ArcelorMittal Nippon Steel to invest ₹1.02 lakh cr. in Odisha
The Hindu
Plans to set up 24 MTPA steel plant, 18.75 MTPA cement facility in Mahakalpara
The Odisha government on Friday approved ArcelorMittal Nippon Steel’s proposal to set up a 24 million tonne per annum integrated steel plant in Mahakalpara block of Kendrapara district at an estimated investment of ₹1.02 lakh crore.
Touted to be the largest project in the country’s manufacturing sector, the proposed facility of AM/NS (the Kendrapara complex), would produce various grades of steel with its latest ‘green’ steel making technology and also make 18.75 MTPA of cement.
On completion, the steel and cement facilities would both be India’s largest single location greenfield projects, respectively. The project is proposed to be completed in phases over seven years.
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