- Thursday, March 06, 2025
By: Shubham Ghosh
ArcelorMittal Nippon Steel India (AMNS India), which is a joint venture between ArcelorMittal and Nippon Steel, is set to invest Rs 60,000 crore (£6.3 billion) to better the production capacity of its Hazira plant in the western Indian state of Gujarat. It currently produces nine million tonnes per annum (MTPA) and the plan is to raise it to 15 MTPA .
Prime minister Narendra Modi, who wished AMNS India over the expansion, was quoted as saying by Businessworld, “This project will create job opportunities in Gujarat and across India, apart from inspiring the manufacturing of high-grade steel while playing a critical role in reducing import dependence in critical and strategic applications.
“The company’s latest technology for this project will prove to be a milestone and provide a fillip to the Make in India and Atmanirbhar Bharat (self-reliant India) initiatives. I also congratulate AMNS India for giving utmost importance to green technology to contribute to the circular economy.”
The expansion of the plant in Gujarat comes almost three years after the setting up of AMNS India and will include upstream as well as downstream steelmaking expansion, according to the report, creating in the process more than 60,000 employment opportunities and aid nearby communities with initiatives that help sustainability.
“This project will be one of the largest investments in Gujarat in recent years and we remain impressed by the scale of the state’s ambition and the pace of its progress in becoming a global manufacturing hub,” Lakshmi Mittal, executive chairman, ArcelorMittal, was quoted as saying.
Aditya Mittal, CEO, ArcelorMittal and Chairman, ArcelorMittal Nippon Steel India, said, “Expansion to 15 MTPA is the natural next step for Hazira, a plant we have always said holds great potential to capture the growth opportunities presented by a growing domestic steel market in a rising Indian economy. Our own growth, in Hazira and across India, will be responsible growth, including an unwavering commitment to decarbonising our steel and the wellbeing of our people and communities, starting with safety”.
Gujarat chief minister Bhupendra Patel said, “We are proud that Gujarat remains the investment destination of choice. The ambitious expansion project by ArcelorMittal Nippon Steel India is a perfect start to a New Year in the state that has been leading the way in improving the Ease of Doing Business. The project will not only create jobs and economic activity in our state but also reinforces Gujarat’s position as a leading manufacturing hub, with stable, business-friendly policies and unrivalled infrastructure. I extend my best wishes to AM/NS India.”
