AMNS India Seeks Support for New Steel Plant in Eastern India
Financial Express reported that AM/NS India has approached Indian government seeking specific policy support to an ambitious plan to expand its
steel-making capacity in India with significant investments. The company is primarily evaluating the option of a large green field facility in eastern India, but may also opt for further expansion through the inorganic route. Senior representatives of AM/NS India have recently made a presentation to steel minister Mr Dharmendra Pradhan on the firm’s likely investment proposals in the country. They also explained to the minister the support that the company would be requiring, from the centre and the concerned state governments for the plans to materialise.
AM/NS India CEO Mr Dilip Oommen told FE “It was a fruitful meeting in which we explained our ambitions to expand our steelmaking footprint in India in the future. We also discussed with the minister the appropriate backdrop which would provide us with the confidence to make significant investment to fulfil the ambitious plans.”
AM/NS India has already announced a plan to enhance the finished steelmaking capacity at Hazira to 12-15 million tonne per annum from 6.5 million tonne per annum now. However, the larger plan is to expand its India footprint via a green-field facility in the eastern part of the country.