ArcelorMittal Nippon Steel India begins feasibility study for steel plant

11 May 2021 CW Team

ArcelorMittal Nippon Steel India (AM/NS India) has started a feasibility study with the Odisha government for its proposed 12 million tonne per annum (mtpa) integrated steel plant in the state's Kendrapara district.

As we have reported earlier, AM/NS India had signed a memorandum of understanding (MoU) with the Odisha government in March 2021 to set up a greenfield project in Kendrapara at an investment of Rs 50,000 crore.

AM/NS, in cooperation with the Odisha government has started a feasibility study, securing relevant permissions, land acquisition, developing logistics infrastructure, and other enabling conditions to plan for the project construction.

The Thakurani iron ore mines in Odisha, which AM/NS India won in an auction, are now producing at full capacity of 5.5 mtpa. The company's second pellet plant in Odisha is expected to be completed in April-June 2021, adding 6 mtpa to the company's total pellet production capacity of 20 mtpa, according to AM/NS.

AM/NS India is a 60-40 joint venture between Japan's Nippon Steel and Luxembourg-based ArcelorMittal.

Image Source

Also read: ArcelorMittal Nippon Steel to set up Rs 50,000-cr integrated unit in Odisha

Infrastructure Urban

30 Oct 2025

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..