ArcelorMittal to Invest $900 Mn in Three Green Energy Projects in India
POWER & RENEWABLE ENERGY

ArcelorMittal to Invest $900 Mn in Three Green Energy Projects in India

Global steel major ArcelorMittal has announced an investment of Rs 81.45 crore to develop three green energy projects in India, reinforcing its commitment to clean energy transition and long-term sustainability in the country.

The proposed projects are part of ArcelorMittal’s broader strategy to expand its renewable energy portfolio and align its operations with global decarbonisation goals. Through these investments, the company aims to generate clean power, reduce its carbon footprint, and support the growing demand for renewable energy solutions across its Indian operations.

ArcelorMittal said the projects will contribute significantly to India’s renewable energy capacity while strengthening the company’s footprint in one of the world’s fastest-growing clean energy markets. The initiative reflects the company’s focus on integrating green energy into its value chain and supporting the shift towards lower-emission industrial processes.

Green energy investments form a key pillar of ArcelorMittal’s global environmental strategy, which is centred on reducing carbon emissions, improving energy efficiency, and increasing the use of renewable power across its operations worldwide. The India-focused projects are expected to play a meaningful role in advancing these objectives while supporting the country’s ambitious renewable energy targets.

The announcement also highlights rising interest among global corporations in India’s renewable energy sector, driven by strong policy support, increasing power demand, and the country’s long-term commitment to clean energy development. India has emerged as an attractive destination for large-scale renewable investments, offering both scale and growth opportunities for international players.

According to the company, the three projects will contribute to building a stronger renewable energy value chain in India and create additional momentum for clean energy adoption. Overall, the investment underlines India’s growing appeal as a global hub for renewable energy and underscores ArcelorMittal’s confidence in the country’s sustainability-driven growth trajectory.

Global steel major ArcelorMittal has announced an investment of Rs 81.45 crore to develop three green energy projects in India, reinforcing its commitment to clean energy transition and long-term sustainability in the country.The proposed projects are part of ArcelorMittal’s broader strategy to expand its renewable energy portfolio and align its operations with global decarbonisation goals. Through these investments, the company aims to generate clean power, reduce its carbon footprint, and support the growing demand for renewable energy solutions across its Indian operations.ArcelorMittal said the projects will contribute significantly to India’s renewable energy capacity while strengthening the company’s footprint in one of the world’s fastest-growing clean energy markets. The initiative reflects the company’s focus on integrating green energy into its value chain and supporting the shift towards lower-emission industrial processes.Green energy investments form a key pillar of ArcelorMittal’s global environmental strategy, which is centred on reducing carbon emissions, improving energy efficiency, and increasing the use of renewable power across its operations worldwide. The India-focused projects are expected to play a meaningful role in advancing these objectives while supporting the country’s ambitious renewable energy targets.The announcement also highlights rising interest among global corporations in India’s renewable energy sector, driven by strong policy support, increasing power demand, and the country’s long-term commitment to clean energy development. India has emerged as an attractive destination for large-scale renewable investments, offering both scale and growth opportunities for international players.According to the company, the three projects will contribute to building a stronger renewable energy value chain in India and create additional momentum for clean energy adoption. Overall, the investment underlines India’s growing appeal as a global hub for renewable energy and underscores ArcelorMittal’s confidence in the country’s sustainability-driven growth trajectory.

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement