Nippon Steel

Green clearance decision deferred for ArcelorMittal Nippon plant in Andhra

An Expert Appraisal Committee under the MoEFCC has deferred its decision on granting environmental clearance to ArcelorMittal Nippon Steel India Limited's proposed 8.2 million tons per annum steel plant at Anakapalli District of Andhra Pradesh, seeking some clarifications. AMNSIL has approached the Ministry of Environment, Forest and Climate Change (MoEFCC) seeking environmental clearance for its Rs 1.50 lakh crore steel plant. The EAC deliberated on the proposal in its meeting held on October 30. "In view of the foregoing and after detailed deliberations, the committee deferred the instant proposal, and asked Ind-1 sector to obtain a clarification from CP Division (Controller of Pollution) on applicability of GSR 85E to the instant proposal, in view of the fact that the site possessed an EC earlier," the EAC said in the Minutes of Meeting. The total capital cost of the Environmental Management Plan which will be incurred for the proposed integrated steel plant is estimated to be .

AM/NS India EBITDA up 34% in September quarter on higher shipments

ArcelorMittal Nippon Steel India's EBITDA rose to $217 million in Q3 2025 as steel shipments increased, though softer prices weighed on overall revenue

Nippon India Growth Mid Cap Fund: Running with the bulls, holding the reins

Capturing midcap energy without losing control of the charge

Investigation continues into Pennsylvania steel plant blast that killed 2

An explosion at a US Steel plant near Pittsburgh left two dead and sent at least 10 to hospitals Monday and heavily damaged the sprawling facility, officials said. One worker was pulled from the wreckage hours after the explosion sent black smoke spiraling into the midday sky in the Mon Valley, a region of the state synonymous with steel for more than a century. Allegheny County Emergency Services said a fire at the plant started around 10.51 am. Authorities later said a second person had died. The explosion, followed by several smaller blasts, could be felt in the nearby community and prompted county officials to warn residents to stay away from the scene so emergency workers could respond. It felt like thunder, Zachary Buday, a construction worker near the scene, told WTAE-TV. Shook the scaffold, shook my chest, and shook the building, and then when we saw the dark smoke coming up from the steel mill and put two and two together, and it's like something bad happened. **Cause unde

AM/NS India commissions auto steel line at Hazira plant to reduce imports

Hazira facility can produce high-strength steel of up to 1,180 MPa for automotive use; part of Rs 8,500 crore expansion to lift downstream capacity to 5 mt

Nippon India MF, BlackRock, others buy 10% stake in Sai Life for ₹1,505 cr

Nippon India Mutual Fund, BlackRock, Societe Generale, Morgan Stanley and others on Friday collectively bought a 10 per cent stake in Sai Life Sciences from US-based asset manager TPG for Rs 1,505 crore through open market transactions. Besides, Axis Mutual Fund (MF), Aditya Birla Sun Life MF, Invesco MF, Norway's Government Pension Fund Global, German multinational Allianz's arm Pimco, Axis Max Life Insurance, HDFC MF, Ghisallo Master Fund LP, UTI MF, DSP MF were among the buyers of Sai Life Sciences shares. These entities picked up more than 2.08 crore equity shares or 10 per cent stake in Hyderabad-based Sai Life Sciences, as per the block deal data on the BSE. The transaction, valued at around Rs 1,504.75 crore, was executed at an average price of Rs 722 apiece. Meanwhile, Nippon India MF picked up 49.86 lakh shares or 2.39 per cent holding in Sai Life Sciences. After the stake buy, Nippon India MF's stake in the company rose to 4.88 per cent from 2.48 per cent. Meanwhile, glo

Nippon steel acquires US steel for $14.9 bn with Trump-backed deal

Under the deal terms, Nippon bought 100% of US Steel shares at $55 per share, as it first laid out in its December 2023 offer for the well-known but struggling steelmaker

Nippon Steel investors weigh costs of $14 bn US Steel acquisition win

The first concern will be financing, necessary to fund both the all-cash acquisition and the promised investments, which range from upgrades to existing plants to a new steel mill

