ArcelorMittal Nippon Steel Commences Rs 60,000 Crore Expansion Project In Gujarat

ArcelorMittal Nippon Steel India (AM/NS India), a joint venture between ArcelorMittal and Nippon Steel, two of the world’s leading steelmakers, commenced a Rs 60,000 crore investment programme to increase production capacity of its Hazira plant in Gujarat.

This expansion project aims to expand the production capacity from nine million tonnes per annum (MTPA) to 15 MTPA and will involve upstream and downstream steelmaking expansion, creating more than 60,000 jobs.

The state-of-the-art facilities to be set up include blast furnaces, sintering facilities, coke furnaces for Ironmaking and basic oxygen furnaces, continuous casting machines for Steelmaking.

AM/NS India has a long-term goal to raise its national capacity to 30 MTPA in the coming decade, in sync with the government’s National Steel Policy that envisages doubling domestic capacity to 300 MTPA by 2030.

“AM/NS India will continue to contribute to the strengthening of India’s steelmaking expertise and capabilities, including the development of downstream facilities to produce value-added steels to reduce India’s reliance on steel imports for use in sectors such as defence, automotive and infrastructure,” the company said.

“Beyond volume growth and improving the quality and diversity of its steels, AM/NS India is also focused on efforts to lead the decarbonisation of the steel industry through initiatives such as integrating renewables into its energy supply chain and exploring the use of a range of lower-carbon technologies over the next decade,” it added.