Read more about Mega steel plant in Odisha to bring wave of economic development: Pradhan on Business Standard. Pradhan on Friday said the Rs 50,000 crore integrated steel plant in Odisha will bring jobs
ArcelorMittal-Nippon Steel India and the Odisha government signed the MoU on March 4 for setting up a 12 MT integrated steel plant in Kendrapada district of Odisha
Mega steel plant to bring new wave of economic development, create jobs in Odisha: Dharmendra Pradhan
Synopsis
This ArcelorMittal-Nippon mega steel plant in Kendrapada will benefit from massive infrastructure developments in the region over the past six years such as expansion of Paradip port and setting up of Mahanadi riverine port, key freight and passenger rail corridors such as the Paradip-Haridaspur new line, fast-track construction of highways etc.
Agencies
Pradhan had earlier launched Mission Purvodaya with an aim to make eastern India an integrated steel hub through setting up a steel cluster and greenfield capacity addition.
Union minister Dharmendra Pradhan on Friday said the Rs 50,000 crore integrated steel plant in Odisha will bring a new wave of economic development and employment generation in the state and will give boost to Prime Minister Narendra Modi s vision of Aatmanirbhar Bharat. Pradhan also congratulated ArcelorMittal-Nippon Steel India and the Odisha gove
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ArcelorMittal to set up integrated steel plant with Rs 50,000cr investment in Kendrapada
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.
ArcelorMittal Nippon Steel India (AM/NS India) and the Odisha government signed a memorandum of understanding (MoU) on Thursday for setting up a 12 million tonne integrated steel plant. Chief Minister Naveen Patnaik in a tweet said that the Odisha government had signed an MoU with AM/NS India for a 12 million tonne per annum (mtpa) integrated steel plant in Kendrapara district, with an investment of Rs 50,000 crore, giving a major boost to “Invest in Odisha”. The MoU was signed by Hemant Sharma, principal secretary (industries) and Dilip Oommen, chief executive officer (CEO), AM/NS India, in the presence of Patnaik and ArcelorMittal Executive Chairman L N Mittal.