AM/NS India likely to break ground for Paradeep steel plant in Dec-Jan

The joint venture between global steelmakers, ArcelorMittal and Nippon Steel, is looking at setting up two greenfield plants in Odisha - a 12 mt plant at Kendrapara district and 7 mt at Paradeep

ArcelorMittal Nippon Steel India (AM/NS India) is anticipated to commence construction of its 7 million tonne (mt) greenfield steel plant at Paradeep, Odisha, in December or January, according to Hemant Sharma, the industries secretary of Odisha.

The collaboration between global steelmakers, ArcelorMittal and Nippon Steel, is exploring the establishment of two greenfield plants in Odisha: a 12 mt plant in Kendrapara district and a 7 mt facility at Paradeep.

Sharma revealed that the investment for the 7 mt Paradeep plant would amount to Rs 38,000 crore. AM/NS India, however, declined to comment.

In its recent announcements of financial results, ArcelorMittal,