ArcellorMittal & Nippon Steel to invest Rs 2000 Cr in Odisha

Bhubaneswar: Global steel giant ArcellorMittal & Nippon Steel on Saturday expressed its willingness to invest around Rs 2000 crore in Odisha. The CEO of ArcellorMittal group Laxmi Mittal informed about the investment proposal while holding discussions with Odisha Chief Minister Naveen Patnaik via video conferencing today.
During the online discussion, Laxmi Mittal informed that his company is planning to expand the pellet plant at Paradip and increase its production capacity from 6 MTPA to 12 MTPA. He further said that expansion of his iron beneficiation facility at Dabuna in Keonjhar from 5 MTPA to 16 MTPA is also on the cards making it a total of investment proposals worth around Rs 2000 crore.

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