ArcelorMittal plans Rs 1k investment in AP Nippon Steel plant
Steel

ArcelorMittal plans Rs 1k investment in AP Nippon Steel plant

Andhra Pradesh has bagged a big deal, with ArcelorMittal agreeing to invest Rs 1,000 crore in the Nippon Steel plant in the state of Andhra Pradesh.

CEO of ArcelorMittal, Aditya Mittal, has planned to expand operations of the Andhra Pradesh plant after discussing with the state CM YS Jagan Mohan Reddy in Davos.

According to a statement, ArcelorMittal/Nippon Steel India will expand its reach in Andhra Pradesh with Rs 1,000 crore investment. It will make initiatives towards expanding the brownfield Vizag pellet plant in Andhra Pradesh.

This expansion project will increase pellet production capacity by 35%, from 8 million tonnes per annum (mtpa) to 11 mtpa.

The Nippon Steel plant in the state is already connected to a slurry pipeline in Chattisgarh, which provide a clean and efficient way of transporting raw materials for pelletisation from source to plant.

ArcelorMittal and Nippon Steel India plan to complete the expansion work by 2023, with environmental clearance in the coming months.

The investment proposal was announced by ArcelorMittal/Nippon Steel (AM/NS) India for round-the-clock renewable energy development, having 975 MW of nominal capacity, also in Andhra Pradesh.

The project includes over Rs 4,000 crore investment, including solar and wind power, supported by Greenko's hydro pumped storage project. It will have to overcome the intermittent wind and solar power generation.

The 250 MW capacity will result in generating over 20% of the electricity requirement at the Hazira plant of AM/NS India from renewable energy sources. It will reduce carbon emissions by around 1.5 mtpa.

CM Jagan Mohan Reddy told the media that this investment would attract major manufacturing and renewable projects. It will support India's steel production and help in the efforts to advance industrial decarbonisation.

Image Source

Also read: Construction of world’s largest integrated RE storage kicks off

Andhra Pradesh has bagged a big deal, with ArcelorMittal agreeing to invest Rs 1,000 crore in the Nippon Steel plant in the state of Andhra Pradesh. CEO of ArcelorMittal, Aditya Mittal, has planned to expand operations of the Andhra Pradesh plant after discussing with the state CM YS Jagan Mohan Reddy in Davos. According to a statement, ArcelorMittal/Nippon Steel India will expand its reach in Andhra Pradesh with Rs 1,000 crore investment. It will make initiatives towards expanding the brownfield Vizag pellet plant in Andhra Pradesh. This expansion project will increase pellet production capacity by 35%, from 8 million tonnes per annum (mtpa) to 11 mtpa. The Nippon Steel plant in the state is already connected to a slurry pipeline in Chattisgarh, which provide a clean and efficient way of transporting raw materials for pelletisation from source to plant. ArcelorMittal and Nippon Steel India plan to complete the expansion work by 2023, with environmental clearance in the coming months. The investment proposal was announced by ArcelorMittal/Nippon Steel (AM/NS) India for round-the-clock renewable energy development, having 975 MW of nominal capacity, also in Andhra Pradesh. The project includes over Rs 4,000 crore investment, including solar and wind power, supported by Greenko's hydro pumped storage project. It will have to overcome the intermittent wind and solar power generation. The 250 MW capacity will result in generating over 20% of the electricity requirement at the Hazira plant of AM/NS India from renewable energy sources. It will reduce carbon emissions by around 1.5 mtpa. CM Jagan Mohan Reddy told the media that this investment would attract major manufacturing and renewable projects. It will support India's steel production and help in the efforts to advance industrial decarbonisation. Image Source Also read: Construction of world’s largest integrated RE storage kicks off

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?