JAKARTA, Jan 23 (Reuters) - The Indonesian unit of Indian
conglomerate Essar Group plans to increase its annual
cold-rolled coils output capacity at its domestic steel factory
to 700,000 tonnes this year from 400,000 tonnes, a government
official said on Wednesday.
Panggah Susanto, the director general of manufacturing
industry at the industry ministry, told reporters that the CEO
of PT Essar Indonesia, K.B. Trivedi, met Industry Minister
Mohamad Hidayat on Wednesday to inform him about the plan.
"For the expansion, the company plans to invest $120 million
this year," said Susanto, adding that domestic demand for
cold-rolled coils is around 2.5 million tonnes a year.
Trivedi declined to comment on the discussions with the
minister when asked by reporters.
Besides cold-rolled coils, the Indonesia unit also makes
hot-dipped galvanized steel coils and sheets.
(Reporting by Yayat Supriatna; Editing by Muralikumar