US Steel's $14.1 bn sale to Nippon set to close after Trump's agreement

As part of the $55-per-share deal, the Japanese company will invest an additional $11 billion by 2028, including an initial commitment in a greenfield project that would be completed after 2028

AMNS India supplied 70% steel for Chenab bridge, 100% for Anji Khad project

AMNS India has said it supplied 70 per cent steel for Chenab Bridge and 100 per cent steel for Anji Khad Bridge projects, which were inaugurated by Prime Minister Narendra Modi on Friday. AMNS India supplied 25,000 metric tonnes of high-strength structural steel, accounting for 70 per cent of the total steel used in the Chenab Bridge, the company said in a statement. This included specialised steel grades for different components, high-strength steel for the arch and tailored grades for the pillars, it said. For the Anji Khad Bridge, AMNS India said it has supplied about 7,000 metric tonnes of customised fabricated steel structures, meeting 100 per cent of the bridge's steel requirement. The steel for both projects was produced at its Hazira facility in Gujarat. Ranjan Dhar, Director and Vice President, Sales & Marketing, ArcelorMittal Nippon Steel India (AM/NS India), said, "The Chenab and Anji Khad Bridge is not just an engineering marvel but a symbol of India's advancing ...

US govt set to get golden share in US Steel-Nippon Steel acquisition deal

The plan, which would give the government de facto veto rights on certain company decisions and appointments, is part of ongoing talks between authorities and the companies

President Trump's backing for a Nippon steel deal leaves big questions

Donald Trump heralded a planned partnership between the two industrial heavyweights, claiming it would create at least 70,000 jobs - roughly five times US Steel's current American employees

Nippon Steel plans to invest $14 billion in US Steel's operations

The super-charged investment pledge, up from an initial $1.4 billion, was pitched as part of a last ditch effort to win approval of the merger

Ancora ends US Steel campaign after Trump orders review of Nippon Steel bid

The investor, which recently unveiled a plan that could deliver a cash offer of $75 per share, has said it had no intention of standing in the way of the $55 per share Nippon deal

AM/NS India makes initial payment for land to set up steel plant in Andhra

This mega steel plant will not only create substantial employment opportunities but also foster socio-economic development for the communities and beyond, says Andhra Pradesh CM Naidu

Nippon Steel to start talks with US Commerce Dept over US Steel bid: Prez

The Japanese company's previous merger agreement with US Steel, blocked by the administration of former President Joe Biden, will serve as a starting point for discussions, Prez Imai said

Nippon Steel considering 'bold' revision to US Steel buyout, says official

Nippon's pursuit of US Steel has stretched on for more than a year, with Trump condemning the proposal on numerous occasions

US Steel will get investment from Nippon, instead of being bought: Trump

President Donald Trump on Friday suggested that Nippon Steel would no longer buy U.S. Steel as planned, but the Japanese company would instead invest in the symbolically important American business. The U.S. president mistakenly referred to Nippon Steel as Nissan, the Japanese automaker. But it's Nippon Steel's bid that generated controversy as both Trump and his predecessor in the White House, Joe Biden, vowed to block the merger. Nippon Steel is going to be doing something very exciting about U.S. Steel, Trump said at a news conference with Japanese Prime Minister Shigeru Ishiba. They'll be looking at an investment rather than a purchase. It was unclear what the details of the investment would be, but Trump said he would meet with the head of Nippon Steel next week and he would be involved to mediate and arbitrate. Ishiba described the investment as mutually beneficial and said Japanese technology would be provided to U.S. Steel mills. Nippon Steel in December 2023 made what was

Donald Trump meets US Steel CEO to discuss deal with Nippon Steel

A $14.9 billion bid for US Steel by Nippon Steel was blocked last month by former President Joe Biden

AM/NS India set to commission two auto steel lines at Gujarat unit

The investment in the downstream unit is around $1 billion, which is part of a $7.4 billion capital expenditure aimed at increasing the upstream capacity at Hazira to 15 mt