ArcelorMittal Nippon to build mega steel plant
Steel

ArcelorMittal Nippon to build mega steel plant

Steelmaker ArcelorMittal Nippon Steel India (AM/NS India) on Thursday signed an MoU with the Odisha government for setting up a 12 million tonnes per annum (MTPA) greenfield integrated steel plant in Kendrapara district with an investment of Rs 50,000 crore.

Odisha’s Chief Minister, Naveen Patnaik and steelmaking tycoon Lakshmi N Mittal were present during the signing of the Memorandum of Understanding (MoU) at the state secretariat, Lokaseva Bhavan.

Kendrapara on the east coast provides ideal prospects for an Integrated Steel Complex, Patnaik said. The state government will provide the required support and facilitation for the setting up of this mega project.

According to official data, land acquisition and other work for grounding the project are set to start soon. In addition to this, other investments of AM/NS in Odisha include the 6 MPTA pelletisation plant in Paradip which will now be expanded to 12 MTPA. The beneficiation complex in Keonjhar and the slurry pipeline are already operational.

The Chief Minister advised Mittal to add value to the mineral resources procured from Odisha in the state itself to aid the creation of more employment opportunities.

AM/NS India has now acquired the Paradip pellet plant and Dabuna beneficiation plant of Essar in Odisha. The company has also bagged two mines called Sagasahi and Thakurani iron ore blocks in Odisha.

Odisha produces close to 110 MT of iron ore a year, which is nearly 25% of the country’s total steel. From 2014 to 2018 the state’s crude steel output went from 8.8 MTPA to 23 MTPA.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

Steelmaker ArcelorMittal Nippon Steel India (AM/NS India) on Thursday signed an MoU with the Odisha government for setting up a 12 million tonnes per annum (MTPA) greenfield integrated steel plant in Kendrapara district with an investment of Rs 50,000 crore. Odisha’s Chief Minister, Naveen Patnaik and steelmaking tycoon Lakshmi N Mittal were present during the signing of the Memorandum of Understanding (MoU) at the state secretariat, Lokaseva Bhavan. Kendrapara on the east coast provides ideal prospects for an Integrated Steel Complex, Patnaik said. The state government will provide the required support and facilitation for the setting up of this mega project. According to official data, land acquisition and other work for grounding the project are set to start soon. In addition to this, other investments of AM/NS in Odisha include the 6 MPTA pelletisation plant in Paradip which will now be expanded to 12 MTPA. The beneficiation complex in Keonjhar and the slurry pipeline are already operational. The Chief Minister advised Mittal to add value to the mineral resources procured from Odisha in the state itself to aid the creation of more employment opportunities. AM/NS India has now acquired the Paradip pellet plant and Dabuna beneficiation plant of Essar in Odisha. The company has also bagged two mines called Sagasahi and Thakurani iron ore blocks in Odisha. Odisha produces close to 110 MT of iron ore a year, which is nearly 25% of the country’s total steel. From 2014 to 2018 the state’s crude steel output went from 8.8 MTPA to 23 MTPA.

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000