Arcelor Mittal Nippon Steel plant proposed for Kendrapada

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Following is an excerpt from https://pragativadi.com/arcelormittal-ni...endrapara/ 

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.

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Following are some more salient points extracted from https://tathya.in/all-out-efforts-for-am...l-complex/ .

On 4 March 2021, the Steel Behemoth had signed the MoU with the State Government for establishment of the integrated steel plant. At that time, the company had proposed to set up a 12 million tonne per annum (MTPA) plant in Kendrapara with an investment of Rs 50,000 crore.

However, in the meantime, the Steel Major has bagged two iron ore mines—Thakurani block with a reserve of 179.26 MT and Ghoraburhani-Sagasahi iron ore block with a reserve of 78.24 MT, originally bagged by Essar. So, the company may not face any raw material issues for the steel project.

... The company has now decided to double its capacity to 24 MTPA and also invest over Rs 1 lakh crore in a phased manner.  The company has planned to commence operations in 2027.

... Around 4,000 acres including Government, private and other categories of land has been identified for the project. With the help of the State Government officials, the company has completed its feasibility study for the mega project.

... AMNS India, a joint venture between ArcelorMittal and Nippon Steel, is a different entity that combines the financial strength of the Mittal Group and Japan’s Nippon Steel.

... The company has the largest single-location pelletisation complex of the country at Paradip in Odisha. The pellet making capacity in the plant has doubled to 12 million tonne per annum (MTPA).

This company 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.

Along with the steel complex, the company will also develop a downstream industry park to promote the MSMEs and help import substitution. A large Number of ancillary manufacturing companies are expected to put up their units in this region to support the huge steel making facility.

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Following is from https://sambadepaper.com/imageview_44416..._1_sf.html