Essar Steel has bagged two orders worth Rs 400 crore for supply of steel pipes to West Asia and Africa, which takes the total order book of the pipe mill to about Rs 1,000 crore. As per the deal, the company will supply 4,000 tonnes of American Petroleum Institute (API) grade line pipe for use by Chevron to construct offshore pipeline in Africa.
The company will ship out 45,000 tonnes of 48 inch high grade coated pipes to West Asia in the second quarter of this fiscal. It also has the capability to manufacture 600,000 tonnes comprising 275,000 tonnes a year of API-grade HSAW (helical submerged arc welding) line pipes.
Essar Steel is a fully integrated flat carbon steel manufacturer from iron ore to ready-to-market products. Its products find wide acceptance in highly discerning consumer sectors, such as automotive, white goods, construction, engineering and shipbuilding.
| Company Name | CMP |
|---|---|
| Tata Steel | 210.70 |
| JSW Steel | 1215.55 |
| SAIL | 171.55 |
| Jindal Stainless | 789.45 |
| APL Apollo Tubes | 2045.55 |
| View more.. | |
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