Arcelormittal Nippon Steel Targets 10 Lakh Tonnes Colour-Coated Steel Capacity by 2026
Aug 23, 2024 22:31
Arcelormittal Nippon Steel India aims to boost its colour-coated steel capacity to 10 lakh tonnes by 2026, aiming for a 27% market share. The company currently produces 7 lakh tonnes annually.
Photograph: Amit Dave/Reuters
Mumbai, Aug 23 (PTI) Arcelormittal Nippon Steel India on Friday said it is aiming to increase the colour-coated steel capacity to 10 lakh tonnes per year by 2026 from the present 7 lakh tonnes.
The company is aiming to grow its market share to up to 27 per cent from 20-22 per cent at present, the company said in a statement.
*****
Piramal Finance enters in co-lending tie-up with Central bank of India
* Non-bank lender Piramal Finance on Friday said it is entering into a co-lending tie-up with state-run Central Bank of India.
The partnership aims to provide accessible loans to middle and low-income borrowers in rural and semi-urban regions across India, according to a statement.
*****
Tata AIA launches new term plan
* Tata AIA Life has launched a new term plan offering benefits, including 15 per cent lower premium amounts for women.
The product christened 'Sampoorna Raksha Promise' also includes an instant payout of Rs 3 lakh on death claim notification and payment of half of the sum assured upon terminal illness diagnosis, according to a statement.
Rediff.com »
Market News » Arcelormittal Nippon Steel Targets 10 Lakh Tonnes Colour-Coated Steel Capacity by 2026
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.