AM/NS to invest over Rs 1 trn in a 24 mn tonne steel plant in Odisha

The company had earlier this year signed an MoU for setting up a 12 mt steel plant at Kendrapara, Odisha, at an investment of Rs 50,000 crore

A High-Level Clearance Authority of the Odisha government on Friday approved a proposal from ArcelorMittal Nippon Steel (AM/NS) to set up a 24 million tonne (mt) integrated steel plant at an investment of more than Rs 1 trillion.  

In a statement, IPICOL (Industrial Promotion & Investment Corporation of Odisha), the single-point of contact for all industrial investments in the state, said that under the chairmanship of Chief Minister Naveen Patnaik, the 27th meeting of the High-Level Clearance Authority has approved Arcelor Mittal Nippon Steel’s (AM/NS’s) proposal to set up a 24 mtpa integrated steel plant at Mahakalpara block of Kendrapara district