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

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

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

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

Next Story
Infrastructure Transport

Leh Airport Goes Green

Leh Kushok Bakula Rinpoche Airport is set to become India’s first airport powered by geothermal and solar energy, marking a significant milestone in sustainable aviation. This initiative, undertaken at an estimated cost of Rs 6.50 billion, aligns with efforts to transform Ladakh into a carbon-neutral region. With airports being major energy consumers, this project represents a crucial step toward reducing carbon emissions in aviation infrastructure.  The airport’s innovative approach involves replacing conventional air-conditioning systems with underfloor heating using geothermal..

Next Story
Infrastructure Urban

CCI Clears Tata Sons' Additional Stake Buy in Tata Play from Baytree

The Competition Commission of India has approved the acquisition of certain additional shareholding in Tata Play (Tata Play) by Tata Sons (Tata Sons) from Baytree Investments (Mauritius).The Proposed Combination involves the acquisition of 10% shareholding in Tata Play by Tata Sons.Tata Sons is an investment holding company, which is registered as a core investment company with the Reserve Bank of India and classified as a “Systemically Important Non-Deposit Taking Core Investment Company”.Tata Play, formerly known as Tata Sky, is one of India’s leading content distribution platforms pro..

Next Story
Infrastructure Urban

DARPG Releases 31st CPGRAMS Report for February 2025

The Department of Administrative Reforms and Public Grievances (DARPG) has released the 31st monthly report on the Centralised Public Grievance Redress and Monitoring System (CPGRAMS) for States and Union Territories (UTs) for February 2025. The report provides insights into the volume of grievances received, disposal rates, and major grievance categories across different states and UTs. Key Highlights from the Report Grievance Statistics: A total of 52,464 grievances were received in February 2025. 50,088 grievances were redressed during the month. As of 28th February 2025, the total pen..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?