NE BUSINESS BUREAU
GANDHINGAR, JAN 27
ArcelorMittalNippon Steel India has proposed to invest Rs. 1 lakh 66 thousand crore in 6 different projects in Gujarat ahead of the 10th Vibrant Gujarat Global Summit-2022.
In connection with this, ArcelorMittal Nippon Steel India Limited on Thursday signed Memorandum of Understanding (MoU) with Industries Department of the Gujarat Government in the presence of Chief Minister Bhupendra Patel.
MoU was signed by the Additional Chief Secretary to Department of Industries Rajiv Gupta and ArcelorMittal Nippon Steel India Chief Executive Officer Dilip Oommen.
ArcelorMittal Nippon Steel India’s 6 proposed investment projects include, Rs. 4200 crores for expansion and modernization of existing captive jetty at Hazira, Rs. 45,000 crore to increase the capacity of the existing 8.6 MMTPA steel manufacturing plant to 18 MMTPA, Rs. 30,000 crore for expansion with captive port capacity to Green Steel Plant at Suvali, Surat as well Rs. 30,000 crore for Steel City and Industrial Cluster in Kidiabet, Surat.
A total of 10 gigawatts of renewable power generation plants at various locations in the state will be set up by ArcelorMittal Nippon Steel with an investment of approximately Rs 40,000 crore. This will include hybrid, solar and wind energy.
A MoU also been signed for a 2200 MW plant at Kanatalav in Bhavnagar district in the first phase.
ArcelorMittal Nippon Steel India is also planning to invest Rs 17,000 crore in another downstream, Coke oven projects in Hazira, Surat.
મુખ્યમંત્રીશ્રી ભૂપેન્દ્ર પટેલની ઉપસ્થિતીમાં #VGGS2022 અન્વયે ગાંધીનગરમાં ગુજરાત સરકાર અને આર્સેલર મિત્તલ નિપોન સ્ટીલ ઇન્ડીયા લિ. વચ્ચે રાજ્યમાં હયાત પ્લાન્ટના એક્સપાન્શન અને રિન્યુએબલ પાવર જનરેશન સહિતના વિવિધ છ પ્રોજેક્ટસમાં ₹1.66 લાખ કરોડના સૂચિત રોકાણો માટે MoU સંપન્ન થયા હતા pic.twitter.com/HNkzWV9Sra
— CMO Gujarat (@CMOGuj) January 27, 2022
Approximately 1 lakh 80 thousand direct and indirect employment opportunities will be generated through this.
Government of Gujarat will co-operate with ArcelorMittal in accordance with the existing policies and regulations for the necessary permission to be given for the timely commencement of these projects, a release from the information department of the state government on Thursday.
Chief Principal Secretary to CM K. Kailashnathan, Industry Commissioner Rahul Gupta and senior representatives of Arcelor Mittal graced the occasion.
