ArcelorMittal Nippon Steel to Ramp Up Capacity at Indian Steel Plant

SEATTLE (Scrap Monster): ArcelorMittal Nippon Steel (AMNS) India announced major investment at Hazira steel plant in the state of Gujarat, India, which it acquired from Essar Steel. The proposed expansion will significantly boost the plant’s capacity.

According to company press release, it plans to make a total investment of Rs. 25,000 crore. Initially, it plans an investment of Rs. 5,000 crore, in order to take the plant’s capacity to 8.6 million tonnes per annum (mtpa) by the end of 2024. In the next phase, it proposes to make additional investment of Rs. 20,000 crore. Further, he announced that AMNS facilities have returned to 100% capacity following the recent reduced operating schedule on account of the pandemic situation.

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This was announced by Lakshmi Mittal, Chairman, ArcelorMittal Group during his video-conference with the state Chief Minister Vijay Rupani.

Earlier in June this year, AMNS India had declared first phase investment of Rs. 2,000 crore to ramp up the capacity of the Paradip, Odisha pellet plant. The investment is aimed at doubling its capacity to 12 mtpa and boosting the capacity of Dabuna, Keonjhar benefication facility from 5 mtpa to 16 mtpa.

AMNS India is a 60:40 joint venture between ArcelorMittal and Japan-based Nippon Steel Corporation.