The Essar Steel Pune Facility (ESPF), a manufacturing unit that is integral to Essar Steel India's value-added steel portfolio, has recorded a turnaround performance in the financial year ended March 2016.

ESPF's sales volume rose 71% to cross 462,000 tonnes, as compared to 270,000 tonnes in the previous fiscal. Total revenue was at Rs 2,070 crore, a growth of 45% when compared to a revenue of Rs 1,425 crore in the previous year.

ESPF's capacity utilisation has risen to 77% in FY 2015-16 from just 45% in FY 2014-15. This is in line with the rising capacity utilisation in Essar Steel India's overall operations—the company had a capacity utilisation of 70% in the last quarter of FY 2015-16.

In fact, ESPF's capacity utilisation in the ongoing quarter of the current fiscal has already shot up to well over 98%. The current year's production target is set to cross 625,000 tonnes, translating into a 35% volume growth compared to the FY 2015-16 number.

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