Page 4 - Nippon Steel
SAT quashes Sebi penalty of Rs 2,00,000 in ArcelorMittal Nippon Steel case
The ruling comes after an appeal was filed against the Sebi order that had levied Rs 2 lakh fine on Essar Steel for not making the requisite disclosure under LODR rules
 "SAT quashes Sebi penalty of Rs 2,00,000 in ArcelorMittal Nippon Steel case")
AMNS India installing advanced CRM at Hazira plant under Rs 8,500-cr plan
The company is aiming to commission the CRM by 2024, ArcelorMittal Nippon Steel (AMNS) India said in a statement
 "AMNS India installing advanced CRM at Hazira plant under Rs 8,500-cr plan")
AM/NS to invest over Rs 1 trn in a 24 mn tonne steel plant in Odisha
The company had earlier this year signed an MoU for setting up a 12 mt steel plant at Kendrapara, Odisha, at an investment of Rs 50,000 crore
 "AM/NS to invest over Rs 1 trn in a 24 mn tonne steel plant in Odisha")
We'll continue to invest majorly across the business: ArcelorMittal CEO
Aditya Mittal unveils a four-fold vision for joint venture with Nippon Steel in India, ArcelorMittal Nippon Steel India, of which he is also the chairman
 "We'll continue to invest majorly across the business: ArcelorMittal CEO")
ArcelorMittal Nippon Steel India EBITDA jumps 213% to $551 mn in Sept qtr
The EBITDA was lower than $607 million in the previous quarter, primarily due to a negative cost-impact, including higher iron ore and energy costs
 "ArcelorMittal Nippon Steel India EBITDA jumps 213% to $551 mn in Sept qtr")
ArcelorMittal Nippon Steel starts operations at iron ore mine in Odisha
Spread over 139.165 hectares, the block has estimated resources of 98.61 million tonnes and was the first to be auctioned under the Mineral Auction Rule, 2015
 "ArcelorMittal Nippon Steel starts operations at iron ore mine in Odisha")
ArcelorMittal Nippon Steel India commissions 6 million tonne pellet plant
Capacity at Paradeep complex in Odisha reaches 12 mn tonnes, making it India's largest single-location pelletisation complex; AM/NS India's total pelletisation capacity now at 20 mn tonnes
 "ArcelorMittal Nippon Steel India commissions 6 million tonne pellet plant")
ArcelorMittal Nippon Steel India EBITDA jumps 450% to $607 million
The company said Q2CY21 crude steel production remained stable at 1.8 million tonnes despite Covid-19 headwinds
ArcelorMittal Nippon Steel charts out 5-millon-tonne expansion in 3 years
The two phases of expansion at Hazira, Gujarat, along with downstream, are expected to cost Rs 50,000 crore
 "ArcelorMittal Nippon Steel charts out 5-millon-tonne expansion in 3 years")
ArcelorMittal Nippon Steel India clocks 188% jump in Ebitda to $403 million
While announcing the earnings, which was the best in a decade for ArcelorMittal, the company said in the 1Q21, AMNS India achieved solid production, annualising at 7.3 million tonnes (Mt)
 "ArcelorMittal Nippon Steel India clocks 188% jump in Ebitda to $403 million")
Auto companies may see sharp increase in prices for steel contracts
Some have temporarily shut down units in the wake of rising Covid cases, but at least three major suppliers to the auto industry said the move was unlikely to impact negotiations
 "Auto companies may see sharp increase in prices for steel contracts")
Sapan Gupta elevated as global legal head of ArcelorMittal, says official
Sapan was a senior partner at Shardul Amarchand Mangaldas, one of India's largest law firms
 "Sapan Gupta elevated as global legal head of ArcelorMittal, says official")
AM/NS India inks pact with Odisha govt for Rs 50,000-crore steel plant
The MoU for the Odisha plant comes shortly after AM/NS India completed a year of operations
 "AM/NS India inks pact with Odisha govt for Rs 50,000-crore steel plant")
ArcelorMittal Nippon Steel to set up Rs 50,000 cr integrated unit in Odisha
The plant, coming up at Kendrapara, is in addition to other investments of AM/NS in the state such as 6MTPA pelletization plant in Paradeep, beneficiation complex in Keonjhar and slurry pipeline
 "ArcelorMittal Nippon Steel to set up Rs 50,000 cr integrated unit in Odisha")
INOXAP bags contract for setting up ASU unit at AM/NS India's Hazira plant
Inox Air Products (INOXAP) said that the installation of the fifth ASU at Hazira will give shape to India's largest single operator onsite industrial gas complex on a build-own-operate (BOO) basis,
 "INOXAP bags contract for setting up ASU unit at AM/NS India's Hazira plant")
AM/NS buys Essar Steel's CPP under Sarfaesi, says lenders will recover 85%
The acquisition of EPORL was completed on Saturday. The move is yet another effort to make AM/NS India's operations self-reliant
 "AM/NS buys Essar Steel's CPP under Sarfaesi, says lenders will recover 85%")
AM/NS mulls steel plant in Odisha seven years after ArcelorMittal pull out
Plant capacity pegged at 12 mn tonnes, firm plans state-of-the-art of rail mill, hot strip mill, value-added long and flat product capacities in the state
 "AM/NS mulls steel plant in Odisha seven years after ArcelorMittal pull out")
A year of ArcelorMittal Nippon: A 'new type of steel company' in the works
Firm claims Covid has had no long-term impact, growth plans are on track and target of reaching 12-15 million tonne output remains
 "A year of ArcelorMittal Nippon: A 'new type of steel company' in the works")
AMNS India keen to expand India footprint if it gets conducive environment
In an interview with Ishita Ayan Dutt, ArcelorMittal Nippon Steel India CEO Dilip Oommen makes a case for curbs on export of iron ore amid a shortage for domestic markets
 "AMNS India keen to expand India footprint if it gets conducive environment")
ArcelorMittal-Nippon JV launches brands in HR steel, rolled plate segments
Products will be sold via the firm's hypermarkets and will largely target users in the MSME space
