Essar ventures into defence manufacturing

Essar ventures into defence manufacturing

Essar has stepped into defence manufacturing sector by developing steel grades which find application in land and naval defence.

In a statement, Essar Steel said the company has developed several products which are import substitutes as well as innovated to develop indigenous armour plate for ballistic protection.

Essar Steel MD and CEO Dillip Oommen said, “The defence sector is witnessing exponential growth. Essar Steel would like to be a part of this growing segment so we can capitalise on our strengths, which include state-of-the-art manufacturing and product development.”

He added: “We have developed an excellent track record by successfully supplying steel to many defence projects. This has given us the confidence and encouragement to expand our product portfolio for this segment.”

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Author: Research Desk