ArcelorMittal Nippon Steel charts out 5-millon-tonne expansion in 3 years

The two phases of expansion at Hazira, Gujarat, along with downstream, are expected to cost Rs 50,000 crore

ArcelorMittal Nippon Steel India’s play in the steel market is set to get bigger. The company is busy making plans that would increase its capacity by five million tonnes in the next three years while laying building blocks for the phase after.

Dilip Oommen chief executive officer ArcelorMittal Nippon Steel India (AM/NS India), said the groundbreaking for the expansion to 14 million tonnes was expected this year.

“In the next phase, we will take it up to 18 million tonnes,” he added. The two phases of expansion at Hazira, Gujarat, along with downstream, are expected to cost about Rs 50,000