ArcelorMittal Invests $0.9B in India's Green Energy, Doubles Capacity to 2 GW

• ArcelorMittal plans three new renewable energy projects in India with a USD 0.9 billion capital expenditure.
• These projects will add 1 GW of solar and wind energy, doubling ArcelorMittal's Indian green energy portfolio to 2 GW.
• Projects are located in Maharashtra (Amravati), Rajasthan (Bikaner), and Gujarat (Bachau), with completion by H1 2027 to June 2028.
• The power generated will supply AMNS India, a joint venture with Nippon Steel, reducing carbon emissions by up to 4 million tonnes.
• This initiative will cover 35% of AMNS India's Hazira steelmaking operations' electricity needs.

Why It Matters: ArcelorMittal commits $0.9B to double India's green energy capacity to 2 GW, boosting clean steel production.