Bhubaneswar: Odisha Chief Minister Naveen Pattnaik has announced that Japanese Steel-major Nippon Steel will set-up a 30 million tonnes per annum (MTPA) steel plant in Odisha.
He announced this after his meeting with Nippon steel President Eiji Hashimoto in Tokyo on Tuesday. He said that this will be the largest steel project in India and will generate significant employment opportunities in the state.
However, the CM didn’t disclose the size of FDI Nippon steel is planning to bring in the state.
Also it is not clear whether the announced project is a part of the steel project being planned by AMNS. ArcelorMittal Nippon Steel (AMNS) India, a joint venture between Arcellor Mittal and Nippon Steel, has already signed two Memorandums of Understanding with Odisha for the establishment of two steel mills. One of these is a 12 MTPA integrated steel plant in Kendrapada district with an investment of Rs 50,000 crore, while the other is a 7 MTPA steel plant in Jagatsinghpur with an investment of Rs 38,000 crore. Additionally, the government is expected to sign another MoU with AMNS for the construction of a high-performance gymnastics centre at Kalinga Stadium.