ArcelorMittal Nippon Steel to invest Rs 2.6L cr to up capacity

ArcelorMittal Nippon Steel (AM-NS) plans to invest $30 billion in India over the next decade, aiming to increase its steel production capacity to 40 MTPA. The company sees significant growth potential due to India’s lower per capita steel consumption compared to other major economies. Despite global trade uncertainties, AM-NS remains optimistic about India’s economic prospects and government infrastructure initiatives.