Essar Steel to invest Rs 1,000 cr for setting up service centres

Essar Steel is planning to invest Rs 1,000 crore over a period of three years for setting up service centres across India, North America and the Middle East to cater to the specific steel requirements of auto, white goods and SME sectors.

The company also inaugurated its 2.5 LTPA centre worth Rs 75 crore. This centre will manufacture steel as per customer’s specifications in North India.

Essar Steek plans to set up 15-20 such centers with a cumulative capacity of 4.2 million tonnes per annum. Its current capacity is 2.5 million tonnes per annum.