PM likely to lay foundation of ArcelorMittal’s Hazira steel plant expansion project

New Delhi: Prime Minister Narendra Modi is likely to lay foundation stone of ArcelorMittal's Hazira steel plant expansion project on October 28 in Gujarat, sources said. According to the sources, "PM Narendra Modi is the chief guest for the Bhoomi Pujan for AMNS India's Hazira plant expansion project on October 28."

Besides PM, Union Steel Minister Jyotiraditya Scindia, Gujarat Chief Minister Bhupendra Patel, and ArcelorMittal's Executive Chairman Lakshmi Mittal and CEO Aditya Mittal will attend the event, sources said.

Government and company officials are also expected to attend the event, the sources added.

AMNS India is a 60:40 joint venture between Luxembourg-based ArcelorMittal and Nippon Steel of Japan. In 2019, the two foreign entities completed the acquisition of the Essar Steel Limited plant located at Hazira, and later renamed it to ArcelorMittal Nippon Steel (AMNS) India.

On October 6, AMNS said it has received environmental clearance for the expansion of the plant located in Hazira which is about 275 kilometres away from state capital Ahmedabad.

As per the plan, the annual steel-making capacity scaled up to 15 million tonnes (MT) from 9 MT at present.

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