JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
Renewable energy major ACME Group has announced plans to invest ₹5,000 crore to set up a green steel manufacturing facility in India, marking its entry into the sustainable metals sector.
The project aims to produce low-emission steel using green hydrogen generated from renewable energy sources such as solar and wind. The initiative aligns with India’s National Green Hydrogen Mission and supports the nation’s goal of achieving net-zero emissions by 2070.
According to company officials, the proposed plant will have an initial capacity of 1 million tonnes per annum (MTPA) and will be developed in phases. ACME plans to integrate its renewable energy and hydrogen production expertise to decarbonize the steelmaking process.
The investment is expected to create significant employment opportunities and position ACME as a key player in India’s green industrial ecosystem. Industry experts said this move underscores a growing shift among Indian companies toward clean energy-led steel production, reducing dependency on fossil fuels.
ACME’s entry into green steel highlights a major milestone in the country’s transition toward sustainable industrial growth and carbon-neutral manufacturing.
Also Read : JSW Steel and JFE to Boost India's CRGO Steel Capacity with $669 Million Investment India’s Steel Demand Set for Double-Digit Growth in H2: Naveen Jindal
The United Kingdom and the European Union have reached a joint steel trade agreement aimed at counte...
Europe 27-Oct-2025
MOIL cuts manganese ore prices by 5-10% for May 2025. Weak steel demand and high inventories trigge...
Business 08-May-2025
The Indian government is set to fast-track Bureau of Indian Standards (BIS) approvals for Taiwanese...
India 19-Sep-2025
1️⃣ India advances green steel policies to cut CO₂ emissions and meet net-zero targets.2️⃣ Leading s...
Business 02-Apr-2025
Chinese state energy giant Sinopec is pushing for greater access to Sri Lanka's market, where rival...
Business 25-Apr-2024
Tata Power, an electric vehicle (EV) charging solutions provider, has reached a milestone of 100 mil...
Large Corporate 15-Apr-2024