ArcelorMittal and Nippon Steel India together launch Magnelis

19 Sep 2024 CW Team

ArcelorMittal Nippon Steel India (AMNS India), a joint venture between ArcelorMittal and Nippon Steel, announced the launch of Magnelis, a steel brand renowned globally for its corrosion resistance and self-healing properties. Magnelis, ArcelorMittal's patented brand, is now being produced in India, enhancing supply efficiency for key sectors like renewable energy and reducing the nation's reliance on imported specialty steel products.

Dilip Oommen , CEO, AMNS India highlighted that the launch of Magnelis aligns with India's Atmanirbhar Bharat initiative. By producing this high-performance steel domestically, the company aims to support India's clean energy transition and enhance the country's infrastructure. "Magnelis is the future of sustainable materials," Oommen added, emphasising its role in building infrastructure to global standards.

Magnelis is an alloy-coated steel featuring a unique blend of zinc, aluminum, and magnesium, providing exceptional corrosion resistance and self-healing capabilities. Previously, this high-value steel was primarily imported from countries like Korea, Japan, and China, leading to lengthy delivery times.

AMNS India has invested nearly Rs 10 billion to set up a production line for Magnelis, with an annual capacity of 5 lakh tonnes at its Hazira plant in Gujarat. The company aims to secure over 50% of the domestic market share for steel used in solar projects.

(Uniindia News Service)

Infrastructure Energy

17 Sep 2025

Invenia Wins Rs 3.6 Billion Contract for PowerGrid Data Centre

Invenia-STL Networks Limited, a leading digital infrastructure and IT services company, announced it has secured a major contract worth over Rs 3.6 billion from PowerGrid Teleservices Limited (PowerTel), a wholly owned subsidiary of the Power Grid Corporation of India Limited (PGCIL), the nation’s largest electric power transmission utility.Under the agreement, Invenia will design, build, commission and maintain the complete IT and cloud infrastructure for a greenfield Tier III data centre at PowerGrid’s Manesar facility. In addition, Invenia will establish a Disaster Recovery Data Centre ..

Vikram Solar Secures 200 MW Order to Expand India’s Solar Capacity

Vikram Solar, one of India’s leading solar PV module manufacturers, has announced a major order of 200 MW high-efficiency solar modules from AB Energia, a specialist in end-to-end EPC solutions for commercial and industrial (C&I) solar projects. The modules, rated at 590 Wp and above, will be deployed across Maharashtra, Madhya Pradesh and Gujarat — three solar-progressive states accelerating their adoption of clean energy.Under this order, Vikram Solar will supply its advanced M10R N-Type TOPCon modules, designed for superior performance, reliability and higher energy yield. Deliverie..

Shriram Properties Backs Neerathon 2025 to Promote Water Conservation

Shriram Properties Limited (SPL), one of India’s leading residential developers in the mid-market and mid-premium segments, reaffirmed its commitment to sustainability and community welfare by supporting IPA Neerathon 2025 in Chennai as the Title Sponsor. The event, which attracted thousands of participants across 10K, 5K and 3K categories at Island Grounds, was more than a race — it was a movement for water conservation and environmental stewardship.For SPL, this partnership aligns with its long-standing efforts to support initiatives beyond real estate, promoting sustainable communities ..