# ArcelorMittal Nippon Steel India signs Rs 5,000 crore supply pact with POSCO Maharashtra Steel

ArcelorMittal Nippon Steel India signed a memorandum of understanding with POSCO Maharashtra Steel to supply hot rolled coils worth Rs 5,000 crore. The agreement was signed on January 27, 2021 in Mumbai.

- Type: Contract
- Announced: 2021-01-29
- Where: Mumbai, India
- Value: $680.0M (50.0B INR)
- Status: announced
- Products: hot rolled coils
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal Nippon Steel India](https://endata.com/companies/52901.md)
- [ArcelorMittal Nippon Steel India](https://endata.com/companies/52901.md) (customer)
- [POSCO Maharashtra Steel](https://endata.com/companies/52902.md) (customer)
- [Inox Air Products](https://endata.com/companies/53085.md) (supplier)

## Sources

- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/arcelormittal-nippon-steel-india-inks-rs-5k-cr-pact-with-posco-maharashtra-steel-to-supply-hot-rolled-coils/articleshow/80571070.cms), 2021-01-29: "POSCO Maharashtra Steel has been a valued customer for years and this MoU further strengthens our relationship with a promise to deliver smarter and better steel."
- [business-standard.com](https://www.business-standard.com/article/companies/inoxap-bags-contract-for-setting-up-asu-unit-at-am-ns-india-s-hazira-plant-121020700592_1.html), 2021-02-07: "Inox Air Products (INOXAP) said that the installation of the fifth ASU at Hazira will give shape to India's largest single operator onsite industrial gas complex on a build-own-operate (BOO) basis"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.