AM/NS India, a joint venture between ArcelorMittal and Japan's Nippon Steel, plans to enhance capacity at the erstwhile Essar Steel pellet plant at Paradip, Odisha to 6 million tonnes per annum (mtpa), with room to expand it by 3-6 mtpa.Expanding capacity has topped the agenda of the management since the takeover of the plant in December from Essar Steel following bankruptcy proceedings.In a presentation to investors on Thursday, ArcelorMittal, the majority partner in the joint venture, said the company plans to expand its total pellet-making capacity to 20 mtpa, including an 8-mtpa Vishakapatnam plant, by 2021-22.Following the capacity expansion, about 30% of the pellets produced can be exported, since captive consumption would only require about 70% of installed capacity.
Source: https://www.livemint.com/