Odisha Affairs
AMNS India to set up Rs 50,000 crore steel mill in Kendrapada
In a major boost to Odishas industrial landscape, the ArcelorMittal Nippon Steel India Limited (AMNS India) on Thursday signed an MoU with the to set up a 12 mtpa integrated steel complex in Kendrapada district with an Investment of Rs 50,000 crore.
The deal was signed here in presence of chief minister Naveen Patnaik and executive chairman of ArcelorMittal LN Mittal. The development came two days after Mittal met Union steel minister Dharmendra Pradhan in New Delhi where discussion about the proposed project was held.
hough the exact location of the project is yet to be decided, sources said the complex will come up near Mahakalapada, close to the proposed riverine port on Mahanadi and newly-built Haridaspur-Paradip rail line. Around 4,000 acres including government, private and other categories of land will be acquired. Then chief secretary Asit Tripathy and 5T secretary V K Pandian had visited Kendrapada last year as part of the groundwork for a big industrial project there leading to this.
National and International Affairs
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