Saturday, Mar 22 2025 | Time 11:37 Hrs(IST)
Business Economy


AM/NS India to commission two production lines this year

AM/NS India to commission two production lines this year

New Delhi, Jan 19 (UNI) ArcelorMittal Nippon Steel India (AM/NS India), a joint venture between ArcelorMittal and Nippon Steel, on Sunday said that it will commission this year two production lines dedicated to manufacturing advanced automotive steel products.

"Once operational, the production of the two units will substitute imports of high-end steel required by the entire automotive sector, promoting the ‘Atmanirbhar Bharat’ initiative. In addition, all the products will match the quality standards of parent companies—ArcelorMittal and Nippon Steel. Some of the offerings currently available globally will also be manufactured for the first time in India," the company said in a media release.

The new lines—a Continuous Galvanising Line (CGL) and a Continuous Galvanising and Annealing Line (CGAL), embedding the technical know-how of the parent companies—are expected to be fully operational in 2025. These two facilities will be part of the upcoming Cold Rolling Mill 2 (CRM2) complex at its flagship plant in Hazira, Gujarat.

The two units will enable the production of ArcelorMittal as well as Nippon Steel’s licensed products, with strength levels up to 1180 MPa, in both coated and uncoated steel.

The expansion aims to meet the growing demand for high-quality, value-added automotive steel in India, which currently stands at 7.8 million tonnes per annum (MTPA) for flat steel and is projected to grow by 6-7% annually.

Dilip Oommen, Chief Executive Officer of ArcelorMittal Nippon Steel India (AM/NS India), said,“This expansion plays a key role in our strategy to strengthen the country’s steel ecosystem and boost global competitiveness, thereby reinforcing the ‘Atmanirbhar Bharat’ initiative.”

UNI NK ARN

More News
Rupee ends strong at 85 98 paise against USD; 1- month-high

Rupee ends strong at 85 98 paise against USD; 1- month-high

21 Mar 2025 | 8:54 PM

Mumbai, Mar 21 (UNI) The rupee on Friday registered gains of 39 paise to close at 85.98, a one-month-high against the US dollar because of dollar inflow, dealers at the Forex market said.

see more..

Kottayam-Kochi Rubber Market Rates

21 Mar 2025 | 8:30 PM

Kottayam, Mar 21 (UNI) Following were the Rubber Market rates announced by the Rubber Board here on Friday per quintal.

see more..

Women form 64 4 pc of agri workforce, yet 6 pc-10 pc work in top agri companies : Report

21 Mar 2025 | 7:39 PM

Kolkata, Mar 21 (UNI) Women constitute 64.4 per cent of India’s agricultural workforce, yet only 6 per cent to 10 per cent are employed in top agri and agri-related companies.

see more..
RBI imposes penalty on IDBI Bank and Citibank

RBI imposes penalty on IDBI Bank and Citibank

21 Mar 2025 | 7:24 PM

Mumbai/New Delhi, Mar 21 (UNI) The Reserve Bank of India has imposed monetary penalties onIDBI Bank Limited and Citibank under the Foreign Exchange Management Act (FEMA). it said in a statement on Friday.

see more..

Air India announces inauguration of its newly created Air India CODi

21 Mar 2025 | 6:58 PM

Kolkata, Mar 21 (UNI) Air India has announced the inauguration of its newly created Air India Centre of Digital Innovation (CODi) in Kochi.

see more..