New Delhi, Apr 30 (BNP): ArcelorMittal Nippon Steel India has started operations of a new automotive steel production line at its Gujarat plant, aiming to boost local manufacturing and reduce dependence on imports.
The new Pickling Line and Tandem Cold Mill (PLTCM), with a capacity of 2 million tonnes per year, was inaugurated by Keiichi Ono. The facility will produce high-quality steel used in the automobile industry.
The company said the plant will help produce Advanced High Strength Steel (AHSS), which is widely used in modern vehicles to make them safer, lighter, and more fuel-efficient.
The facility is equipped with modern technology and will manufacture different types of automotive steel, including galvanised and press-hardened steel.
This project is part of the company’s ₹60,000 crore expansion plan at its Hazira site.
Ambassador Ono said the project reflects stronger cooperation between India and Japan and supports the “Make in India” initiative.
CEO Dilip Oommen said the new plant will reduce imports and support the growth of India’s auto industry.
India’s demand for automotive steel is about 7.8 million tonnes per year and is expected to grow in the coming years.
The company also announced leadership changes, with Dilip Oommen stepping down as CEO on June 30 and Amit Harlalka taking over from July 1.
