{"id":18721,"date":"2022-01-27T19:59:38","date_gmt":"2022-01-27T14:29:38","guid":{"rendered":"https:\/\/tradebrains.in\/features\/gj-amns-india-investment\/"},"modified":"2022-01-27T20:16:13","modified_gmt":"2022-01-27T14:46:13","slug":"gj-amns-india-investment","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/gj-amns-india-investment\/","title":{"rendered":"ArcelorMittal Nippon Steel India to invest Rs 1,66,000 crore in Gujarat"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1770039226\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> Ahmedabad, Jan 27 (PTI) The Gujarat government on Thursday said ArcelorMittal Nippon Steel India (AMNS India), which owns a steel mill at Hazira in Surat, will invest Rs 1,66,000 crore in six different projects in the state.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1216728361\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> A memorandum of understanding (MoU) for this proposed investment was signed by Additional Chief Secretary (Industries and Mines) Rajiv Kumar Gupta on behalf of the Gujarat government, and by AMNS India CEO Dilip Oommen, said the state government in a statement.<\/p>\n<p> The MoU was signed in the presence of Gujarat Chief Minister Bhupendra Patel in Gandhinagar.<\/p>\n<p> According to the pact signed by both parties, the steel giant will invest Rs 4,200 crore for the expansion and modernisation of their captive jetty in Hazira and Rs 45,000 crore to increase the Hazira plant&#8217;s steel production capacity from the current 8.6 MMTPA to 18 MMTPA, said the statement.<\/p><div class=\"trade-content_5\" id=\"trade-706277984\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> The company will invest Rs 30,000 crore to expand their facility at Suvali in Surat and Rs 30,000 crore to develop Surat steel city and industrial cluster at Kidiabet in Surat, said the statement.<\/p>\n<p> Moreover, the company will invest Rs 40,000 crore to set up solar, wind and hybrid power generation facilities across the state having a cumulative capacity of generating 10 gigawatts of clean energy, according to the statement.<\/p>\n<p> The first such renewable energy plant of the 2,200-megawatt (MW) capacity will come up at the Kana Talav area of the Bhavnagar district, said the statement, adding that a separate MoU for this project was also signed today.<\/p>\n<p> In addition, the company will pump in Rs 17,000 crore in a &#8220;downstream coke oven&#8221; project at Hazira in Surat, said the statement.<\/p>\n<p> In all, the company will invest Rs 1,66,000 crore in six projects, which will generate nearly 1.80 lakh direct as well as indirect employment opportunities, said the statement. PTI PJT RSY  HRS hrs hrs<\/p>\n<div class=\"trade-after-content\" id=\"trade-99998576\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Ahmedabad, Jan 27 (PTI) The Gujarat government on Thursday said ArcelorMittal Nippon Steel India (AMNS India), which owns a steel mill at Hazira in Surat, will invest Rs 1,66,000 crore in six different projects in the state. A memorandum of understanding (MoU) for this proposed investment was signed by Additional Chief Secretary (Industries and Mines) [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-18721","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ArcelorMittal Nippon Steel India to invest Rs 1,66,000 crore in Gujarat - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/gj-amns-india-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ArcelorMittal Nippon Steel India to invest Rs 1,66,000 crore in Gujarat\" \/>\n<meta property=\"og:description\" content=\"Ahmedabad, Jan 27 (PTI) The Gujarat government on Thursday said ArcelorMittal Nippon Steel India (AMNS India), which owns a steel mill at Hazira in Surat, will invest Rs 1,66,000 crore in six different projects in the state. 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