Currently, the company’s capacity is 1.5 million metric tons per year. They want to increase it to 10 million per year to be among the top four steelmakers in India.

Earlier this year, the company acquired Electrosteel Steels (ESL), a primary producer of steel and downstream value-added products with a capacity of 1.5 million metric tons per year. Vendanta plans to ramp-up ESL’s capacity by doubling it to 3 million metric tons within the next two years, beginning with rebranding initiatives.

“The tactical initiatives were aimed at operational excellence, commercial excellence, debottlenecking and employee focus, whereas the strategic initiatives targeted new product development, leadership in chosen segments and leveraging of group synergies,” Pankaj Malhan deputy chief executive officer of ESL said in a statement, according to the Financial Express.

The Financial Express has more here.