 "steel, iron, metal, manufacturing, production, molten")
Reliance Industries is not the only company planning massive investments in a new business and other verticals. Several top companies, led by steel majors ArcelorMittal Nippon Steel India (AM/NS India), JSW Steel, Tata Steel and Hindalco, are planning to expand capacity in the next few quarters as demand from their customers rises.
AM/NS India, a joint venture between the world’s leading steel maker ArcelorMittal and Japan’s Nippon Steel, has plans of ramping up capacity to 30 million tonnes (mt) at an investment of Rs 85,000 crore. The current steelmaking capacity at Hazira in Gujarat is 9 mt; it will be ramped
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