ACME Group To Invest ₹5,000 Crore In 1.2 MTPA Green Steel Facility With Green Hydrogen Integration

ACME Group has announced a ₹5,000 crore investment to establish a 1.2 million tonnes per annum (MTPA) Green HBI and DRI facility in India, marking a significant step toward low-carbon industrial production. The facility will leverage green hydrogen sourced from ACME’s renewable energy projects, aiming to produce some of the lowest-emission steel products globally.

In a strategic international collaboration, ACME has signed a binding term sheet with Stavian Industrial Metal, a Vietnam-based metals trading company, for the long-term sale of 0.8 MTPA of green HBI and DRI on a take-or-pay basis over 10 years. The agreement is expected to strengthen ACME’s global footprint in the emerging green steel market.

The move aligns with India’s National Green Hydrogen Mission and supports global decarbonization trends. Analysts note that with increasing climate regulations, including the EU’s Carbon Border Adjustment Mechanism (CBAM) effective from 2026, demand for low-carbon steel in key sectors like automotive, construction, and manufacturing is set to rise.

ACME’s investment is expected to bolster India’s position in sustainable steel production while setting new benchmarks for technological integration of green hydrogen in steelmaking.