- Supported by technologically advanced parent companies, AM/NS India’s foray into the region will strengthen its efforts towards ‘Atmanirbhar Bharat’ Mission
- AM/NS India’s Hypermart network strategically spans several regions across the country,including Hazira, Taloja, Mangalore, Ghaziabad, Hyderabad, Coimbatore, Bengaluru, Ahmedabad, Ludhiana and Jodhpur
NE NEWS SERVICE
JAMMU, FEB 12
ArcelorMittal Nippon Steel India (AM/NS India) – a joint venture between two of the world’s leading steelmakers ArcelorMittal and Nippon Steel – marks the expansion of its business to Jammu and Kashmir (J&K) with the opening of its first Hypermart outlet on Friday. Located at Purmandal Morh in Jammu, the outletwill provide direct and immediate access of quality steel products to businesses operating in various segments such as infrastructure, housing, and Micro Small and Medium Enterprises (MSME).
Hypermart is AM/NS India’s integrated platform for retail, trade and last-mile sales of steel grades for diverse segments involved in a range of manufacturing activities, including the production of fabricators, engineering goods and auto components. Businesses across J&K will benefit from customisation of orders and a wide range of value-added steel products available through Hypermart.
Ranjan Prakash Thakur, Principal Secretary, Department of Industries & Commerce, Government of Jammu and Kashmir inaugurated AM/NS India’s latest Hypermart outlet and said, “We are delighted that ArcelorMittal Nippon Steel Indiamarks its footprint in J&K.Over the last year, we have accelerated the economic and industrial development of the region in an unprecedented manner. We have received formal investment proposals with detailed project reports to the tune of ₹ 50,000 crore.The entry of ArcelorMittal Nippon Steel India will surely help in fast-tracking the infrastructure and industrial development of the region, besides immensely benefitting the people. I am also confident that with the success of Hypermart, ArcelorMittal Nippon Steel India will further expand its operations, going forward.”
Alain Legrix, Director & Vice President – Sales & Marketing, ArcelorMittal Nippon Steel India, said, “We are pleased to have brought Hypermart to Jammu and Kashmir.We’re proud to bring our premium range of steel products to support infrastructure development and industrial activity in this important region of northern India. Businesses will now have direct access to a range of bespoke steel products, underpinned by the quality, value and technology.”
Ranjan Dhar, Chief Marketing Officer, ArcelorMittal Nippon Steel India, said, “The opening of our latest Hypermart in Jammu signifies our commitment to support the development of the Union Territory as one of the fastest growing regions in the country. Steel intensive infrastructure development is a proven model for rapid economic progress. Hypermart has been mandated to fulfil the steel needs of J&K. Supported by technologically advanced parent companies, our foray into the region will strengthen our efforts towards ‘Atmanirbhar Bharat’ Mission.”
AM/NS India’s Hypermart network strategically spans several regions across the country,including Hazira, Taloja, Mangalore, Ghaziabad, Hyderabad, Coimbatore, Bengaluru, Ahmedabad, Ludhiana and Jodhpur.The Hypermart division currently accounts for 20% of AM/NS India’s overall revenues and this share is expected to rise to 30%as the expansion plans for the network of outlets are underway.
