ACME Group signed the land agreement with Tata Steel Special Economic Zone Limited (TSSEZL) for 343 acres for its green H₂ and ammonia project at the Gopalpur Industrial Park (GIP) in Odisha, making it the first ever green H₂ project of the state. ACME Group plans to partner with Japan’s IHI Corporation for this project.

The agreement was signed between Shri Manikanta Naik, Managing Director, TSSEZL, and Shri Sandeep Kashyap, Chief Operating Officer, ACME Group, in the presence of Shri Hemant Sharma, IAS, Principal Secretary, Industries Department and Chairman, IDCO & IPICOL, Government of Odisha. ACME Group plans to set up a nearly 1.3-MMtpy green ammonia production facility at GIP. This green ammonia will be produced from green H₂, and the production facilities will be powered by renewable power. The project will be established at Tata Steel Special Economic Zone’s Gopalpur Industrial Park at Gopalpur in Ganjam District of Odisha.

The green ammonia produced at this facility will be exported to markets in the West and East from the existing Gopalpur port facilities.

Manoj K Upadhyay, Founder & Chairman, ACME Group said, “We are grateful to the Hon'ble Chief Minister of Odisha Shri Naveen Patnaik Ji, Department of Industries, Govt of Odisha, and other stakeholders for extending support to ACME Group's green H₂ and green ammonia project in the State. We have signed the land agreement with Tata Steel Special Economic Zone Limited (TSSEZL) for setting up the facilities. We extend our sincere gratitude to the hon’ble Union minister for Power, New and Renewable Energy Shri R K Singh Ji and Ministry of New and renewable Energy for their constant support and persuasion to take up the green H₂ and green ammonia project to make India a global hub for green H₂ and its derivatives. This project will help us to offer Make in India green H₂ and green ammonia to domestic and international markets at competitive price. We are also happy to announce the great outcome of the recently held Invest Odisha Summit in Tokyo led by Hon'ble Chief Minister of Odisha and delegation, which will be fructified through this project. Japan’s IHI signed a preliminary agreement during the summit to invest in green energy project in Odisha.”

Hemant Sharma, IAS, Principal Secretary, Industries Department and Chairman, IDCO & IPICOL, Government of Odisha, said, "We envision Odisha as the hub of green H₂ and green ammonia and a leader in the Green Fuel Economy. The state government is firmly committed to green energy, recognizing it as the fulcrum of our future. To catalyze this vision, we're offering best-in-class incentives. Our progressive policy is a testament to our dedication towards a sustainable and prosperous future.”

Manikanta Naik, Managing Director, Tata Steel Special Economic Zone Limited, said, "We are glad that with plug-and-play infrastructure, multi-modal logistics connectivity, ready environmental clearance, and a clear land title, Gopalpur Industrial Park, in a very short span since its inception, is fast emerging as the preferred investment destination of India. We would also like to thank the government of Odisha for its industry-friendly policies and incentives that are attracting investments to the state of Odisha." "We already have some valued clients operational in the industrial park and attracted investment of around Rs 4,000 crore, and we are eagerly looking forward to a lot more investors coming forward, adding to the industrial progress of the region," he added. TSSEZL, a 100% subsidiary of Tata Steel, is developing its flagship industrial park, Gopalpur Industrial Park (GIP), in Odisha’s Ganjam district. The company aims to develop the GIP as an emerging manufacturing hub for both domestic and export-oriented industries.