ArcelorMittal Nippon Steel India begins feasibility study for steel plant

11 May 2021 CW Team

ArcelorMittal Nippon Steel India (AM/NS India) has started a feasibility study with the Odisha government for its proposed 12 million tonne per annum (mtpa) integrated steel plant in the state's Kendrapara district.

As we have reported earlier, AM/NS India had signed a memorandum of understanding (MoU) with the Odisha government in March 2021 to set up a greenfield project in Kendrapara at an investment of Rs 50,000 crore.

AM/NS, in cooperation with the Odisha government has started a feasibility study, securing relevant permissions, land acquisition, developing logistics infrastructure, and other enabling conditions to plan for the project construction.

The Thakurani iron ore mines in Odisha, which AM/NS India won in an auction, are now producing at full capacity of 5.5 mtpa. The company's second pellet plant in Odisha is expected to be completed in April-June 2021, adding 6 mtpa to the company's total pellet production capacity of 20 mtpa, according to AM/NS.

AM/NS India is a 60-40 joint venture between Japan's Nippon Steel and Luxembourg-based ArcelorMittal.

Image Source

Also read: ArcelorMittal Nippon Steel to set up Rs 50,000-cr integrated unit in Odisha

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..