ArcelorMittal Nippon Steel India to Set up Mega Steel Plant in Odisha at Rs 50,000 Crore

Bhubaneswar: The Odisha government and ArcelorMittal Nippon Steel India on Thursday signed an MoU for setting up a 12 million ton integrated steel plant in Kendrapada district with an investment of Rs 50,000 crores. Also Read – From PM Modi to Amit Shah: Top Leaders Who Received Jabs On Day 1 of Stage II COVID Vaccine Drive

Chief Minister Naveen Patnaik and steel tycoon Lakshmi Mittal were present during the signing of the MoU at New Convention Centre in the Lokaseva Bhavan. Also Read – Coronavirus Travel Guidelines: This State Mandates Week-Long Home Isolation For People Coming From Maharashtra, Kerala, MP, Punjab and Chhattisgarh | Key Points

Odisha government and ArcelorMittal Nippon Steel India sign MoU for setting up a 12 million ton integrated steel plant in Kendrapada district with an investment of Rs 50,000 crores. pic.twitter.com/Ts14FvMjnf Also Read – Over 25 Students of a Technical University in Odisha Test COVID Positive, Quarantined

— ANI (@ANI) March 4, 2021

Before signing of the MoU, Mittal met CM Naveen at his residence and discussed his company ArcelorMittal’s projects in the state.

The development comes days after Union Minister Dharmendra Pradhan discussed several issues with Arcelor Mittal executive chairman LN Mittal and CEO Aditya Mittal.

The Union Minister had earlier said that they had held discussions on driving domestic steel demand and making the Indian industry more vibrant among other issues.

“Had a fruitful meeting with Mr. Lakshmi Niwas Mittal, Chairman & CEO of ArcelorMittal @ArcelorMittal. We had good discussions on sustainable energy, driving domestic steel demand, boosting steel consumption and making our steel and oil & gas industry more vibrant and competitive,” Pradhan had earlier tweeted.