Essar Steel To Set Up More Service Centres At Auto Hubs

Essar Steel, subsidiary of Essar Global, is in the process of expanding its steel service centre capacity to two million tonnes from 1.2 million tonnes at its Hazira plant in Gujarat. Additionally, the company is commissioning three steel service centres at the auto clusters in Chennai, Pune and the National Capital Region (NCR) to support its growing presence in automobile and appliance sectors. The Hazira service centre is already operational, while the Chennai centre is expected to become operational by the third quarter of the current fiscal. The Pune and NCR centres will become operational by the end of the financial year. The company is investing about Rs 200 crore in the project which would be raised through a mix of debt and internal accruals.