Gujarat expansion project of ArcelorMittal Nippon Steel India begins

The ceremony was attended by PM Narendra Modi.

Autocar Pro News Desk By Autocar Pro News Desk calendar 29 Oct 2022 Views icon4374 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Gujarat expansion project of ArcelorMittal Nippon Steel India begins

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. 

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