Essar steel to expand global hypermart outlets

New Delhi: Essar Steel will expand its global chain of retail brand — Steel Hypermarts — in Indonesia, Middle East, and other South Asian nations in the next three years. It has two retail outlets in Indonesia and plans to invest additional Rs 300 crores for increasing its overseas outlets to 40.

The hypermart will supply steel to small and medium enterprises and also sell customised steel products for meeting customer-specific requirements.

Essar Steel also plans to expand its Indian outlets from the present, 67 to 175 by next three years.