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15 Apr
06:58

AM/NS India secures Vizag's largest iron ore terminal

ArcelorMittal Nippon Steel India Ltd (AM/NS India) has successfully taken control of India’s largest ore handling complex at Visakhapatnam Port. This comes after receiving long-pending security clearance from the Union government, notes Kallanish. The deal, which was initially announced in 2022, involved the acquisition of a 16 million tonne/year capacity iron ore terminal from a unit of the Essar Group. The Visakhapatnam Port Authority played a crucial r…
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