ArcelorMittal plans to set up 4.5 GW solar park in Rajasthan

02 Sep 2021 CW Team

Steel manufacturing and mining major ArcelorMittal is planning investments for setting up solar energy parks in Gujarat and Rajasthan.

Group chairman of ArcelorMittal, Lakshmi Niwas Mittal, met Ashok Gehlot, Chief Minister of Rajasthan recently and expressed his interest in setting up a solar park of 4.5 GW at Rs 1,90,000 crore of investment in Rajasthan. ArcelorMittal's HPCL-Mittal Energy Ltd unit would set up the plant.

ArcelorMittal has also been invited to invest in the mining sector of the state by Gehlot. Mittal also met Vijay Rupani, Chief Minister of Gujarat, and made a note of plans to invest $6809 million in Gujarat's wind energy, solar energy, and hydrogen gas production sectors.

The company is joining the trend of steelmakers moving into green hydrogen with this and spreading its footprint in renewable power generation.

A unit of power producer JSW Energy, JSW Future Energy, recently signed a pact with Fortescue Future Industries (FFI) based in Australia to explore green hydrogen development.

Under their pact, FFI and JSW Energy will work together and conduct scoping work on potential projects in green hydrogen production. They are also planning to explore opportunities to utilise green hydrogen for hydrogen mobility, steelmaking, ammonia, and other industrial applications mutually agreed upon in India.

Image Source

Also read: Tata Power and Aljomaih win RUMSL's solar park auction

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..