ArcelorMittal Nippon Steel India (AMNS India) has unveiled an ambitious long-term plan to expand its domestic steelmaking capacity to 25-26 million tonnes per annum by 2030, nearly three times its current output, CEO Dilip Oommen said in a statement on Monday, December 15. The plan underscores the company's strong confidence in the growth prospects of the Indian steel industry.
Oommen said AMNS' capacity expansion in India will be driven by two main pillars:
- Major expansion of the existing Hazira steel plant in Gujarat
- New steel plant in Andhra Pradesh
Hazira expansion to 18 million tonnes
The Hazira steel plant is currently operating at a capacity of 9 million tonnes per annum. AMNS India plans to increase Hazira's capacity to 15 million tonnes per annum by 2026 and increase it to 18 million tonnes per annum soon thereafter.
The new steel plant planned in Andhra Pradesh will have a capacity of 8.2 million tonnes per annum and is scheduled to be completed by 2030. AMNS's broader expansion program in India, including both the Andhra Pradesh project and the ongoing capacity expansion at Hazira, will be supported by capital expenditure of approximately $6.25 billion, which will be invested between 2026-27 and 2027-28. In parallel, reflecting its long-term decarbonization strategy, the company aims to develop 7 gigawatts (GW) of renewable energy capacity by 2032 to support low-carbon
