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
Real Estate

Modon, Related, Panepinto form JV for Harborside 4 in Jersey City

Abu Dhabi-based Modon Holding PSC has formed a joint venture with US real estate major Related Companies and Jersey City-based Panepinto Properties to develop Harborside 4, a 54-storey luxury residential tower on a prime waterfront site in downtown Jersey City, New Jersey.Under the partnership, Modon will hold a majority equity stake alongside Related and Panepinto, marking another step in the group’s strategy to scale and diversify its global real estate portfolio. The project will be developed on one of the last remaining premium waterfront parcels in the city.Designed by Handel Architects..

Next Story
Infrastructure Urban

P+Ex and Post-Tensioning Institute partner to drive sustainability

P+Ex, the Center of Excellence for Concrete Preservation and Service Life Extension, has announced a strategic partnership with the Post-Tensioning Institute (PTI) aimed at advancing sustainability, durability, and resilience in the built environment.The collaboration brings together P+Ex’s expertise in concrete preservation, repair, and service life extension with PTI’s global leadership in post-tensioning technology. Through this alliance, the two organisations will work to advance best practices in durability-focused design for new structures, while also promoting effective repair, reha..

Next Story
Infrastructure Energy

India’s Largest 2,000 MW Subansiri Hydro Project Turns Operational

India’s largest hydropower project, the 2,000 MW Subansiri Lower Hydroelectric Project, has finally become operational with the commissioning of its first unit, marking a major milestone after nearly 20 years of development marked by delays, protests and cost escalation.The 250 MW Unit-2 of the project, located on the Subansiri River at Gerukamukh on the Assam–Arunachal Pradesh border, was virtually inaugurated from New Delhi by Union Minister of Power Manohar Lal Khattar. The event was attended by Pankaj Agarwal, Secretary (Power), and Bhupender Gupta, Chairman and Managing Director, Nati..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App