Concrete

AM/NS to launch Rs 1.4 trillion steel project in Andhra Pradesh

Approximately 1,800 acre of land is readily available adjacent to the Nakkapalli bulk drug park and can be provided.

Published

6 months ago

November 5, 2024

admin

In the initial phase of the project, ArcelorMittal Nippon Steel plans to establish a blast furnace steel plant with a capacity of 7.3 million metric tonnes per annum (MMTPA) and an initial investment of Rs 800 billion. The company has requested 2,600 acre of land for this phase.

In the subsequent phase, AM/NS intends to increase capacity by an additional 10.5 MMTPA with an investment of Rs 600 billion and has sought an extra 2,000 acre of land. Approximately 1,800 acre of land is readily available adjacent to the Nakkapalli bulk drug park and can be provided.

Manoranjan Kumar, chief of ports operations and development at AM/NS, stated that the company plans to achieve a steel manufacturing capacity of 40 MMTPA by 2035. He mentioned that, as part of their expansion strategy, they were exploring coastal locations in Andhra Pradesh and Odisha. Kumar highlighted that the primary considerations for establishing a steel project are the availability of land and port facilities, both of which Nakkapalli meets.

A key requirement for AM/NS at Nakkapalli is a captive jetty. Kumar noted that having a jetty would facilitate the sourcing of raw materials globally at competitive prices, which is crucial for their expansion strategy. He emphasised that the site at Nakkapalli is particularly promising in this regard.

Up Next

Ambuja plans expansion through acquisitions

Don't Miss

Shree Cement and DPIIT Sign MoU to Boost Manufacturing Start-Ups

Concrete

UltraTech Cement boosts capacity with new clinker line

Published

3 weeks ago

April 21, 2025

admin

UltraTech Cement has commissioned a 3.35 million tonnes per annum (Mt/yr) brownfield clinker line and one of two 2.7Mt/yr cement grinding mills at its Maihar facility in Madhya Pradesh. The second mill is expected to be operational in Q1 of FY2026. The company has also expanded its Dhule (1.2Mt/yr) and Durgapur (0.6Mt/yr) grinding units and inaugurated its first bulk terminal in Lucknow with a 1.8Mt/yr handling capacity.

Concrete

Ambuja Cements gets a new CEO

Published

3 weeks ago

April 21, 2025

Roshna

Ambuja Cements has named Vinod Bahety as its CEO for a three-year term, following Ajay Kapur’s elevation to Managing Director. Bahety, formerly the company’s CFO, brings over 25 years of experience in finance and manufacturing, including a previous role as Group Head of M&A at Adani Group. Other key appointments include Rakesh Tiwary as CFO, Madhavi Isanaka as Chief Digital Officer, Vaibhav Dixit as Manufacturing Head, and Ashwin Raikundaliya as Chief Sustainability Officer.

Image source:www.exchange4media.com

Concrete

‘Sabse Khaas Pehelwan’ by Nuvoco

Published

3 weeks ago

April 21, 2025

admin

Nuvoco Vistas Corp has introduced Nuvoco Duraguard Cement ‘Sabse Khaas Pehelwan’, a one-of-a-kind wrestling championship aimed at honouring and nurturing Haryana’s proud wrestling legacy. The initiative offers budding wrestlers an opportunity to compete at a professional level, gain visibility and represent their districts in a prestigious state-wide competition. ‘Seedhi Baat Hai, Duraguard Khaas Hai’ is aligned with Nuvoco’s brand philosophy.