New Delhi: Essar Steel on Wednesday said it has received two major overseas orders worth Rs 400 crore for manufacturing specialised pipes, taking the total order book of its pipe mill to about Rs 1,000 crore.
The company "has received two sizeable orders from Middle East and Africa for manufacturing of API (American Petroleum Institute) grade steel pipes worth Rs 400 crore. This takes the total order book of the pipe mill to approximately Rs 1000 crore indicating strong order inflow," it said in a statement.
The contract in Africa pertains to construction of 4,000 tonnes of offshore line pipe application which will be used in a Chevron project.
The company said the order from Middle East is for supply of 45,000 tonnes of high grade coated pipes in the coming quarter.
Commenting on the development, MD and CEO, Essar Steel, Dilip Oommen said: "This is reflection of Essar Steel’s integrated capability to produce world class pipes. To cater to the wide range of pipe products..., our pipe mill has full-fledged facilities...To ensure production of high quality pipes. Our aim is to become a preferred supplier of quality steel to all our customers, domestically and globally".
The statement said the company's mill has the capacity to manufacture 6,00,000 tonnes of pipes comprising 2,75,000 tonnes per annum (TPM) of API-grade HSAW (Helical Submerged Arc Welding) Line pipes and 3,25,000 TPM of API-grade LSAW (Longitudinal Submerged Arc Welding) Line pipes.
Essar Steel, a 14 MTPA global producer of steel has presence in Canada, USA, India and Indonesia.
PTI
