04
Mar
17:00
AMNS India secures power plant, iron ore mine
ArcelorMittal Nippon Steel (AMNS) India has acquired the 500MW Bhander Power plant from Edelweiss Asset Reconstruction Company. ArcelorMittal India (AMIPL) was also selected as preferred bidder for Thakurani iron ore mine in Odisha.
The Hazira-based power plant will be captive to AMNS India’s steelworks in the same location. It will help the steelmaker increase its self-sufficiency in power supply.
Meanwhile, Thakurani block in the district of Keonjhar, wit…
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Very good overview of the weekly steel market.
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