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Andhra Pradesh: ArcelorMittal Nippon Steel To Expand Vizag Pellet Plant Production Capacity With An Investment Of Rs 1,000 Crore
An ArcelorMittal Steel Plant (Representative Image) (Sean Gallup/Getty Images)
ArcelorMittal Nippon Steel (AM/NS) India, a joint venture of ArcelorMittal and Japan's Nippon Steel, has announced an investment of Rs 1,000 crore for expansion of its pellet plant at Vizag in Andhra Pradesh.
After the planned expansion, the pellet production capacity at Vizag plan will increase by 35 per cent, from 8 million tonnes per annum (MTPA) to 11 MTPA.
According to the company, the Vizag pellet plant is already linked to a slurry pipeline in Chattisgarh, ensuring a clean and efficient method of transportation of raw materials needed for pelletisation from source to the plant, reports Economic Times.
The expansion project is intended to be completed in 2023, subject to securing environmental clearance in the coming months, the company said.
AM/NS India's parent company, ArcelorMittal, has recently announced development of a 'round the clock' renewable energy project with 975 MW of nominal capacity in Andhra Pradesh.
The project, involving investment of more than Rs 4,600 crore will combine solar and wind power and be supported by Greenko’s hydro pumped storage project, which helps to overcome the intermittent nature of wind and solar power generation.
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