Arcelor Mittal Nippon Steel Plans Rs 600 Bn Green Steel Investment

21 Apr 2025 CW Team

ArcelorMittal Nippon Steel (AM/NS) India has unveiled a Rs 600 Bn investment plan aimed at expanding capacity, increasing the use of recycled scrap, and scaling up renewable energy to qualify for a three-star rating under India鈥檚 new carbon emission standards.

The steelmaker said these steps align with India鈥檚 Green Steel Taxonomy, set to roll out in the financial year 2026鈥�27. AM/NS India aims to become the first integrated steel company to achieve the top rating. Currently, sixty-five per cent of the company鈥檚 steel capacity comes from the Direct Reduced Iron method, which uses natural gas and has a low carbon footprint. The expansion will feature cutting-edge technology to further reduce emissions.

Key initiatives include a hybrid renewable energy project in Andhra Pradesh's Kurnool, which will supply power to AM/NS India鈥檚 Hazira plant in Gujarat. A new scrap processing facility is operational in Khopoli, Maharashtra, with three more underway to boost recycling. The firm is also using advanced technology like digitisation and machine learning to cut energy and material use.

CEO Dilip Oommen said the company is committed to India鈥檚 net-zero targets and ready to support its green steel transition.

Source: The Hans India

Image source:moneycontrol

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