AMNS INDIA
AMNS India supplied 25,000 MT steel for Chenab Bridge project: Co statement
AMNS India proudly announces its significant contribution to the Chenab and Anji Khad Bridge projects, inaugurated by Prime Minister Narendra Modi. The company supplied 70% of the steel for the Chenab Bridge, totaling 25,000 metric tonnes, and fulfilled 100% of the Anji Khad Bridge's steel needs with 7,000 metric tonnes of customized fabricated structures.
Trump's new move could hammer India’s factories, and wreck exports and jobs
President Trump's decision to double tariffs on steel and aluminum imports to 50% has sparked global trade concerns, particularly for India's export sector, which faces potential job losses and revenue declines. While the UK secured an exemption, India is considering retaliatory measures and seeking a similar waiver amid ongoing trade negotiations with the US.
'India needs to be watchful of any trade diversion risk due to steel tariff challenges'
Indian steel industry executives are concerned about potential trade diversion into the country following the US's decision to double tariffs on steel and aluminum imports. JSW Steel and AMNS India emphasize the need for proactive trade measures to protect the domestic industry amidst rising imports and declining exports.
AMNS India eyes 25 pc share in domestic colour-coated market with new product line
AMNS India has launched Optigal Prime and Optigal Pinnacle, a new colour-coated steel product line, targeting infrastructure sectors like airports and railways, aiming for a 25% market share in the next few years.
AM/NS India to get Rs 28,000 crore sop from Andhra Pradesh for new steel plant
Andhra Pradesh government is set to provide incentives to Arcelor Mittal Nippon Steel (AM/NS) India. The incentives are worth up to Rs 28,000 crore. This is for the first phase of their integrated steel plant in the state. The plant will be located in Anakapalli. The initial capacity will be 7.3 million tonnes.
Dredging Corporation turns profitable with Q4 net at Rs 21 crore
Dredging Corporation of India (DCI) on Tuesday reported a net profit of Rs 21.39 crore for the March 2025 quarter, mainly on the back of increased income. It had posted a loss of Rs 25.97 crore in January-March period of preceding 2023-24 fiscal, the company said in an exchange filing.
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Dredging Corp plans to tap biz opportunities in foreign markets, says CEO Dubey
Dredging Corporation of India (DCI) is actively pursuing business opportunities in the Middle East, South East Asia, and South Asia, driven by a significant fleet shortage and rising demand. Domestically, DCI aims to capitalize on port expansions by major players like AMNS India, JSW Group, and Adani Group, along with opportunities in dam and reservoir maintenance.
ArcelorMittal begins clean energy supply from 1-GW Andhra project to AMNS India
ArcelorMittal has commenced supplying clean energy to AMNS India in Gujarat from its newly commissioned 1-gigawatt solar and wind project in Andhra Pradesh. This $0.7 billion venture, developed by AM Green Energy, aims to reduce AMNS India's carbon emissions by 1.5 million tonnes annually.
Odisha may produce over 1/3rd of steel in India by FY31: CM Mohan Charan Majhi
Odisha is poised to significantly increase its steel production capacity, aiming for 130 million tonnes by 2030-31 with investments from Tata Steel, JSW Steel, and Jindal Steel and Power. POSCO, in collaboration with JSW Steel, plans to establish a steel plant with a substantial investment.
India imposes 12% safeguard duty on some steel products imports for 200 days
India has implemented a 12% safeguard duty on specific steel products to control excessive imports, as indicated by a government notification. This action follows a recommendation by the Directorate General of Trade Remedies, prompted by concerns that increased imports are negatively impacting India's domestic steel industry.
ArcelorMittal Nippon Steel JV draws up big new plan for India, lines up Rs 2.6 lakh crore
ArcelorMittal Nippon Steel (AM-NS) is readying a massive $30-billion investment in India over the next decade, aiming to boost steel production capacity to 40 MTPA. This expansion is fueled by a positive outlook on India's infrastructure and automobile sectors as the JV seeks to capitalise on the country's lower per capita steel consumption compared to global leaders.
ArcelorMittal Nippon India to go green steel in a big way
ArcelorMittal Nippon Steel (AM/NS) India aims for 70% green steel production at its Hazira plant by 2027, aligning with India's green steel vision. This expansion, requiring a Rs 60,000 crore investment, targets 15.6 mtpa capacity with three-star green rating. Amidst US tariffs, calls for domestic steel industry protection are growing, with concerns about import surges.
AMNS India flags concerns over impact of US tariffs on domestic steel, aluminium industry
AMNS India echoes SAIL's concerns over potential US tariffs, fearing increased steel imports into India. Ranjan Dhar emphasizes the domestic industry's need for protectionism, stating the Indian market lacks the capacity for additional imported steel, especially from China. While a 25% safeguard duty was anticipated, the DGTR recommended a 12% duty, awaiting the finance ministry's final decision.
JSW Steel to expand capacity at Salav unit to 10 million tonne
JSW Steel, under Chairman Sajjan Jindal, will invest Rs 50,000-60,000 crore to expand its Salav Works unit in Maharashtra, aiming for a 10 million tonne capacity increase over three-four years. The Salav unit, now under JSW Green Steel, will primarily export to Europe, focusing on green steel production to meet Carbon Border Adjustment Mechanism requirements.
