ArcelorMittal Nippon Steel to Build India's Largest Plant in Andhra

10 Mar 2025 CW Team

The ArcelorMittal Nippon Steel India (AMNS) plant is currently being established at Nakkapalli in Anakapalli district with a total investment of Rs 1.47 trillion. The project will be executed in two phases, with an investment of Rs 617.80 billion in the first phase and Rs 853.82 billion in the second. Once fully operational, the plant will have a production capacity of 17.80 Million Tonne Per Annum (MTPA), with 7.30 MTPA in the first phase and 10.50 MTPA in the second.

The decision to set up the steel plant in Andhra Pradesh followed extensive efforts by the State government’s task force on investments. The plant is expected to generate approximately one lakh jobs, significantly contributing to employment and economic development in the region.

Initially, AMNS had considered establishing the facility in Odisha. However, after discussions between the Andhra Pradesh government and Aditya Mittal at the World Economic Forum in 2018, the company shifted its focus to Andhra Pradesh. The proposal was followed up consistently, ultimately leading to the decision to set up the plant in Nakkapalli.

The project is seen as a major milestone for the state’s industrial sector and is expected to boost economic growth. With its establishment, the AMNS plant is set to become the largest steel manufacturing facility in the country. The investment reflects the company’s confidence in the state's business environment and governance.

News source: The Hindu

Equipment

09 Jan 2026

BKT Partners All Teams in India’s Women’s T20 League

Balkrishna Industries (BKT), a global leader in the off-highway tyre market, announced its association as the Official Tyre Partner for all five teams competing in India’s premier women’s T20 championship – Mumbai Indians, Royal Challengers Bangalore, Delhi Capitals, Gujarat Giants, and UP Warriorz – for the upcoming season. This move reinforces BKT’s commitment to using sport as a platform for inclusion, opportunity, and long-term development.These partnerships reflect BKT’s belief in the transformative power of sport, particularly in advancing women’s participation and creating..

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..