Nippon

Odisha Chief Minister Naveen Patnaik, who is on a tour to Japan, visited the Kimitsu Steel Works of Nippon Steel Corporation on Thursday and discussed the use of green technology for the company's proposed facilities in the state. The plant in the east Asian country was established on land reclaimed from the sea and used environmentally sustainable green technologies, Patnaik was informed by the company, according to an official release issued by the Chief Minister's Office. Kimitsu facility produces diversified specialised steel products for various industries like automobiles. Patnaik appreciates the plant and discussed the use of similar green technologies for the plants coming up in Kendrapara and Jagatsinghpur districts (of Odisha), the CMO release said. The proposed plants will also focus on specialised steel products which will enable downstream industries in Odisha, it said. The state delegation's visit to the Kimitsu Steel Works provided an opportunity for officials to le

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Nippon Life India Asset Management Ltd (NAM India) on Monday reported an 18 per cent increase in the profit after tax (PAT) to Rs 205 crore for three months ended December 2022. In comparison, the company had a PAT of Rs 174 crore in the year-ago period, NAM India said in a statement. Also, the company's total income increased to Rs 416 crore in the quarter under review from Rs 369 crore in the third quarter that ended December 2021. "While Q3 was a volatile quarter with a positive bias from a macro standpoint, we grew our assets in the desired segments and increased profitability, driven by emphasis on 'investors' interest', aided by superior fund performance, strong risk management and granular distribution base," Sundeep Sikka, CEO at NAM India, said. Nippon Life India Asset Management is an asset manager of Nippon India Mutual Fund (NIMF). As on December 2022, NAM India's assets under management were Rs 3.6 lakh crore, which include Nippon India Mutual Fund asset base of Rs 2.

As of December 2022, Nippon India was the seventh-largest mutual fund in India with assets under management of 2.9 trillion rupees ($35.46 billion) as well as the biggest foreign-owned mutual fund

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ArcelorMittal Nippon Steel India (AM/NS India), a joint venture between ArcelorMittal and Nippon Steel, reported a 62.98 per cent year-on-year drop (YoY) in EBITDA

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