ACME To Invest Rs 50 Billion In Green Iron Production

14 Oct 2025 CW Team

ACME Group plans to invest Rs 50 billion to establish a direct reduced iron (DRI) facility, according to industry sources familiar with the development.

In the first phase, the company will set up a 1.2 million tonnes per annum (MTPA) plant to produce green hot briquetted iron (HBI) and green direct reduced iron (DRI) — key raw materials for the production of green steel.

“Our greenfield facility will produce some of the lowest carbon-emission green HBI and DRI products, underscoring our unwavering commitment as a leader in clean technology solutions in India,” said Manoj Kumar Upadhyay, Chairman of ACME Group. He did not, however, disclose further details regarding the investment structure or project location.

The proposed facility is being considered either in India or Oman, near one of the group’s existing operational sites.

ACME is already in the process of developing a green hydrogen plant in Odisha and is in the advanced stages of constructing another such facility in Oman, aimed at boosting the company’s presence in global green energy markets.

Headquartered in Gurugram, ACME Group’s renewable energy portfolio spans solar, wind, hybrid, and dispatchable clean energy solutions. The group’s operational solar capacity currently stands at 2,700 MW, with additional projects under development.

The new investment marks a significant step in ACME’s transition from a renewable power producer to a fully integrated green energy and materials company, supporting India’s efforts to decarbonise the steel industry and achieve its Net-Zero targets.

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..