Posted on 18 Apr 2025
AMNS India plans to invest up to INR 2.6 trillion ($30.4 billion) to expand its production capacity to 40 million tonnes/year by 2035, as per a Times of India report.
The company's investment plans are hinged on a positive outlook for India’s infrastructure and automotive sectors, Kallanish notes.
India’s steel consumption of around 94 kg per capita is much lower compared to other regions like China at 660-670kg, the US at 600-700kg, Japan at 800-900kg, and South Korea at 1,100kg.
“There is a strong headroom for growth here,” the company’s director and vice president – sales and marketing, Ranjan Dhar, is quoted as saying. Dhar also notes the government’s massive investment push as part of its Viksit Bharat (Developed India) 2047 goals will require higher steel production.
AMNS India did not respond to Kallanish comment request on Thursday.
The steelmaker’s current production capacity stands at 9.6m t/y, but is expected to increase to 15.6m t/y by fiscal 2026 thanks to investment of INR 600 billion.
Separately, AMNS also announced its readiness to meet the Indian steel ministry’s green taxonomy mandate, which will roll out by fiscal 2027 (see separate article).
Source:Kallanish
