ArcelorMittal Brazil has announced contracts to develop two solar energy projects with a combined capacity of 465 MW, covering 14% of its electricity needs. The first project, in partnership with Casa dos Ventos, involves a 200 MW solar power plant in Bahia. The second, in collaboration with Atlas Renewable Energy, is a 265 MW solar power plant in Minas Gerais. Both projects are pending regulatory approval.
ArcelorMittal Nippon Steel (AM/NS) India has launched a value-added steel line, Magnelis, with an investment of nearly Rs 10 billion at its Hazira plant in Gujarat. The production line, with a capacity of 500,000 tonnes per annum, is aimed at solar panel manufacturers. The company is in talks with major customers like Adani Green Energy, Reliance Industries, Sterling & Wilson, and NTPC. AM/NS is also planning a new steel line for the automotive sector by…
Transformers & Rectifiers (India) Ltd (TRIL) has announced the winning of two export orders totalling $16.8 million (approximately Rs 1.41 billion). The first order, valued at $14 million, is from Linxon Global Sweden for 18 units of 20 MVA trackside traction transformers and 55 units of 7.5 MVA trackside autotransformers, to be completed by October 2025. The second order, worth $2.8 million, is from ArcelorMittal Mexico for a 175 MVA, 66kV electric arc furnace (EAF)…
Among 33 of India’s top companies in sectors like cement, steel, aluminium, textiles, and fertilizers, only 5 per cent of the companies’ electricity consumption comes from renewable sources. This assessment was highlighted by the think tank Climate Risk Horizons (CRH) in their report, titled “Slow to Switch.” The report found that companies like JSW, Jindal, Tata Steel, and ArcelorMittal/Nippon Steel meet less than 0.05 per cent of their energy needs from renewables. Textile firms such…
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