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ArcelorMittal Nippon Steel to invest Rs 1 lakh cr to set up steel plant in Odisha

MoU Signing for the Integrated Steel Complex by ArcelorMittal Nippon Steel India at Kendrapara held

MoU Signing for the Integrated Steel Complex by ArcelorMittal Nippon Steel India at Kendrapara held
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ArcelorMittal Nippon Steel to set up Rs 50,000 cr integrated unit in Odisha

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.

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