AM/NS invests Rs 1,000 cr in new Gujarat production line

26 Sep 2024 CW Team

Beyond solar applications, Magnelis will also serve various sectors, including road infrastructure (crash barriers), agricultural infrastructure (grain silos, farm equipment), and construction (pre-engineered building structures). Magnelis is characterized as a flat carbon steel coated with a zinc-aluminium-magnesium alloy on both sides.

Located at AM/NS India’s Hazira plant, the new production line boasts an annual capacity of 500,000 tonnes. The corrosion-resistant and self-healing properties of Magnelis make it particularly suited for solar projects, according to the joint venture between ArcelorMittal and Nippon Steel.

AM/NS India is already in advanced negotiations to supply Magnelis to major players in India’s renewable energy and infrastructure sectors, including Adani Green Energy, Reliance Industries, and NTPC. Previously, this premium steel product was primarily imported from countries such as Korea, Japan, and China, often resulting in lengthy delivery times.

India ranks as the world’s second-largest crude steel producer but became a net importer of steel in FY24. Major domestic steel companies are increasingly prioritizing value-added products. Ranjan Dhar, director and vice president of sales and marketing at AM/NS India, noted that 60-65% of the joint venture’s portfolio is focused on value-added products, and this focus will remain consistent even as the company expands.

AM/NS India is committing Rs 60,000 crore to increase its production capacity from 9 million tonnes (mt) to 15 mt, with completion expected by early 2026. Additionally, the company plans to introduce a 2 mt auto-focused cold rolling mill at Hazira next year.

Dhar emphasized that the push for value-added products is driven not only by profit margins but also by the rapidly changing demand patterns in India, especially in sectors like automobiles and consumer goods. He reiterated that AM/NS is continuously engaging with market stakeholders to align their offerings with India's requirements.

In a statement regarding the Magnelis launch, CEO Dilip Oommen highlighted that this product meets the increasing demand for high-performance steel while aligning with the vision of Atmanirbhar Bharat.

ArcelorMittal Nippon Steel India (AM/NS India) has announced a substantial investment of nearly Rs 1,000 crore to establish a production line for Magnelis at its plant in Gujarat. This initiative aims to secure over 50% of the domestic market share for steel supplies in solar projects. Beyond solar applications, Magnelis will also serve various sectors, including road infrastructure (crash barriers), agricultural infrastructure (grain silos, farm equipment), and construction (pre-engineered building structures). Magnelis is characterized as a flat carbon steel coated with a zinc-aluminium-magnesium alloy on both sides. Located at AM/NS India’s Hazira plant, the new production line boasts an annual capacity of 500,000 tonnes. The corrosion-resistant and self-healing properties of Magnelis make it particularly suited for solar projects, according to the joint venture between ArcelorMittal and Nippon Steel. AM/NS India is already in advanced negotiations to supply Magnelis to major players in India’s renewable energy and infrastructure sectors, including Adani Green Energy, Reliance Industries, and NTPC. Previously, this premium steel product was primarily imported from countries such as Korea, Japan, and China, often resulting in lengthy delivery times. India ranks as the world’s second-largest crude steel producer but became a net importer of steel in FY24. Major domestic steel companies are increasingly prioritizing value-added products. Ranjan Dhar, director and vice president of sales and marketing at AM/NS India, noted that 60-65% of the joint venture’s portfolio is focused on value-added products, and this focus will remain consistent even as the company expands. AM/NS India is committing Rs 60,000 crore to increase its production capacity from 9 million tonnes (mt) to 15 mt, with completion expected by early 2026. Additionally, the company plans to introduce a 2 mt auto-focused cold rolling mill at Hazira next year. Dhar emphasized that the push for value-added products is driven not only by profit margins but also by the rapidly changing demand patterns in India, especially in sectors like automobiles and consumer goods. He reiterated that AM/NS is continuously engaging with market stakeholders to align their offerings with India's requirements. In a statement regarding the Magnelis launch, CEO Dilip Oommen highlighted that this product meets the increasing demand for high-performance steel while aligning with the vision of Atmanirbhar Bharat.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Real Estate

09 Mar 2026

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..