ArcelorMittal Nippon Steel (AMNS) India will initiate construction of the proposed Paradip plant by January 2024, marking the commencement of a 7 Million tonnes per annum (MTPA) project. This will represent the company’s first greenfield plant in the country and one of the few worldwide built by ArcelorMittal.
Hemant Sharma, the principal secretary of Odisha’s industry department, announced that the state government has allocated 1,485 acres of land to the company for the proposed project, involving an investment of INR 38,000 crore in the steel plant.
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AMNS is already established in Odisha. The company has an iron ore mine, slurry pipeline, and pellet plant situated in Paradip, the coastal town hosting one of India’s significant ports. Alongside the Paradip operations, the steel giant has put forward plans for a plant in Kendrapara, Odisha. However, the initiation of that project might require additional time.
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