Arcelormittal nippon steel - Latest News Update, Information, Photos & Videos on Arcelormittal nippon steel at Lokmat Times

An Memorandum of Understanding (MoU) was signed on Thursday between the Government of Odisha and ArcelorMittal Nippon Steel for setting up of a 12 million tonne integrated steel plant in Kendrapara district of Odisha with an investment of Rs 50,000 crores.Odisha Chief Minister Naveen Patnaik and ArcelorMittal Chairperson and CEO Lakshmi Vilas Mittal have signed the deal.Today, Union Minister of Petroleum and Natural Gas Dharmendra Pradhan had said Odisha's long coastline is going to be the epicentre for the development of India."The government-led initiatives in the petroleum and steel sectors will provide impetus to the maritime economy in Odisha. Integration of crucial infrastructures like road, rail and port will lead to the industrial development of the state. Potential for the port-led blue economy will be unlocked with the multi-modal rail, road and air linkages with sea and riverine ports for transport of minerals and goods at much lower logistics cost," he added.Similarly, on February 28, 2020, Pradhan had said that Odisha would be made a nerve center in the steel sector. He participated in the workshop on "Enabling procedures for the increase of steel used for the growth of the economy".Speaking on the occasion, Pradhan had said he is looking forward to making Odisha, the nerve center of Purvodaya (rise of the east) in steel sector."Prime Minister Narendra Modi has given a clarion call for Mission Purvodaya, that is Eastern India driving the national growth and propelling India towards becoming a USD 5 trillion economy," he added.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Arcelormittal nippon steel, Latest News

National :World Economic Forum: Andhra govt signs 3 MoUs, AMNS India announces Rs 1,000 crore investment

ArcelorMittal Nippon Steel (AMNS) India on Tuesday announced that it will invest Rs 1,000 crore in Andhra Pradesh to expand its pellet plant capacity. ...

Business :ArcelorMittal Nippon Steel to set up steel plant in Odisha with Rs 1.02 lakh crore investment

ArcelorMittal Nippon Steel, a joint venture between the world's leading steel manufacturer ArcelorMittal and Nippon Steel in India, will set up an integrated steel plant in Kendrapara district of Odisha with an investment of Rs.1.02 lakh crore. ...

National :Odisha inks MoU with Arcelor Mittal, company to invest Rs 50,000 cr to set up steel plant

An Memorandum of Understanding (MoU) was signed on Thursday between the Government of Odisha and ArcelorMittal Nippon Steel for setting up of a 12 million tonne integrated steel plant in Kendrapara district of Odisha with an investment of Rs 50,000 c ...