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.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

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.

Real Estate

08 Sep 2025

Max Estates Acquires Gurugram Land for Rs 30 Billion Project

Max Estates Limited has secured development rights for a 7.25-acre land parcel in Sector 59, Gurugram, situated along the prestigious Golf Course Extension Road. The company announced in a regulatory filing on 6 September that it will develop a premium residential project on the site, with an estimated booking value exceeding Rs 30 billion.As part of the transaction, the company’s board has approved acquiring full ownership of Base Buildwell Private Limited (BBPL), the special purpose vehicle holding the licence and development rights for the plot. The acquisition remains subject to regulato..

Infrastructure Urban

08 Sep 2025

Vedanta Tops Rs 170 Billion Bid for Jaiprakash Assets

The Anil Agarwal-led Vedanta Group has emerged as the highest bidder for the debt-ridden Jaiprakash Associates Ltd (JAL), surpassing the Adani Group with a Rs 170 billion bid in a challenge auction conducted by lenders, according to individuals familiar with the matter.With a net present value of Rs 125.05 billion, Vedanta’s offer marks the most substantial recovery plan for JAL so far. However, lenders, who have admitted claims exceeding Rs 590 billion, would still face a haircut of approximately 71 per cent. Despite other shortlisted contenders such as Dalmia Bharat, Jindal Power, and PNC ..

Building Material

08 Sep 2025

State Defends Cement Land Deal in High Court

The Assam government informed the Gauhati High Court that it had adhered to the due process of law while leasing 3,000 bighas of land to Mahabal Cement for the establishment of an integrated cement plant in Dima Hasao district.Appearing before the court, State Advocate General Devajit Saikia clarified that construction activities would only begin after obtaining clearances from the Union Ministry of Environment and Forests as well as the Pollution Control Board. He presented a report from a government-appointed three-member committee which assessed the allotment’s legality, land suitability,..