Essar is one of the most talked about conglomerates of India

The steel business of Essar is the biggest in the Western India region and operates under Prashant Ruia. Some big business houses like Caterpillar, Hyundai, the Konkan Railway Swaraj Mazda and Maruti Suzuki have approved of its steel quality and find place in its client list. Essar Steel is into the manufacturing of API grade steel catering to varied segments like white goods, ship building, automobiles, roofing and white goods. It exports almost one-third of its production to the US, Europe, South East and Asia and Middle East markets. Its current production of steel is 3 million per annum, which is being enhanced to 4.6 million per annum. In September 2006, it has acquired Hy-Grade Pellets and Steel Corporation of Gujarat and invested around Rs.20 billion for expanding and modernizing the business.

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Source:- IIPM Editorial

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