Essar Steel enters into an agreement to acquire steel assets of Shree Precoated Steels

摘要

Essar Steel to become the country's largest cold roller with an annual capacity of 2 million tones. Essar Steel to become the country's largest colour coated steel producer with an annual capacity of 0.4 million tonnes and the largest exporter of colour coated steel. Essar Steel has the largest Service Centre facility with capacity of over 2.5 Million tonnes. Essar Steel Hypermart with over 230 outlets is India's largest retailer of steel in India. Essar Steel Limited (Essar Steel) today announced that it has entered into a definitive Business Transfer Agreement with Shree Precoated Steels Limited (SPSL) to acquire the entire assets and steel business of the Company. This agreement is subject to regulatory and other approvals.