ACME Group announced plans to invest ₹5,000 crore in establishing a greenfield direct reduced iron DRI facility, marking a major step toward low-carbon steel production. The project underscores the company’s commitment to sustainability and clean energy technologies in India’s industrial sector.
In its first phase, the facility will have a capacity of 1.2 million tons per annum (MTPA) and will focus on producing green hot briquetted iron (HBI) and green direct reduced iron (GRI) — both essential feedstocks for environmentally friendly steelmaking.
Reducing Carbon Footprint in Steel Production
The proposed green DRI plant aims to significantly cut carbon emissions from traditional steelmaking processes by integrating renewable energy and green hydrogen into production. This aligns with India’s national goals for decarbonizing hard-to-abate industries and achieving net-zero emissions by 2070. According to ACME, the initiative will set a new benchmark for clean industrial manufacturing. It is paving the way for the large-scale adoption of green hydrogen-based steel production in the region.
Evaluating Sites in India and Oman
ACME Group is currently evaluating potential locations for the facility, considering sites in India or Oman — both strategically positioned near its existing green energy projects. The company is already developing a green hydrogen plant in Odisha. It is in advanced stages of constructing another in Oman, reinforcing its position as a leader in renewable and green hydrogen technologies.
Expanding a Diverse Clean Energy Portfolio
ACME Group operates across solar, wind, hybrid, and dispatchable renewable energy segments. The company currently has an operational solar capacity of 2,700 MW, with several large-scale projects underway to support industrial decarbonization.
Supporting India’s Green Industrial Transition
The upcoming DRI facility will strengthen India’s capacity for eco-friendly steel production. It will also advance the country’s green industrial transition. As reported by projectstoday.com, by integrating renewable energy with advanced metallurgical processes. ACME aims to contribute to a sustainable, low-carbon manufacturing ecosystem that can meet future global demand for green steel.
