ArcelorMittal Nippon-backed AM Mining India completed the acquisition of Uttam Galva Steels.

AM Mining India, a part of ArcelorMittal Nippon Steel, completed the acquisition of Uttam Galva Steels, a downstream steel manufacturer in Maharashtra. Financial terms were not disclosed. Uttam Galva Steels has its manufacturing facilities at Khopoli, with an annual capacity of 1.2m tonnes per annum. The company is understood to have a wide basket of downstream value-added products, catering to various industries and distribution segments.