Arcelormittal Nippon Steel India grows stronger as

self-reliant steelmaker

Growth ambitions of the steel sector, which aims to exceed 300 million tons by 2030–2031, have unlocked plenty of opportunities for the industry players with ArcelorMittal Nippon Steel India (AM/NS India) – a joint venture between two global steelmakers ArcelorMittal and Nippon Steel – committing to play a pivotal role in nation’s growth journey and contribute to ‘Atmanirbhar Bharat’ aspirations. The integrated steelmaker has been undertaking a series of initiatives – from carrying out the debottlenecking exercise, expanding its capacity, controlling inputs costs with effective supply chain management, to acquiring critical assets – all leading to strengthening its position as a self-reliant manufacturer.

The capacity and volume growth are being complemented by financial discipline and efficiency while the company tackled external headwinds with prudent and effective steps. Amit Harlalka, Chief Financial Officer, AM/ NS India, spoke to Tamajit Pain about the approaches and strategies that the company has been implementing to offer ‘Smarter Steels for Brighter Futures’, besides sharing his outlook for the company and the sector.

Since inception, AM/NS India has strengthened its portfolio as an integrated steel manufacturer and drawn plans to expand its operations. How has been the growth path and what is the plan going forward in both organic and inorganic ways?

We have made considerable progress in strengthening our operational and financial performance over the past three years. Today, AM/NS India is among the leading integrated steelmakers in the country, with a profitable business and a robust balance sheet, well-positioned to grow domestic market share and play a leading role in the growth of the Indian steel industry. We are committed to produce smarter steels with a promise of creating brighter futures.