+
AM/NS invests Rs 1,000 cr in new Gujarat production line
ECONOMY & POLICY

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

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.

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.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code