Ahmedabad, Aug 20 (PTI) The world's leading steel and mining conglomerate ArcelorMittal would invest Rs 1,00,000 crore in different projects in Gujarat, including its steel plant at Hazira near Surat, a Gujarat government release said.

ArcelorMittal Chairman Lakshmi Niwas Mittal along with the CEO of ArcelorMittal Nippon Steel India (AM/NS India), Dilip Oommen, called upon Gujarat Chief Minister Vijay Rupani at Gandhinagar on Friday, the release said.

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During the meeting, Mittal "expressed his commitment to invest Rs 50,000 crore for the expansion of Hazira-based steel plant", said the release.

Notably, AM/NS India had taken over the steel plant from Essar in 2019 following an insolvency proceeding initiated by lender banks.

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According to the release, Mittal is also willing to invest another Rs 50,000 crore in solar energy, wind energy and hydrogen gas production in Gujarat.

In all, the group would invest Rs 1,00,000 core in the near future in Gujarat, it said.

Rupani welcomed the decision and assured to provide all necessary help, the release said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)