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ESSAR STEEL INDIA RECORDS HIGHEST EVER QUARTERLY PRODUCTION

BSN Network
Date: 05/01/2017
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RECORDS 61% Q-O-Q GROWTH IN Q3 FY 2016-17

Mumbai, January 5, 2017: Essar Steel India Limited (EStIL) has recorded highest ever quarterly production with a 61% quarter-on-quarter growth in the third quarter ended December 31, 2016. The total flat steel production stood at 1.48 million tonnes, compared to 0.92 million tonnes in the corresponding period last year. Pellet production also grew by 99% to 2.59 million tonnes compared to 1.30 million tonnes in the same quarter last year.

Product             Q3 FY17 production             Q3 FY16 production       Growth
                               (in mn tonnes)                     (in mn tonnes)
Pellets                            2.59                                         1.3                                   99%
Liquid Steel                   1.41                                          0.87                               62%
Flat Products                 1.48                                          0.92                               61%

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