ArcelorMittal to Invest INR 50,000 Crore in Gujarat
Gujarat Chief Minister Mr Vijay Rupani announced that ArcelorMittal will invest more than INR 50,000 crore in Gujarat. Mr Rupani told reporters "All industrialists from India and abroad, including Lakshmi Mittal, are coming to Gujarat for making investment as they count Gujarat as the best investment destination. Lakshmi Mittal came to meet me and told me that he will make an investment of more than INR 50,000 crore in Gujarat in the coming days."
AM/NS India, a 60:40 joint venture between ArcelorMittal and Nippon Steel, is an integrated flat carbon steel manufacturer with an achievable crude steel capacity of 9 million tonnes per annum. Its manufacturing facilities comprise iron making, steelmaking and downstream facilities spread across India. AM/NS India uses a range of specialized technologies for iron making, steel making and rolling at Hazira in Gujarat, giving flexibility in utilizing raw materials and source energy
Iron making: Blast furnace, Corex and DRI.
Steel making: EAF and CONARC
Steel rolling: HSM and CSP