ArcelorMittal Nippon Steel India has confirmed a proposed investment of INR 1,000 crore towards brownfield expansion of its Vizag pellet plant in Andhra Pradesh. The planned expansion will increase pellet production capacity at Vizag by 35%, from 8 million tonnes per annum to 11 million tonnes per annum. AM/NS India’s Vizag pellet plant is already connected to a slurry pipeline in Chhattisgarh, which ensures a clean and efficient method of transportation of raw materials required for pelletization from source to plant. AM/NS India intends to complete the expansion project in 2023, subject to receiving Environmental Clearance in the coming months. This investment follows a recent announcement by ArcelorMittal, a parent company of AM/NS India, to develop a ‘round the clock’ renewable energy project with 975 MW of nominal capacity, also in the state of Andhra Pradesh. The project, involving investment of more than INR 4,600 crore will combine solar and wind power and be supported by Greenko’s hydro pumped storage project, which helps to overcome the intermittent nature of wind and solar power generation. This will result in over 20% of the electricity requirement at AM/NS India’s Hazira plant coming from renewable sources, reducing carbon emissions by approximately 1.5 million tonnes per year.
ArcelorMittal Nippon Steel India has confirmed a proposed investment of INR 1,000 crore towards brownfield expansion of its Vizag pellet plant in Andhra Pradesh. The planned expansion will increase pellet production capacity at Vizag by 35%, from 8 million tonnes per annum to 11 million tonnes per annum. AM/NS India’s Vizag pellet plant is already connected to a slurry pipeline in Chhattisgarh, which ensures a clean and efficient method of transportation of raw materials required for pelletization from source to plant. AM/NS India intends to complete the expansion project in 2023, subject to receiving Environmental Clearance in the coming months. This investment follows a recent announcement by ArcelorMittal, a parent company of AM/NS India, to develop a ‘round the clock’ renewable energy project with 975 MW of nominal capacity, also in the state of Andhra Pradesh. The project, involving investment of more than INR 4,600 crore will combine solar and wind power and be supported by Greenko’s hydro pumped storage project, which helps to overcome the intermittent nature of wind and solar power generation. This will result in over 20% of the electricity requirement at AM/NS India’s Hazira plant coming from renewable sources, reducing carbon emissions by approximately 1.5 million tonnes per year.
