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AMNS India to Ramp Up Capacity of Hazira Plant

Steel News - Published on Fri, 03 Jul 2020

Image Source: AMNS India
ArcelorMittal Chairman and CEO Mr LN Mittal told Gujarat Chief Minister Mr Vijay Rupani in a video-conference that ArcelorMittal Nippon Steel will invest INR 5,000 crore to ramp up the capacity at its Hazira plant to 8.6 million tonne and has plans to spend another INR 20,000 crore for its expansion in future.

AMNS India is a 60:40 joint venture between ArcelorMittal and Nippon Steel Corporation that owns integrated Hazira steel facility of erstwhile Essar Steel. AMNS acquired Essar Steel by paying INR 50,000 crore in December 2019 following an order by the Supreme Court.

Source :

Posted By : Yogender Pancholi on Fri, 03 Jul 2020
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