ArcelorMittal plans Rs 2,000 crore investment in Odisha
2020-06-15 08:33:29 [Print]
ArcelorMittal Group is planning to invest Rs 2,000 crore in Odisha, its Group Chairman and CEO Laxmi Niwas Mittal said last Saturday. Mittal said this while interacting with Odisha Chief Minister Naveen Patnaik through a video conference.
The Rs 2,000 crore will form part of the first tranche of the company's overall investment in Odisha, and will be used mainly for augmenting the capacity of the erstwhile Essar Steel's pellet plant at Paradip and beneficiation plant at Dabuna in Keonjhar, besides development of mines.
ArcelorMittal along with Nippon Steel had taken over the pellet and beneficiation plants from Essar Steel in December last year.
The Rs 2,000 crore will form part of the first tranche of the company's overall investment in Odisha, and will be used mainly for augmenting the capacity of the erstwhile Essar Steel's pellet plant at Paradip and beneficiation plant at Dabuna in Keonjhar, besides development of mines.
ArcelorMittal along with Nippon Steel had taken over the pellet and beneficiation plants from Essar Steel in December last year.
