AMNS India to invest USD $1 billion in downstream industry

30 Sep 2022 CW Team

Aditya Mittal, the Chairman of the steel company based in Gujarat, announced that ArcelorMittal's subsidiary AMNS India will invest USD $ 1 billion in the downstream industry, particularly in the growth of its specialty steel portfolio. In addition, Mittal serves as CEO of parent firm ArcelorMittal, which owns 60% of AMNS India.

AMNS India in Hazira is well-positioned to take advantage of the growth opportunities provided by the local steel market, which has the potential to increase to 300 million tonne per year by 2030.

This meeting marked the first since the asset was acquired jointly by Luxembourg-based ArcelorMittal and Japan's Nippon Steel in December 2019.

In a presentation to investors and analysts, Mittal stated that AMNS India is committed to leading the decarbonisation of the Indian steel industry in addition to volume growth. AMNS India will increase its production of high grade specialty steels in key growth sectors like infrastructure and automotive, in line with India's national steel policy and significant policy initiatives like Atmanirbhar Bharat.

Also read:
Birla Estates acquires 10 acre land in Bengaluru for housing project
NAREDCO Maharashtra set to host India's first real estate property Expo

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..