AM/NS to launch Rs 1.4 trillion steel project in Andhra Pradesh
Steel

AM/NS to launch Rs 1.4 trillion steel project in Andhra Pradesh

In the initial phase of the project, ArcelorMittal Nippon Steel plans to establish a blast furnace steel plant with a capacity of 7.3 million metric tonnes per annum (MMTPA) and an initial investment of Rs 800 billion. The company has requested 2,600 acre of land for this phase.

In the subsequent phase, AM/NS intends to increase capacity by an additional 10.5 MMTPA with an investment of Rs 600 billion and has sought an extra 2,000 acre of land. Approximately 1,800 acre of land is readily available adjacent to the Nakkapalli bulk drug park and can be provided.

Manoranjan Kumar, chief of ports operations and development at AM/NS, stated that the company plans to achieve a steel manufacturing capacity of 40 MMTPA by 2035. He mentioned that, as part of their expansion strategy, they were exploring coastal locations in Andhra Pradesh and Odisha. Kumar highlighted that the primary considerations for establishing a steel project are the availability of land and port facilities, both of which Nakkapalli meets.

A key requirement for AM/NS at Nakkapalli is a captive jetty. Kumar noted that having a jetty would facilitate the sourcing of raw materials globally at competitive prices, which is crucial for their expansion strategy. He emphasised that the site at Nakkapalli is particularly promising in this regard.

In the initial phase of the project, ArcelorMittal Nippon Steel plans to establish a blast furnace steel plant with a capacity of 7.3 million metric tonnes per annum (MMTPA) and an initial investment of Rs 800 billion. The company has requested 2,600 acre of land for this phase. In the subsequent phase, AM/NS intends to increase capacity by an additional 10.5 MMTPA with an investment of Rs 600 billion and has sought an extra 2,000 acre of land. Approximately 1,800 acre of land is readily available adjacent to the Nakkapalli bulk drug park and can be provided. Manoranjan Kumar, chief of ports operations and development at AM/NS, stated that the company plans to achieve a steel manufacturing capacity of 40 MMTPA by 2035. He mentioned that, as part of their expansion strategy, they were exploring coastal locations in Andhra Pradesh and Odisha. Kumar highlighted that the primary considerations for establishing a steel project are the availability of land and port facilities, both of which Nakkapalli meets. A key requirement for AM/NS at Nakkapalli is a captive jetty. Kumar noted that having a jetty would facilitate the sourcing of raw materials globally at competitive prices, which is crucial for their expansion strategy. He emphasised that the site at Nakkapalli is particularly promising in this regard.

Next Story
Infrastructure Urban

Minister urges swift removal of obstacles in infrastructure projects

G R Anil, Food and Civil Supplies Minister, highlighted that numerous obstacles impede the initiation of large projects, emphasising the need to eliminate unnecessary protests and misinformation that hinder development. He made these remarks during the inauguration of the organising committee for the Pothencode-Mangalapuram road at the Pothencode panchayat office. The minister expressed the goal of completing the road construction within five months, stating that its completion would resolve traffic issues in Pothencode. He also announced that the Public Works Department (PWD) Minister Moham..

Next Story
Infrastructure Urban

90 Infra Projects Worth Rs 34.17 bn Approved for North East in 4 Years

The Ministry of Development of North Eastern Region (MDoNER) has approved 90 projects with a total expenditure of Rs 34.17 billion under the North East Special Infrastructure Development Scheme (NESIDS) over the past three financial years (2021-22 to 2023-24) and the on-going financial year 2024-25. This announcement was made in a written reply in the Lok Sabha by Sukanta Majumdar, Union Minister of State for Development of North Eastern Region. The NESIDS scheme is categorised into two components: NESIDS (roads): This component focuses on developing physical assets such as roads, bridges,..

Next Story
Building Material

Steel Ministry restricts import of substandard products

The central government has identified instances of substandard steel imports and has taken measures to prevent their entry into the country. The Ministry of Steel stated that cheaper imports tend to lower domestic steel prices and negatively impact both large and small steel producers. According to the ministry, numerous traders and manufacturers have been attempting to bypass the Bureau of Indian Standards (BIS) requirements by making minor alterations to steel grades. Official reports indicate that this appears to be an effort to import inexpensive steel under the guise of different grades. ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000