ArcelorMittal inks pact with Odisha to set up Rs 50,000 cr steel plant
Chief Minister Naveen Patnaik and steel tycoon Lakshmi N Mittal were present during the signing of the Memorandum of Understanding (MoU) at Lokaseva Bhavan
 "Naveen Patnaik")
Steelmaker ArcelorMittal Nippon Steel India (AM/NS India) on Thursday inked an agreement with the Odisha government for setting up a 12 mtpa integrated steel plant in Kendrapada district with an investment of Rs 50,000 crore, officials said.
Chief Minister Naveen Patnaik and steel tycoon Lakshmi N Mittal were present during the signing of the Memorandum of Understanding (MoU) at Lokaseva Bhavan.
Mittal met Patnaik at his residence Naveen Niwas earlier in the day and discussed his company ArcelorMittal's projects in the state, an official said.
The industrialist had met Union Steel Minister Dharmendra Pradhan in New Delhi on Tuesday.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Mar 04 2021 | 4:34 PM IST