Bhubaneswar: Prospects for ArcelorMittal Nippon Steel's proposed steel plant in Odisha’s Kendrapara district have strengthened following a key notification from the Revenue Department. Industries Minister Sampad Swain highlighted ongoing infrastructure work, including roads, electricity, and plans for a new railway line, emphasizing Odisha’s focus on industrial expansion. Local MLA Durga Prasad Nayak praised community backing for the plant, which is …
KENDRAPARA: The state government on Saturday announced to acquire land in the seaside villages of Ramnagar, Kharinashi and Batighar gram panchayats under the Mahakalapada block of Kendrapara district for establishment of a steel plant of ArcelorMittal Nippon Steel. Expressing happiness over the decision, the vice-chairman of Mahakalapada block Bijay Shukla hoped the establishment of the steel plant would bring substantial …
ArcelorMittal, world’s largest steel maker on Monday completed the acquisition of Essar Steel India Limited, and simultaneously established a joint venture with Nippon Steel Corporation, called ArcelorMittal Nippon Steel India Limited, which will own and operate ESIL. “ArcelorMittal holds 60% of AM/NS India, with Nippon Steel holding the balance,” said a company statement adding that Aditya Mittal, president and CFO …
