Nippon Steels’ Indian JV ArcelorMittal to invest Rs 410 billion
Steel

Nippon Steels’ Indian JV ArcelorMittal to invest Rs 410 billion

Nippon Steel, a Japanese company, announced y that an Indian joint venture between ArcelorMittal and Nippon Steel will invest Rs 410 billion to increase the capacity of its Hazira plant's production of crude steel by 6 million tonnes annually.

Their joint venture, AM/NS India, expects to open its Hazira factory in western India by the beginning of 2026. It will construct two blast furnaces as well as other facilities there.

The development aims to fulfil India's rising steel demand and capture a larger market share.

After the expansion, the Hazira plant's annual steel production capacity will reach over 15 million tonne.

Also read:
KEI has been powering requirements across a wide spectrum of sectors
Shyam steel readies to reach 1 million tonne by April 2023


Nippon Steel, a Japanese company, announced y that an Indian joint venture between ArcelorMittal and Nippon Steel will invest Rs 410 billion to increase the capacity of its Hazira plant's production of crude steel by 6 million tonnes annually. Their joint venture, AM/NS India, expects to open its Hazira factory in western India by the beginning of 2026. It will construct two blast furnaces as well as other facilities there. The development aims to fulfil India's rising steel demand and capture a larger market share. After the expansion, the Hazira plant's annual steel production capacity will reach over 15 million tonne. Also read: KEI has been powering requirements across a wide spectrum of sectors Shyam steel readies to reach 1 million tonne by April 2023

Next Story
Technology

Alligator Automations Cuts Design Effort by 50%

Alligator Automations India has reduced electrical design engineering effort by around 50 per cent after implementing WSCAD’s E-CAD solution. The company’s electrical engineering team now uses the platform for schematics, control cabinet design, and project documentation.Earlier, processes such as wire numbering, device grouping, and bill-of-materials generation were handled manually, leading to delays and higher error risks. With automation of these tasks, efficiency and accuracy have improved significantly. Wire numbering alone now takes nearly half the time, enabling engineers to focus ..

Next Story
Technology

Alligator Automations Cuts Design Effort by 50%

Alligator Automations India has reduced electrical design engineering effort by around 50 per cent after implementing WSCAD’s E-CAD solution. The company’s electrical engineering team now uses the platform for schematics, control cabinet design, and project documentation.Earlier, processes such as wire numbering, device grouping, and bill-of-materials generation were handled manually, leading to delays and higher error risks. With automation of these tasks, efficiency and accuracy have improved significantly. Wire numbering alone now takes nearly half the time, enabling engineers to focus ..

Next Story
Real Estate

Lulu Group Unit Fair Exports Buys Sunder Nagar Bungalow

Fair Exports, a subsidiary of Lulu Group, has purchased a bungalow in Sunder Nagar, New Delhi, for Rs 89.5 crore, equivalent to Rs 895 million (mn). The transaction was completed through a private sale and was reported by local media, and the reported sum converts the original figure into an easier comparator for investors. The acquisition highlights continued corporate interest in premium residential properties within central Delhi. The buyer is positioned to hold the asset as part of its portfolio. Sunder Nagar is a well established neighbourhood characterised by high end residences and prox..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement