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Kumaraswamy Discusses New Steel Plant in Andhra Pradesh

ArcelorMittal Nippon Steel to boost local steel production.

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9 months ago

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Union Minister for Heavy Industries and Steel, HD Kumaraswamy, held a crucial meeting with an Andhra Pradesh delegation in Delhi to discuss the establishment of a new steel plant by ArcelorMittal Nippon Steel Corporation in the state.

The meeting, attended by Andhra Pradesh Industries Minister TG Bharat, senior state officials, Amitava Mukherjee (Chairman and Managing Director of NMDC), and Dilip Oommen (CEO of ArcelorMittal Nippon Steel), focused on the proposed steel plant’s development and potential benefits for the state.

Kumaraswamy emphasized the importance of promoting new investments in the steel sector to reduce dependence on imported steel and strengthen India’s domestic production capabilities. This aligns with Prime Minister Narendra Modi’s vision of achieving an annual steel production target of 300 million tonnes by 2030.

He also noted that the central government has positively responded to ArcelorMittal’s commitment to invest in Andhra Pradesh, which will contribute significantly to the state’s economy and steel production sector. The meeting covered key topics such as capital investment, job creation, and steel production capacity.

The proposed integrated steel plant will be located in Anakapalli district, Andhra Pradesh, with an annual production capacity of 17.8 million tonnes. This plant is expected to play a pivotal role in supporting the nation’s growth and fulfilling its increasing demand for steel.

Kumaraswamy added that he had previously engaged in multiple discussions with Andhra Pradesh Chief Minister N Chandrababu Naidu about the project. The plant is expected to create substantial employment opportunities and boost the region’s industrial capabilities.

The project is a significant step toward India’s self-reliance in steel production, fostering long-term growth for the country and reinforcing the government’s commitment to the steel industry’s future.

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Jindal Stainless Launches First Stainless Steel Fabrication Unit in Mumbai

It will also serve as a centre of excellence for skill development, preparing India’s workforce for sustainable infrastructure projects.

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5 days ago

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October 7, 2025

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Jindal Stainless, India’s largest stainless steel manufacturer, through its subsidiary Jindal Stainless Steelway (JSSL), has inaugurated its first stainless steel fabrication unit at Washivali, Patalganga, Mumbai. The 4 lakh sq ft facility is designed to serve the bridge sector, fabricating critical components such as girders, arches, nuts, bolts, and handles. The unit was inaugurated by CEO & CFO Tarun Khulbe in the presence of senior leadership.

Developed with an initial investment of Rs 1.25 billion, the facility strengthens Jindal Stainless’ position as a provider of end-to-end fabrication solutions for India’s growing infrastructure sector. The unit is expected to scale from 4,000 tonnes in FY25 to 18,000 tonnes annually by FY26-27, creating over 250 direct jobs and benefiting 150+ families indirectly. It will also serve as a centre of excellence for skill development, preparing India’s workforce for sustainable infrastructure projects.

Abhyuday Jindal, MD, Jindal Stainless, said, “This fabrication unit represents another step in our efforts to provide integrated solutions for customers. Bridges are critical connectors, and this facility ensures end-to-end quality management for safer and longer-lasting structures.”

Tarun Khulbe, CEO & CFO, added, “By combining material excellence with skilled fabrication and streamlined processes, we are bridging the gap between stainless steel production and high-quality infrastructure delivery.”

Jindal Stainless has supplied stainless steel for landmark projects nationwide, offering corrosion-free, durable solutions with lifespans exceeding 100 years. The Mumbai facility marks the company’s entry into direct fabrication, offering complete solutions to infrastructure developers. Future expansions will include solar-powered operations, aligning with the company’s ESG goals and commitment to sustainable growth.

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Kretinsky Exits Thyssenkrupp Steel Stake as JV Plans Stall

Stake sale clears path for talks with India’s Jindal Steel

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6 days ago

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October 6, 2025

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Czech billionaire Daniel Kretinsky has sold his 20 per cent stake in Thyssenkrupp Steel Europe and abandoned plans for a 50:50 joint venture, the companies announced. The decision enables Thyssenkrupp to intensify discussions with Jindal Steel International for a possible acquisition.
The move follows stalled negotiations between Thyssenkrupp and Kretinsky’s EP Group amid union opposition. The European steel sector continues to face high energy costs, cheap Chinese imports and delayed hydrogen-based decarbonisation.

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Nippon Steel Buys 30% Stake In Canada’s Kami Iron Ore Project

Nippon Steel invests C$42 million in Canada’s Kami iron ore project.

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1 week ago

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October 3, 2025

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Japan’s largest steelmaker, Nippon Steel, has acquired a 30 per cent stake in Canada’s Kami iron ore project, forming a joint venture with Australia’s Champion Iron and trading house Sojitz to secure supplies of high-grade ore for direct reduced iron production.
Through its subsidiary NS Canadian Resources, Nippon Steel has paid C$42 million (Rs 2.5 billion) of the total C$150 million (Rs 9 billion) investment, with the remaining C$108 million (Rs 6.5 billion) subject to an additional investment decision based on a feasibility study.
The deal builds on a December agreement in which Nippon Steel and Sojitz purchased a 49 per cent interest in the project from Champion Iron for C$245 million (Rs 14.7 billion). Under the new joint venture, Kami Iron Mine Partnership, the companies will advance the feasibility study for the Newfoundland and Labrador project.
Nippon Steel said the project’s high-grade ore is ideal for producing direct reduced iron, which, together with high-quality scrap, is crucial for operating large electric arc furnaces. The company plans to expand such furnaces to lower carbon emissions as part of its decarbonisation strategy.

Having recently acquired U.S. Steel, Nippon Steel has been strengthening its stakes in coking coal and iron ore mines worldwide to ensure long-term security of critical raw materials. 

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