On Thursday, 5T Secretary VK Pandian visited the ArcelorMittal Nippon Steel (AM/NS) India planned steel factory site in the Mahakalapada block of this city. Hemant Sharma, the secretary for industries, and other top officials joined Pandian as he studied the map of the region in the Petachela gram panchayat’s coastline villages. He also had conversations regarding the potential steel mill with the locals.
To place Kendrapara’s coastal areas on India’s economic map, the state government is resolved to construct a steel mill there. After the steel plant is built, many young people in the area will have access to employment and other opportunities, he claimed.
Following a meeting with NSC’s president Eiji Hashimoto in Tokyo, Chief Minister Naveen Patnaik announced NSC’s intention to build the largest steel plant in the world in Odisha earlier this month while on a visit to Japan. The state government and AM/NS inked an MoU in March 2021 for the construction of a 12 MTPA integrated steel factory at Kendrapara at a cost of Rs 50,000 crore. Executive chairman of AM/NS India LN Mittal visited the area in August of that year to assess the amount of land that was available in the district’s coastline communities, including Badatubi, Sanatubi, Hetamundia, Kansaradia, Nipania, Petachela, and Batighar, for the construction of the proposed steel mill.
AM/NS India recently announced plans to invest Rs 1.02 lakh crore to build a 24 MTPA steel factory in Kendrapara that will use sustainable technology. This facility will be larger than POSCO’s 23 MTPA steel mill in Gwangyang, South Korea, which is now the biggest in the world. On that day, Pandian traveled about the neighborhood, including to the well-known Ramachandi shrine in Mahakalapada. Security at the prospective steel factory site was increased in advance of the 5T secretary’s arrival.
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