Odisha: Lakshmi Mittal's Nippon Steel To Set Up Rs 50,000 Cr Plant
Odisha Chief Minister Naveen Patnaik, via Twitter, revealed that the state government had signed an MoU with ArcelorMittal Nippon Steel India to set up a steel plant in the Kendrapara district. Setup with Rs 50,000 crore investment, the integrated plant will have an annual production capacity of 12 million tons. Earlier in 2013, a similar plan by the company was dropped due to unsuitable land and the unavailability of a mining permit.
Tags: ArcelorMittal Nippon Steel India, Odisha, Steel, naveen patnaik, Lakshmi Mittal
Courtesy: Deccan Herald