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AM/NS India receives environmental clearance for Hazira plant expansion

This increased steel manufacturing capacity represents a significant boost for the government's National Steel Policy, which envisages doubling domestic capacity to 300 MTPA by 2030

AM/NS
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The total capex for the expansion is pegged at $5.1 billion, ArcelorMittal indicated at a recent investor and analyst event at AM/NS India’s Hazira plant.

Ishita Ayan Dutt Kolkata
ArcelorMittal Nippon Steel India (AM/NS India) – a joint venture between global steelmakers ArcelorMittal and Nippon Steel – received environmental clearance to expand capacity at its flagship plant in Hazira, Gujarat, from the current crude steel capacity of 9 million tonnes per annum (MTPA) to 15 MTPA on Thursday.

This increased steel manufacturing capacity represents a significant boost for the government’s National Steel Policy, which envisages doubling domestic capacity to 300 MTPA by 2030 in a growing economy, as well as for AM/NS India’s own long-term plans to expand capacity, the company said.

In a statement, Aditya Mittal, chairman, AM/NS