HomeBricks & MortarAM/NS India to Launch 2 Million Tonne Automotive Steel Capacity

AM/NS India to Launch 2 Million Tonne Automotive Steel Capacity

AM/NS India to Launch 2 Million Tonne Automotive Steel Capacity

ArcelorMittal Nippon Steel India (AM/NS India) is set to significantly expand its footprint in the domestic automotive steel market with the commissioning of a new 2 million tonne production capacity at its Hazira plant by March 2025. This move, which involves an investment of ₹85 billion, aims to eliminate India’s reliance on imported steel in the automotive sector, aligning with the government’s ‘Atmanirbhar Bharat’ initiative to strengthen the country’s self-sufficiency.

The new production capacity will be dedicated to manufacturing advanced automotive steel products. The expansion includes the installation of two key units: a Continuous Galvanizing Line (CGL) and a Continuous Galvanizing and Annealing Line (CGLA). These units will be equipped with cutting-edge technology, leveraging expertise from both ArcelorMittal and Nippon Steel, to produce high-strength steel with tensile levels reaching up to 1180 MPa in both coated and uncoated forms. The automotive industry in India currently consumes around 7.8 million tonnes of steel annually, a number expected to grow by 7 percent each year. However, approximately 15 percent of this demand is met through imports. With the new production lines in place, AM/NS India intends to reduce this import dependency and provide the industry with domestically produced, high-quality steel. The company has already made headway in this space, having supplied 1.2 million tonnes of auto-grade steel, with plans to capture 30-35 percent of the domestic auto-grade steel market.

Ranjan Dhar, Director and Vice-President of Sales and Marketing at AM/NS India, highlighted the importance of this expansion, noting that the move would not only meet growing demand but also offer a cost-effective solution for automakers, reducing the need for imports and improving India’s competitive edge in the global automotive market. In addition to the automotive steel project, AM/NS India has ambitious plans to ramp up its overall crude steel production capacity to 15 million tonnes per annum by 2026, a significant increase from its current capacity of 9 million tonnes. This expansion, which will involve an investment of over ₹600 billion, reflects the company’s long-term commitment to supporting India’s industrial growth. The company is also showcasing its advanced automotive solutions, including ArcelorMittal’s Multi Part Integration (MPI) solutions, at the Bharat Mobility Global Expo. These innovations promise to offer automotive manufacturers cost efficiencies, reduced production costs, and streamlined processes, positioning AM/NS India as a key player in the evolving automotive steel market.

RELATED ARTICLES
- Advertisment -spot_img

Most Popular

Recent Comments

Alibag Land Market Booms As Peninsula Launches Premium Plot Project

Alibag Land Market Booms As Peninsula Launches Premium Plot Project

0
Alibag’s growing appeal as a premium second-home and investment destination has received a new boost with Peninsula Land’s entry into the market. The real...
Mohali GMADA Proposes Rs800 Cut In Enhancement Charges For Sectors 76 To 80 Pending Comparative Study With Noida And Haryana Models

Mohali GMADA Proposes Rs800 Cut In Enhancement Charges For Sectors 76 To 80 Pending...

0
Mohali’s Greater Mohali Area Development Authority (GMADA) has proposed a significant reduction in enhancement charges for plot owners in Sectors 76 to 80, a...
Maharashtra Chief Minister To Deliver First Batch Of BDD Homes In South Mumbai On July 21

Maharashtra Chief Minister To Deliver First Batch Of BDD Homes In South Mumbai On...

0
Maharashtra Chief Minister is set to hand over the first completed flats under the BDD chawl redevelopment project in Worli on July 21, marking...
Piramal Realty Sells Sea Facing Mumbai Penthouse and Duplexes for Rs 100 Crore

Piramal Realty Sells Sea Facing Mumbai Penthouse and Duplexes for Rs 100 Crore

0
Piramal Realty has successfully closed one of the most high-value luxury real estate transactions in Mumbai, selling a sea-facing penthouse along with two duplex...
Mittal Builders Partner With HoABL To Build Rs 2000 Crore 11 Acre MMR Township

Mittal Builders Partner With HoABL To Build Rs 2000 Crore 11 Acre MMR Township

0
Mittal Builders has entered a joint development agreement with The House of Abhinandan Lodha (HoABL) to co-develop a 3 million sq ft integrated township...