WEF 2022: Andhra signs 3 MoUs, AMNS India announces Rs 1,000 cr investment

World Economic Forum 2022: ArcelorMittal Nippon Steel India intends to complete the expansion project in 2023


(Photo: Bloomberg)

BS Web Team
ArcelorMittal Nippon Steel (AMNS) India on Tuesday announced that it will invest Rs 1,000 crore in Andhra Pradesh to expand its pellet plant capacity in Vizag.

The state government also signed three MoUs for generating green energy while big-ticket company heads held discussions with Andhra Pradesh Chief Minister Jagan Mohan Reddy at the World Economic Forum (WEF) summit in Davos.

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"ArcelorMittal Nippon Steel India has confirmed a proposed investment of INR 1,000 crore towards brownfield expansion of its Vizag pellet plant in Andhra Pradesh," the company said in a statement.

First Published: May 25 2022 | 10:44 AM IST

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