Business
Andhra Pradesh: ArcelorMittal Nippon Steel To Expand Vizag Pellet Plant Production Capacity With An Investment Of Rs 1,000 Crore
Swarajya Staff
May 25, 2022, 10:07 AM | Updated 10:06 AM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
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.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.