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AM/NS Plans to Invest Rs 50,000 cr for Hazira Plant Capacity Expansion

ArcelorMittal Nippon Steel India (AM/NS India), formerly Essar Steel, is planning to more than double its production capacity at its Hazira plant in Gujarat to 18 million tpa with an investment of Rs 50,000 crore.

 

In Phase-I of the expansion, the company is planning to add an additional three-five million tonne to its existing seven million tonne capacity by the end of FY22.

 

The immediate plan is to reach 8.6 million tonne capacity. The company will be expanding from the land it has and will acquire some land from the government. The company is also eyeing opportunities in Odisha for a greenfield project.

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