Kolkata: Steel and mining company ArcelorMittal Wednesday announced the construction of the worlds single-biggest steel manufacturing factory at Hazira in Gujarat.
ArcelorMittal Executive Chairman Lakshmi Mittal announced in his keynote address at the 10th Vibrant Gujarat Global Summit.
The company is presently engaged in an ongoing expansion project of its Hazira facility, when completed in 2029, will boast an unprecedented capacity of 24 million tonnes per annum, solidifying ArcelorMittals position as one of the largest single-location integrated steel plants globally.
The announcement comes as part of the companys commitment to contributing significantly to Indias Atmanirbhar Bharat journey.
During the event, Lakshmi Mittal said, Steel is one of the primary contributors to any nations journey towards self-reliance. At the heart of Atmanirbharta, is steel which supports a range of applications across sectors such as infrastructure, urbanisation, renewables, automotive including electric vehicles, defence, and railways.
By bringing the best of global technology, we are developing high-end products which help steel consumers across MSMEs to start-ups to become competitive.
He further added Gujarat welcomed ArcelorMittal Nippon Steel India four years ago, and with the support of the Gujarat government, we are confident in completing the entire Hazira site by 2029. Our commitment extends beyond steel, with investments in emerging sectors like renewable energy and green hydrogen.
The announcement marks a significant stride towards bolstering Indias steel production capacity and supporting the nations economic growth.
