AMNS India To Invest Rs 60,000 Cr To Expand In Gujarat
ArcelorMittal Nippon Steel India (AMNS India), a joint venture between ArcelorMittal and Nippon Steel, is all set to invest Rs 60,000 crore to increase the production capacity of its Hazira plant in Gujarat, from 9 million tonnes per annum (MTPA) to c.15 MTPA.
Prime Minister Narendra Modi wished AMNS India for the Hazira expansion, which will open doors for new possibilities in the future with the investment of Rs 60,000 crore. "This project will create job opportunities in Gujarat and across India, apart from inspiring the manufacturing of high-grade steel while playing a critical role in reducing import dependence in critical and strategic applications. The company’s latest technology for this project will prove to be a milestone and provide a fillip to the Make in India and Atmanirbhar Bharat initiatives. I also congratulate AM/NS India for giving utmost importance to green technology to contribute to the circular economy," said PM.
This expansion at Hazira comes nearly three years after AMNS India was established, and will involve upstream and downstream steelmaking expansion, creating more than 60,000 jobs and strengthening nearby communities with initiatives that deepen sustainability.
Lakshmi Mittal, Executive Chairman, ArcelorMittal, said: “This project will be one of the largest investments in Gujarat in recent years and we remain impressed by the scale of the state’s ambition and the pace of its progress in becoming a global manufacturing hub.”
Since 2019, AM/NS India has made strong progress on performance and debottlenecking at the Hazira plant by applying the global best practices of its parent companies and investing in technology and R&D. The company is now a self-sustaining, free cash flow generating business, and well-positioned in a fast-growing market to deliver long-term value to its employees, communities, and the Indian steel industry.
Bhupendra Patel, Chief Minister, Gujarat, said: “We are proud that Gujarat remains the investment destination of choice. The ambitious expansion project by ArcelorMittal Nippon Steel India is a perfect start to a New Year in the state that has been leading the way in improving the Ease of Doing Business. The project will not only create jobs and economic activity in our state but also reinforces Gujarat’s position as a leading manufacturing hub, with stable, business-friendly policies and unrivalled infrastructure. I extend my best wishes to AM/NS India.”
As part of its expansion programme, AM/NS India will continue to contribute to the strengthening of India’s steelmaking expertise and capabilities, including the development of downstream facilities to produce value-added steel to reduce India’s reliance on steel imports for use in sectors such as defence, automotive and infrastructure.
Jyotiraditya Scindia, Union Steel Minister, India, said: “India’s path to achieving 300 million tonnes of steelmaking capacity will require significant capital, advanced manufacturing technologies and deeper experience in the execution of large-scale projects. I am certain that this collaboration will help bring all three into the fold. My best wishes to AM/NS India. Looking forward to seeing the Hazira Plant make great strides in the advancement of the Indian steel industry.”
Beyond volume growth and improving the quality and diversity of its steels, AM/NS India is also focused on efforts to lead the decarbonisation of the steel industry through initiatives such as integrating renewables into its energy supply chain and exploring the use of a range of lower-carbon technologies over the next decade.
Aditya Mittal, CEO, ArcelorMittal and Chairman, ArcelorMittal Nippon Steel India, said: “Expansion to 15 MTPA is the natural next step for Hazira, a plant we have always said holds great potential to capture the growth opportunities presented by a growing domestic steel market in a rising Indian economy. Our own growth, in Hazira and across India, will be responsible growth, including an unwavering commitment to decarbonizing our steel and the wellbeing of our people and communities, starting with safety”.
