Page 5 - Nippon Steel

CCI clears acquisition of Essar Group assets by ArcelorMittal Nippon Steel

The Competition Commission of India on Thursday approved acquisition of assets of Essar Group by ArcelorMittal Nippon Steel India Ltd.

AMNS India to invest $1 billion in downstream sector: Aditya Mittal

ArcelorMittal's arm AMNS India will invest USD 1 billion in the downstream sector, including in the expansion of its specialty steel portfolio, Aditya Mittal, Chairman of the Gujarat-based steel player, said on Tuesday. Mittal is also the CEO of parent company ArcelorMittal which holds 60 per cent equity in AMNS India. AMNS India in Hazira is well-positioned to capture the growth opportunities presented by the domestic steel market which has the potential to grow to 300 million tonnes per annum by 2030, the company official said addressing a group of investors and analysts of ArcelorMittal. According to a statement, this was the first such meeting since Luxembourg-based ArcelorMittal and Japan's Nippon Steel jointly acquired the asset in December 2019. In addition to volume growth, AMNS India is focussed on leading the decarbonisation of the Indian steel industry and will increase its production of high grade speciality steels in key growth sectors such as automotive and ...

Japan's Nippon Steel aims to almost double Indian unit's output capacity

The expansion plan comes despite a growing concerns about a slowdown in the global economy amid rising interest rates and weaker demand in top buyer China

AM/NS India to acquire infra assets from Essar Group for $2.4 billion

The ownership of port assets had been in courts since 2020 after AM/NS India moved the Gujarat High Court

AM/NS India Ebitda declines 39.9% in June quarter on lower shipments

Reports steel shipments of 1.51 MT in quarter, compared with 1.72 MT a year ago and 1.73 MT in previous quarter

AM/NS India to invest Rs 273 crore on zero liquid discharge at Hazira

ArcelorMittal and Nippon Steel joint venture has announced that it was in the process of investing Rs 273 crore for zero liquid discharge, other environmental initiatives at its Hazira steel complex

SAT quashes Sebi penalty of Rs 2,00,000 in ArcelorMittal Nippon Steel case

The ruling comes after an appeal was filed against the Sebi order that had levied Rs 2 lakh fine on Essar Steel for not making the requisite disclosure under LODR rules

AMNS India installing advanced CRM at Hazira plant under Rs 8,500-cr plan

The company is aiming to commission the CRM by 2024, ArcelorMittal Nippon Steel (AMNS) India said in a statement

AM/NS to invest over Rs 1 trn in a 24 mn tonne steel plant in Odisha

The company had earlier this year signed an MoU for setting up a 12 mt steel plant at Kendrapara, Odisha, at an investment of Rs 50,000 crore

We'll continue to invest majorly across the business: ArcelorMittal CEO

Aditya Mittal unveils a four-fold vision for joint venture with Nippon Steel in India, ArcelorMittal Nippon Steel India, of which he is also the chairman

ArcelorMittal Nippon Steel India EBITDA jumps 213% to $551 mn in Sept qtr

The EBITDA was lower than $607 million in the previous quarter, primarily due to a negative cost-impact, including higher iron ore and energy costs

ArcelorMittal Nippon Steel starts operations at iron ore mine in Odisha

Spread over 139.165 hectares, the block has estimated resources of 98.61 million tonnes and was the first to be auctioned under the Mineral Auction Rule, 2015

ArcelorMittal Nippon Steel India commissions 6 million tonne pellet plant

Capacity at Paradeep complex in Odisha reaches 12 mn tonnes, making it India's largest single-location pelletisation complex; AM/NS India's total pelletisation capacity now at 20 mn tonnes

ArcelorMittal Nippon Steel India EBITDA jumps 450% to $607 million

The company said Q2CY21 crude steel production remained stable at 1.8 million tonnes despite Covid-19 headwinds

ArcelorMittal Nippon Steel charts out 5-millon-tonne expansion in 3 years

The two phases of expansion at Hazira, Gujarat, along with downstream, are expected to cost Rs 50,000 crore

ArcelorMittal Nippon Steel India clocks 188% jump in Ebitda to $403 million

While announcing the earnings, which was the best in a decade for ArcelorMittal, the company said in the 1Q21, AM­NS India achieved solid production, annualising at 7.3 million tonnes (Mt)

Auto companies may see sharp increase in prices for steel contracts

Some have temporarily shut down units in the wake of rising Covid cases, but at least three major suppliers to the auto industry said the move was unlikely to impact negotiations

Sapan Gupta elevated as global legal head of ArcelorMittal, says official

Sapan was a senior partner at Shardul Amarchand Mangaldas, one of India's largest law firms

AM/NS India inks pact with Odisha govt for Rs 50,000-crore steel plant

The MoU for the Odisha plant comes shortly after AM/NS India completed a year of operations

ArcelorMittal Nippon Steel to set up Rs 50,000 cr integrated unit in Odisha

The plant, coming up at Kendrapara, is in addition to other investments of AM/NS in the state such as 6MTPA pelletization plant in Paradeep, beneficiation complex in Keonjhar and slurry pipeline