Arcelor Mittal Nippon Steel India Inks Pact With Odisha To Set Up Steel Plant

by Dikhyaa Mohanty
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The Odisha government signed a Memorandum of Understanding (MoU) with Steelmaker Arcelor Mittal Nippon Steel India for an integrated steel plant in the Kendrapada district.

As per the report, the Government of Odisha has proposed a 12 MTPA integrated Steel Plant which will be set up with an investment of Rs 50,000 crore. Odisha Chief Minister Naveen Patnaik and Steelmaker Lakshmi N Mittal were present during the signing of the Memorandum of Understanding (MoU) at Lokaseva Bhavan in Bhubaneswar.

Even earlier also Mittal met CM Patnaik to discuss his company Arcelor Mittal’s projects in the State at Naveen Niwas. Mittal stated that he is happy to partner with the Odisha government in setting up the integrated steel complex at Kendrapara.

Pic Courtesy – Twitter

He also added that he is amazed at the speed of work by the state government and termed it as the best he has witnessed in his world-wide business experience.

Earlier Chief Minister Patnaik claimed that Odisha has successfully emerged as the most attractive investment destination in the country because of its forward-looking industrial policy, facilitation mechanism, and robust infrastructure growth.

Even recently Union Minister Dharmendra Pradhan also discussed several issues with Arcelor Mittal executive chairman LN Mittal and CEO Aditya Mittal. They discussed driving domestic steel demand and making the Indian industry more vibrant among other issues.

Pic Courtesy – Twitter

Pradhan also tweeted- “Had a fruitful meeting with Mr. Lakshmi Niwas Mittal, Chairman & CEO of ArcelorMittal @ArcelorMittal. We had good discussions on sustainable energy, driving domestic steel demand, boosting steel consumption, and making our steel and oil & gas industry more vibrant and competitive.”

India has other investments in Odisha, which includes the 6 MTPA pelletization plant in Paradip and later will be expanded to 12 MTPA and the benefaction complex and slurry pipeline projects already operational in Keonjhar.

Image Source – Google

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