ArcelorMittal Nippon Steel India begins feasibility study for steel plant
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.