News - African Industries

$600m Steel Plant Will Be Nigeria’s Highest Non-oil FDI – Gupta

December 25, 2019

The managing director of African Industries Group, Mr Alok Gupta, yesterday, said the company’s $600million Integrated Steel Plant will be Nigeria’s highest non-oil Foreign Direct Investment (FDI) when it begins operation.r Gupta said federal government’s plan to turn around its iron and steel sector will receive the desired boost with the establishment of the $600m Integrated Steel Plant in Kaduna State.

Nigeria charges investors in mines, steel to carry host communities along

November 24, 2019

The federal government on Monday charged investors especially in the mines and steel sector to ensure that they carried along their host communities before commencing operations.

COVID-19: CACOVID donates Incinerator, 260 Oxygen cylinder to LASG

March 9, 2019

The private sector Coalition Against COVID-19 (CACOVID), on Tuesday, fulfilled its pledge to the Lagos State Government by donating 260 medical oxygen gas cylinder and newly purchased Incinerator to Yaba Isolation centre in Lagos.

Raj Gupta Group Plans $600m Investment In Ore Mining, Steel Production- Minister

December 8, 2018

African natural Resources and Mines Limited is investing $600m in an integrated iron ore mining, processing and steel production project in Kagarko local government area of Kaduna State. Announcing the planned investment, Nigeria’s Finance Minister, Mrs. Zainab Ahmed, who hosted the company’s management, led by Indian businessman, Raj Gupta, in her Abuja office on Friday evening, said it is part of the government’s diversification from oil.

We’re changing Nigeria from import oriented country – Alok Gupta, CEO, African Industries Group

November 27, 2017

African Industries Group has been in the country for 46years, since 1971; From a humble beginning in 1971 as a small unit in Nigeria, we have diversified into as a manufacturing conglomerate producing and dealing in wide varying items like steel and steel products, power generation, glass, chemicals and industrial Raw materials, light engineering goods, plywood and other building and construction materials.

Addressing low capacity utilisation with steel exports

August 8, 2017

When mills are underused, they use raw materials less efficiently and producers are forced to reduce prices in the scramble to win orders and cover their high fixed operating costs. To avoid a situation where sub-standard steel rods dominate the market, a concern the Standards Organisation of Nigeria (SON) has raised, many operators are beginning to explore the regional market for exports. FEMI ADEKOYA writes.