ArcelorMittal Plans $9 Billion Renewable Energy Investment in India

One of the world’s largest mining and steel manufacturing companies — ArcelorMittal — has announced grand plans to develop renewable energy assets in India. ArcelorMittal has expressed interest in developing renewable energy projects in the Indian states of Rajasthan

BY Realty Plus
Published - Monday, 13 Sep, 2021

ArcelorMittal Plans $9 Billion Renewable Energy Investment in India

One of the world’s largest mining and steel manufacturing companies — ArcelorMittal — has announced grand plans to develop renewable energy assets in India. ArcelorMittal has expressed interest in developing renewable energy projects in the Indian states of Rajasthan and Gujarat. The company is believed to have proposed a 4.5-gigawatt solar park in Rajasthan with an estimated investment value of $2.6 billion. They did not mention the timeline for development of this project. ArcelorMittal has also announced plans to invest in development of solar and wind energy and green hydrogen projects In the neighbouring state of Gujarat. The company may invest Rs 500 billion ($6.8 billion) in the state. ?