22 million tonnes
The galvanising and pre-coated steel manufacturing unit produces 6 lakh tonnes of processed steel every year with capacity utilisation nearing 100% this fiscal
Such steel has been previously either manufactured under restrictive technology transfer agreements with foreign countries, or simply imported into India
A robust bidding helped the steel maker to bag the Ghorhaburhani-Sagasahi iron ore block, upstaging strong contenders like Tata Steel, JSPL and JSW Steel
Essar Steel Minnesota, a US affiliate of India's shipping, natural resources and power conglomerate Essar Global Group, has hired financial and legal advisers to help it restructure its debt
Debt-laden firm prepares plan to lower dependency on natural gas, reduce loan burden; sees no need now for stake sale
RBI directive banning sale, leaseback of assets by firms hits sale
Co pips contenders like Tata Steel, JSPL and JSW steel; quoted a price 44.5% over the reserve price of the block