Live
- IND vs BAN 1st Test: Jadeja and Ashwin Rescue India with Unbeaten Partnership on Day 1
- Coco Gauff and coach Brad Gilbert end partnership
- People will give certificate to BJP govt: Majhi
- Laos works to boost job employment in rural areas
- How Much Hair Colour is Too Much? Signs You May Be Overdoing It
- IND vs BAN: Ravichandran Ashwin, Ravindra Jadeja save India the blushes on day one
- How to Prepare for Rapid Aging at 44 and 60
- Jitan Ram Manjhi and his son studied in RSS school: Tejashwi Yadav
- Postpartum Hair Loss and Depression: Tips to Navigate Emotional Challenges
- Union Minister G Kishan Reddy welcomes the decision of the Cabinet to implement 'One Nation, One Election'
Just In
AM/NS India launches Magnelis® -- unique import substitute to power India's renewable energy transition
- Reduces import dependency, cuts delivery times, and supports Atmanirbhar Bharat
- Serves India’s solar sector; AM/NS India targets more than 50% market share
ArcelorMittal Nippon Steel India (AM/NS India) – a joint venture between ArcelorMittal and Nippon Steel, two of the world’s leading steelmakers – announces the launch of Magnelis®, a globally recognised steel brand with unparalleled corrosion resistance and self-healing properties.
The innovative steel brand was unveiled during a glittering event held on Monday in Mumbai. " target="_blank">Magnelis® – ArcelorMittal’s patented brand – is now being manufactured and distributed in India, thus boosting supply efficiency for strategically important, high-growth sectors such as renewable energy while reducing the country’s dependency on imported specialty steel products.
DILIP OOMMEN, CHIEF EXECUTIVE OFFICER (CEO), ARCELORMITTAL NIPPON STEEL INDIA (AM/NS INDIA), said, “The launch of Magnelis® in India is a testament to our commitment to fulfilling the nation’s growing demand for high-performance steel while contributing to the vision of Atmanirbhar Bharat. By producing this world-class, import-substitute steel; we are not only delivering quality infrastructure solutions but also contributing to accelerate India's clean energy transition. Magnelis® is the future of sustainable materials, and its introduction marks a significant step towards building the nation’s global-standard infrastructure."
RANJAN DHAR, DIRECTOR AND VICE-PRESIDENT OF SALES & MARKETING, ARCELORMITTAL NIPPON STEEL INDIA (AM/NS INDIA), said, “The launch of Magnelis® in India is a pivotal moment for us as this unique solution has proven its performance in global solar projects, contributing to 50 GW of installed capacity. The production of the new offering here is cutting down delivery time and drastically reducing logistics costs, thus providing domestic customers with a faster and more efficient solution for their infrastructure needs as India is stepping up its nation-building initiatives. Other end-use sectors include road infrastructure (crash barriers), agriculture infrastructure (grain silos, farm equipment) and construction (pre-engineered building structures)."
Magnelis® is an advanced alloy coated steel brand with a unique composition of Zinc, Aluminium, and Magnesium, offering exceptional corrosion resistance and self-healing properties. Previously, this high-end value-added steel was imported mainly from Korea, Japan, and China, often taking months for delivery.
AM/NS India has invested nearly ₹1000 crores to establish a production line for Magnelis® with a capacity of 5 lakh tonnes per annum at its flagship plant in Hazira, Gujarat. AM/NS India plans to capture more than 50% of the domestic market share for steel supplied to solar projects. The product’s proven performance in hostile environments makes it ideal for solar panel mounting systems and other renewable energy applications that will be integral to supporting India’s energy transition. AM/NS India is already in advanced discussions to supply Magnelis® to key players in India’s renewable energy and infrastructure sectors, including Adani Green Energy, Reliance Industries and NTPC. Such partnerships will ensure that Magnelis® is a cornerstone in building the next generation of renewable projects across the country.
© 2024 Hyderabad Media House Limited/The Hans India. All rights reserved. Powered by hocalwire.com