ArcelorMittal Group to infuse Rs 20,000 cr in Gujarat

Investment will be for further expansion of capacity enhancement

ArcelorMittal, Gujarat, Steel expansion, Supreme Court, Paradip, Integrated steel plant, Essar Steel, Captive port, Railway connectivity, Hazira, AMNS, Port-based steel plant

The ArcelorMittal Group will infuse Rs 20,000 crore on capacity expansion and infrastructure in Gujarat.

The investment will be for further expansion of capacity enhancement in terms of land availability, captive port, railway connectivity, and incentive structure for mega investments.

There are also ongoing expansion investments of Rs 5,000 crore to take Essar steel plant capacity to 8.6 million tpa. ArcelorMittal and its partner Nippon Steel acquired Essar Steel by paying Rs 50,000 crore in December 2019 following a favourable order by the Supreme Court.

Besides the integrated plant in Hazira, Essar Steel also has a six million tpa pellet plant in Paradip. AMNS is a port-based steel plant in India, thus captive port’s uninterrupted operations are essential.

Most Popular

Awards

Olympia Group announces to build up 1.1mn sq-ft greenfield it park in Guindy
The project will have a total investment of about Rs 750 crore

Conferences

Vital pre-monsoon building works resume in Maharashtra
The state government has permitted pre-monsoon work by BMC and other agencies

Latest Issue

Sept 2020
01 Sep 2020