ACME Group to infuse `5,000 cr into DRI facility

New Delhi: ACME Group is planning to invest Rs 5,000 crore to set up a direct reduced iron (DRI) facility, according to industry sources.A capacity of 1.2 million tonnes per annum (MTPA) will be set up in the first phase to produce green HBI/GRI (Green Hot Briquetted Iron and Green Direct Reduced Iron for use in making green steel), sources close to the development said.