ArcelorMittal, Greenko Group tie up for renewable power generation

On 22 Mar’22, ArcelorMittal announced a renewable energy partnership with Greenko Group as part of its strategy to reduce carbon footprint. The steel major will invest $600 million to own and fund a 975 megawatt (MW) renewable energy project in Andhra Pradesh. Dilip Oommen, CEO, AM/NS India, said: “The strategic project reinforces our firm commitment towards sustainability that lays strong emphasis on decarbonisation of steel.”