ArcelorMittal Nippon Steel India Pursues $1 Billion Loan

25 Apr 2024 CW Team

ArcelorMittal Nippon Steel India (AM/NS India) is reportedly in discussions with banks to secure a $1 billion loan to support its operations and expansion plans. The loan, if finalised, will provide financial backing to AM/NS India as it seeks to bolster its presence in the Indian steel market.

The discussions come amidst AM/NS India's efforts to ramp up production and enhance its capacity to meet the growing demand for steel in India. The loan proceeds are expected to be utilised for various purposes, including funding capital expenditure projects, debt refinancing, and working capital requirements.

AM/NS India, a joint venture between global steel giants ArcelorMittal and Nippon Steel Corporation, has been actively investing in its Indian operations to strengthen its position in the domestic steel industry. The company operates multiple steel plants across India and has been expanding its product portfolio to cater to diverse customer needs.

The proposed $1 billion loan reflects AM/NS India's confidence in the long-term prospects of the Indian steel market and its commitment to furthering its growth trajectory in the country. The loan facility, if secured, will provide the company with additional financial flexibility to execute its strategic initiatives and capitalise on emerging opportunities in the sector.

The discussions with banks underscore the robust financing environment for steel companies in India, driven by strong demand fundamentals and favourable market conditions. AM/NS India's pursuit of a $1 billion loan reaffirms its commitment to driving innovation, efficiency, and sustainability in the Indian steel industry while delivering value to its stakeholders.

Infrastructure Energy

28 Aug 2025

REC Hosts 56th AGM, Highlights Record Growth and Sustainability

REC Limited conducted its 56th Annual General Meeting (AGM) today through video conferencing, chaired by Jitendra Srivastava, Chairman & Managing Director. The meeting highlighted the company’s record operational and financial performance during the year, along with its strong focus on sustainability and ESG-led initiatives.Jitendra Srivastava, Chairman & Managing Director, in his address noted that REC achieved significant milestones during the year, strengthening its position as a performance-driven public financial institution. Loan sanctions stood at Rs 3.37 trillion, with disbur..

ADGBR Reviews Road Projects under Project Vartak

Additional Director General Border Roads (ADGBR) Jitendra Prasad conducted a four-day review of ongoing road and bridge construction works under Project Vartak in the area of responsibility (AoR) of the 42 Border Roads Task Force (BRTF) from 19 to 22 August.Prasad inspected key infrastructure projects including the Balipara–Charduar–Tawang (BCT) road, Sela–Chabrela–Banga Janga Gonpa road, Banga Janga Gonpa–Lagamche GG road, the Sela tunnel, and multiple roads in the Nelya sector.At various construction sites, project officials briefed him on project scope, progress, timelines, and op..

Nitin Gadkari Launches Three Highway Projects in Madhya Pradesh

Union Minister for Road Transport and Highways, Nitin Gadkari, laid the foundation stone for three National Highway (NH) projects in Madhya Pradesh on 24 August. According to the Ministry of Road Transport and Highways (MoRTH), the projects are designed to reduce travel time, ease congestion, enhance road safety, and improve connectivity across key corridors.The first project covers the four-laning of the 17.87 km Amazhar–Barela stretch, completing the Jabalpur Ring Road. The upgrade will divert heavy vehicles away from the city, reduce accident risks, and ensure smoother connectivity from A..