India's Largest Greenfield Steel Plant Set to Transform Andhra Pradesh
Prime Minister Narendra Modi hailed the Rs 1.35 lakh crore ArcelorMittal Nippon Steel India project as a world-class plant enhancing India's steelmaking. Andhra Pradesh Chief Minister laid the foundation in Anakapalli. The project promises jobs and positions India as a global steel leader, with production by 2029.
- Country:
- India
In a landmark event that underscores India's expanding prowess in steel manufacturing, Prime Minister Narendra Modi lauded the commencement of the ArcelorMittal Nippon Steel India (AM/NS India) project, valued at Rs 1.35 lakh crore.
Andhra Pradesh Chief Minister N Chandrababu Naidu, alongside prominent figures like Union Steel and Heavy Industries Minister HD Kumaraswamy and international steel tycoons Lakshmi Mittal and Aditya Mittal, initiated the foundation ceremony at Nakkapalli mandal.
The first phase, a Rs 70,000 crore investment, aims to construct an 8.2 million tonne annual capacity facility by 2029, heralding significant employment and regional economic advancements, while elevating India's standing in the global steel market.
ALSO READ
-
Andhra Pradesh Sets Foundation for India's Largest Steel Plant
-
AM/NS India's Steel Plant Set to Transform Andhra Pradesh Economy
-
Andhra CM N Chandrababu Naidu lays foundation for Rs 1.36 lakh crore ArcelorMittal Nippon Steel India steel plant in Anakapalli district.
-
Naidu to Launch Mega Steel Plant Project in Andhra Pradesh
-
Mega Steel Plant Foundation Set in Andhra Pradesh
Google News