12-18-2021, 02:26 AM
Following is an excerpt from https://pragativadi.com/arcelormittal-ni...endrapara/
Quote:ArcelorMittal Nippon Steel To Invest Rs 1 Lakh Cr For Integrated Steel Plant In Odisha’s Kendrapara
By PragativadiNews On Dec 17, 2021
Bhubaneswar: ArcelorMittal Nippon Steel (AM/NS) will invest more than Rs 1 lakh crore in Odisha’s Kendrapara, to set up a 24 MTPA integrated steel plant, announced Chief Minister Naveen Patnaik on Friday.
“The High-Level Clearance Authority (HLCA) headed by Chief Minister Naveen Patnaik, has approved Arcelor Mittal Nippon Steel’s (AM/NS) proposal to set up a 24 MTPA integrated Steel Plant at Mahakalpara block of Kendrapara district against an investment of Rs 1,02,275 crore, the state government said in a press note.
This mega project will generate direct employment opportunities for 16,000 persons and create significant indirect employment opportunities through ancillary and downstream industries and services.
... This facility will also produce 18.75 MT of cement annually, making it one of the largest cement manufacturing plants in the country and will boost the infrastructure development in the region.
... This mega project will get completed in 7 years in phases. The logistic infrastructure, power and water utilities and all the clearances for the project will be provided in a time-bound manner by the government agencies, which will be monitored by a “High Power Committee” chaired by Chief Secretary, Odisha.