AMNS India is considering setting up an integrated steel plant with a capacity of 17.8 million tons

The plant will require investments of $16.6 billion

AMNS India, a joint venture between ArcelorMittal and Nippon Steel, intends to set up an integrated steel plant with a capacity of 17.8 million tons per year in Anakapalle district, Andhra Pradesh. This was reported by The Economic Times.

The plant will require a total investment of INR 1.4 trillion ($16.6 billion) and is planned to be built in two phases. The first stage will see the construction of a blast furnace with a capacity of 7.3 million tons per year, while the second stage will add another 10.5 million tons per year.

In a comment to ET, Manoranjan Kumar, Head of Port Operations and Development at AMNS, said that the company plans to have a production capacity of 40 million tons by 2035. As part of this expansion plan, AMNS has been looking for coastal locations in Andhra Pradesh and Odisha. The key issues in setting up a steel plant are the availability of land and port facilities. Anakapalle meets both criteria.

According to Kumar, one of the important elements of the project is the construction of a berth, which will help to obtain raw materials from around the world at competitive international prices.

As GMK Center reported earlier, AMNS India is building the world’s largest stand-alone integrated steel plant in Hazira, Gujarat. The plant will have a capacity to produce 24 million tons of steel per year and is expected to be completed by 2029. The company signed a memorandum of understanding with the Gujarat government to build the second phase of the plant. As reported, work on the first phase of the project, which started in 2021, was on schedule and will be completed by 2026.