Andhra Cabinet approves Rs 1.35 lakh cr ArcelorMittal Nippon steel plant
The Andhra Pradesh Cabinet has approved a proposal for the establishment of a 17.8-million-tonne ArcelorMittal Nippon Steel India (AM/NS India) steel plant worth Rs 1.35 lakh crore. The project will be executed in two phases, generating employment for 20,000 people by 2029. The Cabinet also sanctioned multiple measures to support Vizag Steel Plant and promote the hospitality sector.
ArcelorMittal Nippon Steel starts buying land to build plant in Andhra
ArcelorMittal Nippon Steel India has started acquiring land in Rajayapeta, Andhra Pradesh for a new 17.8 million tonne steel plant. The project, costing ₹1.40 lakh crore, will begin with an initial capacity of 7.3 million tonne, funded by ₹80,000 crore. This is the first major greenfield steel plant in India since 2016.
AMNS India’s EBITDA slumps nearly 60% on year in June quarter
Operating profit at AMNS India – in which ArcelorMittal has a 60% equity interest – slipped by nearly three-fifth on year in the June quarter, weighed down by lower sales.
ArcelorMittal maintains global and India demand growth view
In its short-range outlook released last month, the World Steel Association said that it expects global demand to go up by 1.7% on year. AMNS India – in which ArcelorMittal has a 60% equity interest – produced 1.98 million, and sold 2.02 million tonne of steel during the March quarter.
AMNS India plans Rs 100 crore capital infusion to set up three scrap processing centres
ArcelorMittal Nippon Steel (AMNS) India is a 60:40 joint venture between Luxembourg-based global steel giant ArcelorMittal and Nippon Steel of Japan. When asked about the timeline, the official said as per the plan submitted to the board of AMNS India, all the three centres are to be set up by 2024.
AMNS India to invest $7.4 billion on capacity expansion, value addition
ArcelorMittal and Nippon Steel's joint venture, AMNS India, will invest $7.4bn in capacity expansion and increased value-added capabilities. The investment includes increasing the Hazira-based plant's upstream capacity to 15 million tonnes by 2026, alongside increased downstream facilities costing $1bn to meet rising demand from automobiles. The 9 million-tonne-per-year capacity plant will also establish slurry pipelines to link its mines with its beneficiation plants. AMNS India's Q1 sales increased by nearly 6% while crude steel production rose by 9%, and earning before interest, tax, depreciation and amortisation more than doubled year on year.
ArcelorMittal arm AMNS India to invest Rs 60,000 crore to expand Hazira plant: Chairman Aditya Mittal
The investment will also be for installation of new steel making technologies, setting up new-age machineries and increase product mix, he said. Mittal said a round-the-clock renewable energy source will also be set up to supply green energy to the plant.
AMNS India gets environmental clearance for Hazira plant expansion
According to the statement, the environmental clearance follows a detailed environmental impact assessment stipulated by the ministry. Its report was submitted to the Gujarat Pollution Control Board, which conducted a public consultation in July in Hazira under the chairmanship of the District Collector and Magistrate, Surat, whose findings were submitted to the Union Ministry for final approval.
AMNS India plans to make high-strength, coated steel under PLI Scheme
Steelmaker AMNS India is planning to manufacture speciality steel under the PLI Scheme, its Chief Marketing Officer (CMO) Ranjan Dhar has said. The Rs 6,322-crore production-linked incentive (PLI) scheme was notified by the government on October 22, 2021.
Steel maker AMNS India looking to foray into domestic renewable energy market
AMNS India is a 60:40 joint venture between Luxembourg-based ArcelorMittal and Nippon Steel of Japan. In 2019, the two foreign entities completed the acquisition of Essar Steel Limited plant located at Hazira in Gujarat, and later renamed it as ArcelorMIttal Nippon Steel (AMNS) India.
After Tata Steel, AMNS India plans to bid for state-owned RINL
"AMNS India is exploring this option," the source in the know of the development said while replying to a question that if the company would be interested in disinvestment-bound RINL.
AMNS India Q1 results: Earnings grow 2X to Rs 2,976 crore
"AMNS India has plans to debottleneck operations and achieve capacity of 8.6 million tonnes (MT) per annum and medium term plans to expand and grow to 14Mt per annum," the company said in its investor presentation on Thursday.
AMNS India signs pact with BITS to provide online engineering course to employees
"AMNS India recently signed a memorandum of understanding (MoU) with BITS-Pilani to provide a sponsored B.Tech Process Engineering degree through a work integrated learning programme without the need for a career break," it said.
ArcelorMittal Nippon Steel India inks Rs 5K cr pact with POSCO Maharashtra Steel to supply hot rolled coils
“POSCO Maharashtra Steel has been a valued customer for years and this MoU further strengthens our relationship with a promise to deliver smarter and better steel," said Dilip Oommen, Chief Executive Officer, ArcelorMittal Nippon Steel India (AMNS India) in a statement on Friday.
ArcelorMittal Nippon Steel India Q1 EBITDA at $140 million
AM/NS India received approval from NCLT Cuttak for its resolution plan for OSPIL.
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