Surat: AM/NS India launches Rs 60,000 crore expansion project in Gujarat

AM/NS India in Gujarat face A foundation stone laying ceremony was held today under the Rs 60,000 crore investment program for the expansion of the Hazira plant. On implementation of this expansion, the production capacity here will increase from 9 million tonnes per annum (MTPA) to 15MTPA. AM/NS India is a joint venture between two of the world’s leading steel producers, ArcelorMittal Nippon Steel India and Nippon Steel.

Veteran leaders were present on the project expansion occasion of AMNS

Production expansion only after three years of establishment

The Hazira project comes nearly three years after AM/NS India was established, which will include upstream and downstream steel production expansion. This will create more than 60,000 employment opportunities and strengthen the nearby communities with many beneficial initiatives. Post the year 2019, AM/NS India has made strong progress in removing the bottleneck while performing well at the Hazira plant by applying global best practices of its parent companies and investing in technology and R&D. The company is now a self-sustaining, free cash flow generating business and is well positioned to provide long-term value to its employees, communities and the Indian steel industry in a rapidly growing market.

As part of this expansion programme, AM/NS India will continue to contribute to strengthen India’s steelmaking expertise and capabilities. Thereby, development of downstream facilities to produce value added steels to reduce India’s dependence on import of steels for use in sectors like defence, automotive and infrastructure etc. Apart from improving the quality and variety of its steels and increasing the volume, AM/NS India will also focus on integrating renewable energy into its energy supply chain and endeavor to lead the decarbonization of the steel industry through various initiatives. is focusing.

PM Narendra Modi addresses foundation stone laying ceremony in Hazira

Addressing the ceremony in a virtual way, Prime Minister Narendra Modi said that, my best wishes to AM / NS India for the expansion of Hazira plant. The project, which is taking shape with an investment of Rs 60,000 crore, will open doors to many new possibilities in the future. The project will play a unique role in reducing the country’s import dependence in critical and strategic applications.

At the same time it will generate new employment opportunities across India including Gujarat besides stimulating manufacturing of high grade steel. The company’s latest technology for this project will prove to be a frontier and will give impetus to the “Make in India” and “Atmanirbhar” India initiatives. I congratulate AM/NS India for giving utmost importance to green technology to contribute to the circular economy.

Gujarat preferred destination for investment: Chief Minister Bhupendra Patel

Gujarat Chief Minister Bhupendra Patel said that Gujarat continues to be the preferred destination for investment and we are proud of it. ArcelorMittal Nippon Steel India’s ambitious expansion project is a perfect start to the new year in the state. Gujarat has been at the forefront of further improving the ease of doing business. This ambitious expansion project will generate employment and boost economic activities in the state. Apart from this, it will also strengthen Gujarat’s position as a major global manufacturing hub with stable, business-friendly policies and unmatched infrastructure. I extend my best wishes to AM/NS India.”

Significant contribution will be made in India’s steel making

Union Steel Minister Jyotiraditya Scindia said that, “India’s path to achieve 300 million tonnes of steelmaking capacity will require significant capital, modern production technologies and deep experience in execution of large scale projects. I am sure this collaboration will help.” Will help bring all three together. My best wishes to AM/NS India. Looking forward to seeing the Hazira plant make great strides in the growth of the Indian steel industry.”

Japan’s minister was also present

Japan’s Minister of Economy, Trade and Industry (METI) Yasutoshi Nishimura said that: “The foundation stone laying ceremony is an important milestone for the next phase of capacity enhancement. I wish the team all the best. This year marks the 70th anniversary of diplomatic relations between Japan and India. I feel proud, because such partnership strengthens the ties between the two countries. As the world’s second and third largest steel producers, India and Japan must continue to work collaboratively for economic growth and decarbonisation.

Japan’s interim charge d’affaires in India, Kunihiko Kawazu, stated that, “In March 2022, the leaders of Japan and India agreed to realize JPY 5 trillion of public and private investment and funding from Japan to India for the next five years.” The Government of India is strengthening the steel sector under the schemes ‘Make in India’, ‘Atmanirbhar Bharat’ and ‘National Steel Policy-2017’. Trade expansion by AM/NS India Progress of these schemes The Japanese government will continue to cooperate in the development of the Indian steel sector.”

We are proud to provide steel to build a self-reliant India: Lakshmi Mittal

Lakshmi Mittal, Executive Chairman, ArcelorMittal, said, “We need this important recognition to contribute to the growth of India’s steelmaking industry and not only for a self-reliant India but for an India that builds for the world.” We are proud to have reached the turning point. This project will be one of the biggest investments in Gujarat in recent years. We are impressed by the scale of the state’s ambition and the pace of its progress in becoming a global manufacturing hub.”

Vitran important step for Hazira: Aditya Mittal

Aditya Mittal, President, ArcelorMittal Nippon Steel India said, “The expansion of 15 MTPA is the natural next step for Hazira. We have always maintained that the plant has the potential to tap the growth opportunities presented by the ever-growing domestic steel market in the growing Indian economy. There is huge potential.Our growth in Hazira and in India as a whole will be a responsible development, which includes the well being of our people and communities with an unwavering commitment to decarbonize our steel and the safety.

Eijihashimoto, President and Representative Director, Nippon Steel Corporation, said, “It is a great pleasure to be a part of this important event commemorating the next phase of AM/NS India. To contribute to India’s development through the growth of AM/NS India. Nippon Steel is committed to

Takahiromori, Executive Vice President and Representative Director, Nippon Steel Corporation, said, “Today’s momentous celebrations mark AM/NS India’s transformation in its journey to become the leading and preferred steel maker in India. With this new construction and capacity expansion of upstream and hot-rolling facilities at Hazira Steel Mill, we aim to meet the growing steel demand in India.”

Dilip Oommen, CEO, ArcelorMittal Nippon Steel India said, “The expansion of the plant will further our resolve to enhance our contribution to the country’s steel development plan, which not only promotes the Atmanirbhar Bharat initiative but also transforms India into a global manufacturing hub. sees as well. With state-of-the-art facilities, this project will enable us to create high grade value added steel solutions aligning with the import substitution policy goals of the government”.

The state-of-the-art facilities to be set up will be as follows

• Iron making process: blast furnace, sintering facility and coke furnace

• Steel making process: basic oxygen furnaces and continuous casting machines

• Hotprocess (heating process): Hot stripmill

AM/NS India received environmental clearance for the Hazira expansion project from the Union Ministry of Environment, Forest and Climate Change in October-2022, after a detailed environmental impact assessment. The company has set a long-term ambition of increasing its national capacity to 30 MTPA in the coming decade, which supports the Government’s National Steel Policy. In which it is envisaged to double the domestic capacity to 300 MTPA by the year 2030.