Essar Steel is planning to commission a 12 mtpa pellet unit in a week at Paradip in Odisha, pacing way for setting up of its proposed 6 mtpa integrated steel plant, reports said, quoting Essar Steel India's MD and CEO Dilip Oommen.
Buoyed by its Hazira complex becoming India's largest single location flat steel maker with 10 mtpa capacity, he said the company wanted to replicate the success story of Hazira complex.
After doubling of the capacity of Hazira complex to 10 mtpa, Essar is keen to give momentum to its Odisha project including commissioning of the pellet plant at Paradip with an initial capacity of 6 mtpa, he said.
Charging operation for the pellet plant already been completed and the unit's capacity would be raised up to 12 mtpa within a year, Oommen said.
The company is also envisaging setting up of a six mtpa integrated steel plant (ISP) at the same site in Paradip, for which an MoU already existed, the Essar Steel MD said expressing hope that government would ensure a level playing field for both domestic and international players.
The company has already spent around Rs.250 crore in Odisha.
Along with the pellet unit, Essar is also working on a corresponding 12 mtpa beneficiation plant at Dabuna and slurry pipe line in close proximity of major mining sites, he added.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.