Arcelor Mittal Nippon Steel signs MOU for Mega Steel Complex in Odisha

Bhubaneswar, In a historic development, Government of Odisha and Arcelor Mittal Nippon Steel India Limited signed an MoU for setting up an Integrated Steel Complex in Kendrapara District of Odisha. This project will entail in investment of more than Rs. 50,000 crore.

The MoU was signed in the august presence of Chief Minister Naveen Patnaik and L N Mittal, Chairman of the Mittal Group. Prafulla Mallik,  Minister Steel & Mines and Works and Atanu SabyasachiNaik, MLA, Mahakalpara were also present.

Chief Minister stated that, Kendrapara was the Karmabhumi of Biju Babu and he loved the place and its people from the core of his heart. He also stated that Kendrapara provides ideal prospects for an Integrated Steel Complex and the state Government will provide all the required support and facilitation for the setting up of this mega project. He also stated that Odisha has successfully emerged and the most attractive investment destination in the country today because of its forward looking industrial policy, facilitation mechanism and robust infrastructure growth.

Mittal mentioned that he is very happy to partner with Government of Odisha in setting up this integrated steel complex at Kendrapara, which is in addition to the other investments of company in Odisha including the 6 MTPA pelletization plant in Paradeep likely to be expanded to 12 MTPA and the beneficiation complex and slurry pipeline already operational in Keonjhar.

He further mentioned that he is amazed at the speed of work by the Government of Odisha, and termed it as the best he has experienced in his world-wide business experience. He reiterated that company  is committed to partner with Government of Odisha in the journey for industrial growth journey of the state.

The MoU was signed by the ShriHemant Sharma, Principal Secretary Industries and Dilip Oommen, Chief Executive Officer, AM/NS India. Chief Secretary, Development Commissioner, Principal Advisor to  Chief Minister, Secretary to Chief Minister Transformation and Initiatives (5T) and other senior officials of the state Government were also present.

Arcelor Mittal Nippon Steel is one of the largest steel makers of the world and combines the financial might of the L N Mittal Group including their international presence in the sector and the technological prowess and management strength of Nippon Steel, which is a Japanese company renowned in the world for its high-technology steel products.