AM/NS India eyes $250-300 mn gain from Essar group infra assets

11 Oct 2022 CW Team

ArcelorMittal Nippon Steel India (AM/NS India) anticipates a $250-300 million annual gain from synergies resulting from the proposed acquisition of infrastructure assets from the Essar group. AM/NS India and the Essar group had recently announced a definitive agreement for the joint venture of global steelmakers to acquire port and power assets for a net value of approximately $2.4 billion. The assets are primarily related to AM/NS' Hazira steel plant operations in Gujarat, and the gains will be substantial once the transaction is completed. Amit Harlalka, AM/NS India's deputy chief financial officer, stated that a gain of $250-300 million was expected on the current level of steel capacity, which is nine million tonnes per year (MTPA).

Also read:
BKT launches new tyre for snow and ice
Delhi International Airport to raise funds up to Rs 16 bn via debentures

Infrastructure Urban

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..