Gujarat expansion project of ArcelorMittal Nippon Steel India begins
The ceremony was attended by PM Narendra Modi.
ArcelorMittal Nippon Steel India (AM/NS India) held a groundbreaking ceremony on Friday for its Rs 60,000-crore investment initiative to increase production capacity of its Hazira plant in Gujarat, from 9 million tonnes per annum (MTPA) to 15 MTPA.
The company said in a statement that it will accelerate the development of downstream facilities to produce value-added steels to reduce India's reliance on steel imports.
The Union Ministry of Environment, Forests, and Climate Change approved AM/NS India's Hazira expansion project after a detailed environmental impact assessment. According to the company, it has long-term ambitions to raise its capacity to 30 MTPA by 2030, supporting the government's National Steel Policy which envisions doubling domestic capacity to 300 MTPA by 2030.
Also read
ArcelorMittal India get environmental approval for Hazira expansion
RELATED ARTICLES
Bajaj Auto launches new Chetak 3503 at Rs 110,000
The Chetak 3503, with a claimed range of 155km, 63kph top speed and a slower charging time than its 35 Series siblings, ...
Hyundai walks the eco talk with biogas plant, material recovery plant in Gurugram
Operational since October 2022, the facility targets sustainable waste management in Gurugram by undertaking scientific ...
Rajiv Bajaj reappointed MD and CEO of Bajaj Auto for five-year term
Bajaj Auto’s Board of Directors has approved the re-appointment of Rajiv Bajaj as the company’s MD and CEO for another f...