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NT Bureau
Chennai, Jan 3:

        Essar Steel announced that it had completed the expansion of steel manufacturing capacity at its Hazira complex in Gujarat to 4.6 million tonnes.

        The expansion project was completed in 18 months with an investment of Rs 1975 crore. The company said that this is the culmination of Essar Steel's strategy to be low cost, high quality and value-added producer for the niche, high end markets in India and abroad.

        Interestingly, the expansion makes Essar Steel country's largest producer of flat steel in the private sector, accounting for close to 23 per cent of the country's flat steel capacity.

        The company also installed two more modules for HBI/DRI production, increasing total capacity to 5.5 million tonnes per annum. This makes Essar Steel the largest, single location producer of HBI in the world.

        Prashant Ruia, director, Essar group said, 'we are extremely pleased that this capacity expansion will make India an even more potent force in international steel markets. This expansion and modernisation puts Essar Steel in the premium league of high end steel producers.'