NMDC Steel to enter automotive steel segment; in talks with Ashok Leyland for supply from Nagarnar plant, says report
By Aditya Bhagchandani Published on June 27, 2025, 13:02 IST
NMDC Steel Limited is set to diversify into the automotive steel segment, becoming the fourth Indian company to manufacture automotive-grade steel after Tata Steel, JSW Steel, and ArcelorMittal Nippon Steel.
According to reports, the company will produce automotive steel at its Nagarnar plant in Chhattisgarh. This marks a significant milestone for NMDC Steel as it looks to expand its product portfolio beyond its existing offerings.
The company is also reportedly in discussions with Ashok Leyland for the supply of automotive steel, indicating its focus on establishing key OEM partnerships as it enters this competitive market segment.
This development is expected to enhance NMDC Steel's presence in the value-added steel segment and support the government's push for domestic sourcing in the auto manufacturing sector.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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