Corporate News
ArcelorMittal plans new steel unit in Odisha, to invest Rs 50,000 crore

India-born billionaire Lakshmi Mittal is revisiting a plan to set up a large greenfield steel plant in the mineral-rich Odisha. ArcelorMittal-Nippon Steel India (AM/NS India), a 60:40 joint venture between world’s largest steelmaker ArcelorMittal and Japan’s Nippon Steel, on Thursday inked an agreement with the Odisha government to set up a 12 million tonne integrated steel plant in the state’s Kendrapada district with an investment of Rs 50,000 crore, according to a statement issued by the Odisha government.

News Source:- https://www.financialexpress.com/industry/arcelormittal-plans-new-steel-unit-in-odisha-to-invest-rs-50000-crore/2206632/