ACME Group is set to allocate Rs 5,000 crore toward establishing a direct reduced iron (DRI) plant. The initial phase will feature a production capacity of 1.2 million tonnes annually, focusing on green HBI (Hot Briquetted Iron) and green DRI, both vital for manufacturing environmentally friendly steel, sources familiar with the project said.
“Our upcoming greenfield plant aims to deliver some of the cleanest low-carbon emission HBI and DRI products, reinforcing our position at the forefront of sustainable technology innovation in India,” stated ACME Group Chairman Manoj Kumar Upadhyay, who did not disclose specific investment figures.
Regarding the site, the project is being evaluated for either an Indian or Omani location, close to one of the company’s current operations. ACME Group is also advancing its green hydrogen initiatives, with one facility underway in Odisha and another nearing completion in Oman.
Based in Gurugram, the company’s portfolio includes solar, wind, hybrid, and dispatchable renewable energy projects, along with large-scale utility solutions. Currently, ACME operates 2,700 MW of solar power capacity.
ACME Cleantech Solutions , commonly known as the ACME Group, is a prominent player in the global sustainable and renewable energy sector. Established in 2003 by Manoj K Upadhyay, the company is headquartered in Gurugram, Haryana, India. Mr Upadhyay, a visionary entrepreneur and innovator, has been at the forefront of introducing cutting-edge technology solutions, driven by extensive research and a forward-thinking approach. In its early years, ACME’s solutions were primarily designed to optimize energy consumption within the telecom industry
