# AM/NS India invests Rs 1,000 crore in new Magnelis production line at Hazira

ArcelorMittal Nippon Steel India invested nearly Rs 1,000 crore to set up a production line for Magnelis at its Hazira plant in Gujarat. The line has a capacity of 500,000 tonnes per annum.

- Type: Expansion
- Announced: 2024-09-18
- Where: Hazira, Gujarat, India
- Value: $120.0M (10.0B INR)
- Status: completed
- Capacity: 500,000 tonnes per annum
- Products: Magnelis (zinc-aluminium-magnesium alloy coated steel)
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal Nippon Steel India](https://endata.com/companies/52901.md)

## Sources

- [business-standard.com](https://www.business-standard.com/companies/news/am-ns-india-invests-nearly-rs-1-000-crore-in-new-value-added-product-line-124091801075_1.html), 2024-09-18: "ArcelorMittal Nippon Steel India has invested nearly Rs 1,000 crore in its Gujarat plant to set up a production line for Magnelis."

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