The Gujarat government informed that the world’s leading steel and mining conglomerate ArcelorMittal would invest ₹1,00,000 crore in different projects in the states, including its steel plant at Hazira near Surat.
Mittal expressed his commitment to invest ₹50,000 crore for the expansion of Hazira-based steel plant. Notably, ArcelorMittal Nippon Steel India had taken over the steel plant from Essar in 2019.
Mittal is also willing to invest another ₹50,000 crore in solar energy, wind energy and hydrogen gas production in Gujarat. In all, the group would invest ₹1,00,000 core in the near future in Gujarat. Chief Minister Rupani welcomed the decision and assured to provide all necessary help, the statement said.
