ArcelorMittal Nippon Steel Eyes $1 Billion Loan

25 Apr 2024 CW Team

ArcelorMittal Nippon Steel India (AM/NS India) is reportedly in talks to secure a loan of up to $1 billion from a consortium of banks. The loan is intended to support the company's ongoing expansion plans and strengthen its operations in India's steel sector.

The discussions come at a time when AM/NS India, a joint venture between ArcelorMittal and Nippon Steel Corporation, is ramping up its presence in the Indian market. The company has been actively investing in capacity expansion and modernization projects to meet the growing demand for steel in the country.

The proposed loan, if secured, would provide AM/NS India with additional financial resources to fund its expansion initiatives and enhance its competitiveness in the Indian steel industry. It is expected to be structured as a long-term facility, enabling the company to execute its strategic growth objectives effectively.

AM/NS India operates a state-of-the-art integrated steel plant in the state of Gujarat, with a production capacity of 10 million tonnes per annum. The company has been focused on leveraging its technological capabilities and operational expertise to deliver high-quality steel products to customers across various sectors, including automotive, infrastructure, and manufacturing.

The discussions with the consortium of banks reflect AM/NS India's commitment to strengthening its financial position and supporting its long-term growth ambitions in India. As the country continues to invest in infrastructure development and urbanisation projects, the demand for steel is expected to remain robust, providing significant opportunities for AM/NS India to further expand its market presence and contribute to the nation's economic growth.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..