Essar Steel 6 mtpa mega steel plant in Bagalkot Karnataka

Essar Steel has decided to make an investment of Rs 17,760 crore to set up a 6 mtpa mega steel plant at Bagalkot in Karnataka. The state government has granted its approval in this regard.

Essar Steel has asked the Karnataka government to lease an iron ore mine for continuous supply of the raw material. The said plant will be developed in two phase. Initially, in the first phase, the plant would have a 3 mtpa capacity. The company aims to put up a pellet plant, a coke oven plant and a battery in the first phase. Later the capacity would be doubled to 6 mtpa in the second phase.

The company envisages increasing production capacity to 25 million tonne per annum by 2012. Its products find wide acceptance in highly discerning consumer sectors, such as automotive, white goods, construction, engineering and shipbuilding.