According to unconfirmed reports,
Essar Group is setting up a 1.5 million tpa plate mill at Hazira, adjacent to
Essar Steel's integrated steel plant. The project is estimated to entail an
investment of Rs.1,500 crore.
The mill however will not be a part of
Essar Steel and will be called 'Hazira Plates' . It will be owned by a separate
company controlled by Ruia Group and the mill will be built by Siemens VAI.
The mill will be capable of producing
steel plates up to 5 metres wide and will also produce its own slabs which will
be rolled into plates.
Work on the project is scheduled for
completion by end-2007.