Essar Steel, one of the leaders in India and abroad in the steel sector, is planning to invest Rs 1,500 crore over the next one year. The company wants to complete the second phase of a six mtpa (million tonnes per annum) pellet plant at Paradeep in Odisha. The company is also planning to setting up a 135-MW multi-fuel captive power plant at Hazira, using imported coal and gas fines generated in the Corex steel making process.
Essar Steel, as part of its business activity of steel manufacturing has a gas plant which produces oxygen, nitrogen, and argon gases, while Inox Air Products is engaged in the business of manufacturing and supplying industrial gases across India.
