Essar becomes first Indian co to supply plates for warships

Posted By: Religare
Subscribe to GoodReturns

Essar becomes first Indian co to supply plates for warships
An announcement was made today by one of the leading players in the steel industry, Essar Steel Ltd., regarding the approval given by the government to the company for supplying the steel plates to the Indian Navy. The company said that it is the first steel plates producer of the nation who has got a green signal by the government for the same.

Under the terms of the deal signed, the company will be supplying the steel plates for the purpose of building strategic warships. This order has been given by Mazagoan Dock (MDL) and the order includes the supply of 13,000 tonnes of heavy plates which will be utilized in the manufacturing state of the art ships for the Indian Navy. This order is being tagged as one of the biggest order placed by MDL in terms of the size of the steel plates consignment from a domestic steel mill.

The company said, the order follows a "stringent mill audit of Essar Steel's recently commissioned wide-plate mill conducted by teams from the Directorate of Naval Architecture (DNA), Defence Metallurgical Research Laboratory (DMRL) and the Director General of Quality Assurance (DGQA) of the Ministry of Defence."

It further added that, "Equipped with state-of-the-art equipment and controls- along with cutting edge technology sourced from Siemens Voest Alpine -- the mill is the only one of its kind in the country capable of producing 5-metre wide plates conforming to global standards."

Essar is the only existing company in India which has integrated facilities in its steel plant and apart from this it even possesses a strong product line including products like heavy plates, hot rolling, cold rolling etc.

The finishing facilities which are offered by the mill which include normalised rolled, furnace-normalised, direct quenched, quenched and tempered (QT) plates and accelerated direct cooling (ADCO), adds on to the specialised productivity of the company.

Read more about: essar steel, bse, nse
Story first published: Friday, May 6, 2011, 9:30 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'