ArcelorMittal Nippon Steel India signs MoUs worth Rs 1.66 lakh crore with Gujarat government

Steel major ArcelorMittal Nippon Steel India (AM/NS) has signed MoUs for six projects worth Rs 1.66 lakh crore with the Gujarat government. The MoU was signed by Gujarat additional chief secretary for industries Rajiv Gupta, and AM/NS India CEO Dilip Oommen, as part of the upcoming 10th edition of Vibrant Gujarat Global Investor’s Summit-2022. The […]

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ArcelorMittal confirms Liberia iron ore expansion to 15 million tonnes per year with potential to double

ArcelorMittal and the Republic of Liberia have signed an accord that will allow the steelmaker boost its logistics capability and ramp up its iron ore production in the west African country to 15 million tonnes a year, with a possibility for further expansion up to 30 million tonnes per year. Liberia and ArcelorMittal have signed […]

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NMDC’s Chhattisgarh steel plant demerger to be completed in the third quarter of FY 22

State-owned miner, NMDC Limited is expecting the demerger of its three-million tonnes per annum capacity steel plant being set up in Chhattisgarh to be completed by the third quarter of the current fiscal. Amitava Mukherjee, Director (Finance), NMDC in a recently held earnings call said the Board of Directors of the company is expected to give […]

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Tata Steel considering moving proposed plant to land earlier given to Arcelor Mittal – report

A year after world’s biggest steel giant, ArcelorMittal decided to back out from its much-hyped investment of $6.5 billion in a steel plant at Ballari, in India’s southern Karnataka state, Tata Steel is reportedly eying the 2,800 acres of land allocated to ArcelorMittal, the Deccan Heard newspaper reported. It quoted highly placed sources in the […]

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