Sunday, December 21, 2025 | 05:09 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Odisha on radar for the Rs 150-bn SAIL-ArcelorMittal auto grade steel JV

The proposed JV plant will construct world-class facilities for manufacturing automotive steel that will offer technologically advanced steel products for India's rapidly growing automotive sector

steel
premium

Renaissance, a bidder for Electrosteel, had challenged the eligibility of the two bidders under Section 29A of the IBC

Jayajit Dash Bhubaneswar
Odisha, home to steel manufacturing units owned by Tatas, Jindals and others, is being considered as one of the potential locations for an automotive grade steel plant proposed jointly by ArcelorMittal and Steel Authority of India Ltd (SAIL).

SAIL has written to Odisha industries secretary Sanjeev Chopra, evincing interest to locate the auto grade steel facility in the state.
 
"The decision of site selection for the proposed unit would be taken based on the advice of relevant experts, and after conducting due diligence taking into account the location, availability of manufacturing inputs, infrastructure and facilities as well as incentives and