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Essar Global sets up a steel plant in Qatar

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Plant Overview ESSAR Global Ltd (EGL) inked a MOU with Qatar Steel Company to establish a steel plant in Qatar. The plant with an estimated installation cost of US$ 1.25 billion shall produce 4 million tons of steel annually. The plant is being installed in Mesaieed industrial city and shall become operational in the first half of 2008. As per the MOU, EGL provides high-grade iron ore pellets, manufacturing technology and professional management to set up and manage the plant that shall be completed in several phases. Essar Constructions Ltd (ECL) has been contracted for providing plant and equipment for the plant. Essar has particularly chosen Qatar for establishment of the steel plant because steel production is a power intensive operation, and Qatar has third largest natural gas reserves in the world. Project Name Essar Global Steel Plant Location Mesaieed industrial city, Qatar Commence 2005 Completion 2008 Estimated Investment US$1.25 billion Capacity US$1.25 billion Key Players Essar Constructions Ltd

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