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Essar Steel announced on Thursday that it has secured a $14 million order for supplying high grade steel plates to National Petroleum Construction Company, UAE.
The order makes Essar Steel the first Indian company to get approved for American Petroleum Institute (API) monogram on 2H, 2W and 2Y grades of steel plates meant for the hydrocarbon industry.
This approval will aid the company to look for opportunities in international markets such as West Asia and Europe.
National Petroleum Construction Company has won a major engineering, procurement and construction contract in India to build offshore platforms for ONGC for B series and N-15 and N-16-6 wellhead platforms project at the offshore Mumbai High Field.
Essar Steel will supply steel plates of width ranging from 2 m to 4 m for N-15 and N-16 parts. The order will be executed by July 2011.
The steelmaker had recently won the order for supplying heavy duty steel plates for the Indian Navy's war and supply ships. Production for the National Petroleum Construction Company will be from the same Rs 2,000-crore facility which produces the plates for the Indian Navy.
The plate mill has an annual production capacity of 1.5 million tonnes and is equipped with modern equipment sourced from Siemens Voest Alpine. The mill, the only one of its kind in the country, is capable of producing 5-m wide plates conforming to global standards.
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