ACME Group Plans to Set Up 1.2 MTPA DRI Facility with ₹5,000 Crore Investment

ACME Group, known for its clean energy ventures, is preparing to invest around ₹5,000 crore to build a direct reduced iron (DRI) facility, as per the news reports. The initiative aligns with the company’s broader goal of expanding into green industrial production, complementing its ongoing renewable energy projects in India and abroad.

Green DRI and HBI Production Plans

In the first phase, ACME intends to set up a plant with an annual capacity of 1.2 million tonnes to manufacture Green Hot Briquetted Iron (HBI) and Green Direct Reduced Iron (DRI), key raw materials for producing low-emission or “green” steel. These materials are designed to replace conventional iron inputs, significantly cutting carbon intensity in the steelmaking process.

According to news reports, ACME Group Chairman Manoj Kumar Upadhyay stated that the new facility would showcase the company’s leadership in clean technology manufacturing. “Our greenfield plant will produce some of the lowest-emission green HBI and DRI globally, reaffirming our commitment to sustainable industrial growth,” he said.

Proposed Location and Project Scope

While the exact location is yet to be finalised, the company is evaluating sites either in India or Oman, close to one of its existing facilities. ACME already operates large-scale renewable energy projects in both regions, making them strategic choices for the new venture.

The group is also developing a green hydrogen plant in Odisha and is in the advanced stages of constructing a similar facility in Oman, both intended to supply clean hydrogen for industrial and export applications.

Diversified Clean Energy Portfolio

Headquartered in Gurugram, ACME Group has built a diversified portfolio covering solar, wind, hybrid, and dispatchable renewable energy solutions. Its operational solar capacity currently stands at 2,700 MW, and it continues to expand its footprint in green hydrogen and allied technologies.

Read More: ACME Solar Subsidiary Secures ₹3,892 Crore SBI Loan!

Conclusion

With the planned investment in a green DRI facility, ACME Group is positioning itself at the forefront of India’s emerging green steel and hydrogen economy. The initiative not only supports the decarbonisation of heavy industries but also strengthens ACME’s role as a key enabler of sustainable infrastructure in India and beyond.

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