ArcelorMittal Starts Green Power Supply to AMNS from 1-GW Project
POWER & RENEWABLE ENERGY

ArcelorMittal Starts Green Power Supply to AMNS from 1-GW Project

Global steel and mining major ArcelorMittal has commenced the supply of clean energy to AMNS India in Gujarat from its 1-gigawatt (GW) solar and wind energy project located in Andhra Pradesh.

According to the company, the $0.7 billion project was developed, constructed, and commissioned by its wholly owned subsidiary, AM Green Energy.

ArcelorMittal stated that its largest renewable energy initiative, based in Andhra Pradesh, had recently begun supplying clean electricity to AMNS India. AMNS India is a joint venture between Luxembourg-based ArcelorMittal and Japan's Nippon Steel, with a shareholding ratio of 60:40.

The renewable project is expected to cut AMNS India’s carbon emissions by 1.5 million tonnes annually. This aligns with the steelmaker’s goal of reducing the carbon intensity of its steel production by 20 per cent by 2030, based on a 2021 benchmark.

ArcelorMittal highlighted that this initiative is part of a broader pipeline of renewable energy projects under development, with a total capacity of 2.3 GW across India, Brazil, and Argentina.

The project forms a component of ArcelorMittal’s portfolio of strategic growth initiatives, which are expected to deliver an incremental annual EBITDA of $1.9 billion once all are completed by the end of 2027.

The solar power site spans approximately 2,400 acres—equivalent to over 1,700 FIFA-sized football fields—while the wind farm covers around 700 acres. Now fully operational at its intended capacity, the project features roughly 1.5 million solar panels and 91 wind turbines, collectively generating 2.5 billion kilowatt-hours (kWh) of electricity each year, enough to supply power to nearly 10 million Indian households.

News source: The Print

Global steel and mining major ArcelorMittal has commenced the supply of clean energy to AMNS India in Gujarat from its 1-gigawatt (GW) solar and wind energy project located in Andhra Pradesh. According to the company, the $0.7 billion project was developed, constructed, and commissioned by its wholly owned subsidiary, AM Green Energy. ArcelorMittal stated that its largest renewable energy initiative, based in Andhra Pradesh, had recently begun supplying clean electricity to AMNS India. AMNS India is a joint venture between Luxembourg-based ArcelorMittal and Japan's Nippon Steel, with a shareholding ratio of 60:40. The renewable project is expected to cut AMNS India’s carbon emissions by 1.5 million tonnes annually. This aligns with the steelmaker’s goal of reducing the carbon intensity of its steel production by 20 per cent by 2030, based on a 2021 benchmark. ArcelorMittal highlighted that this initiative is part of a broader pipeline of renewable energy projects under development, with a total capacity of 2.3 GW across India, Brazil, and Argentina. The project forms a component of ArcelorMittal’s portfolio of strategic growth initiatives, which are expected to deliver an incremental annual EBITDA of $1.9 billion once all are completed by the end of 2027. The solar power site spans approximately 2,400 acres—equivalent to over 1,700 FIFA-sized football fields—while the wind farm covers around 700 acres. Now fully operational at its intended capacity, the project features roughly 1.5 million solar panels and 91 wind turbines, collectively generating 2.5 billion kilowatt-hours (kWh) of electricity each year, enough to supply power to nearly 10 million Indian households. News source: The Print

Next Story
Infrastructure Urban

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..

Next Story
Infrastructure Energy

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..

Next Story
Infrastructure Urban

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..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement