Essar
Steel has completed the capacity expansion of its Hazira steel plant near Surat
in Gujarat. The steel unit capacity has been raised to 10 million tpa at an
investment of $7.5 billion (approx Rs 39,750 crore). The investment includes
raw material beneficiation, steel-making and distribution. The plant will have
the capability to manufacture steel at a low cost through a series of
cost-cutting measures. The Hazira facility combines a DRI, blast furnace and
corex technology for making iron, which is later used in the steel-making
process through electric arc furnaces. (January 2012)
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