Chief minister Naveen Patnaik and industrialist LN Mittal in Bhubaneswar on Thursday.
BHUBANESWAR: In a major boost to Odisha’s industrial landscape, the ArcelorMittal Nippon Steel India Limited (AMNS India) on Thursday signed an MoU with the state government 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, sources said.
Bhubaneswar (Odisha) [India], March 4 (ANI): The Odisha government and ArcelorMittal Nippon Steel India Limited signed a memorandum of understanding (MoU) for setting up an Integrated Steel Complex in Kendrapara District.
The Government of Odisha and ArcelorMittal Nippon Steel India Limited signed an MoU today for setting up an integrated steel complex in Kendrapara District of the state for an investment of more than Rs 50,000 crore.
ArcelorMittal Nippon Steel is one of the largest steel makers of the world and combines the financial might of the LN Mittal Group including their international presence in the sector and the technological prowess and management strength of Nippon Steel, which is a Japanese company renowned in the world for its high-technology steel products. The MoU was signed in the presence of Chief Minister Naveen Patnaik and L N Mittal, Chairman of the Mittal Group. Prafulla Mallik, Minister Steel & Mines and Works and Atanu Sabyasachi Naik, MLA, Mahakalpara were also present.