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Essar Steel has achieved highest-ever monthly production of five lakh tonnes of flat steel last month. It was up 62 per cent compared with 3.08 lakh tonnes produced in the same period last year.
With the increase in production, the capacity utilisation at the plant was up at 70 per cent. The company has a production capacity of 10 million tonnes per annum.
During the quarter ended March, Essar Steel improved the performance across all its units, including pellet output, liquid steel making and flat steel production.
While pellet production was up 48 per cent at 19.3 lakh tonnes (13 lt), liquid steel output increased 43 per cent to 12.4 lt (8.7 lt). Flat steel production was up 34 per cent to 12.3 lt (9.2 lt).
The improved performance of the company comes when it is scouting for a strategic partner to reduce the debt. The demand for steel is looking up with the government creating positive climate for investment by announcing a slew of infrastructure projects.
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