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 […]
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 […]
ArcelorMittal Nippon Steel India (AM/NS India) has commenced operations at the Ghoraburhani- Sagasahi iron ore mine in the district of Sundargarh in Odisha. Spread over 139.165 hectares, the block has estimated resources of around 98.61 million tonnes and was the first to be auctioned under the Mineral Auction Rule, 2015. The captive mine is set […]
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 […]
One of India’s steel majors, Jindal Steel, plans to set up an integrated steel plant with 2.25 million tonnes capacity in the SPS Nerol district of Andhra Pradesh announced the state government. The State Investment Promotion Board (SIPM) chaired by Chief Minister Y.S. Jagan Mohan Reddy has allotted 860 acres of land to Jindal Steel […]
After seeing many highs and lows in its three decades of existence so far, Visakhapatnam Steel Plant is once again at a crossroads with the Centre proposing a 100 per cent ‘strategic sale’. But workers and people of Visakhapatnam district and few across the State are trying to save the biggest Central Public Sector unit […]
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 […]
