Odisha govt approves Arcelor plan to set up integrated steel plant
The Odisha government has approved a proposal from ArcelorMittal Nippon Steel’s (AM/NS) to set up a 24 million tonnes per annum integrated steel plant at Mahakalpara block of Kendrapara district at an investment of Rs 1,02,275 crore.
The decision was taken at a meeting of the high-level clearance authority (HLCA) chaired by chief minister Naveen Patnaik on Friday.
With this project, Odisha has garnered investments worth Rs 2.70 lakh crore in the past 12 months, creating potential employment opportunities for over 1.6 lakh persons.
“This mega project will generate direct employment opportunities to 16,000 persons and create significant indirect employment opportunities through ancillary and downstream industries and services. The approved project is the largest project in the manufacturing sector in the country,” said a press release issued by the chief minister’s office.
At its Kendrapara complex, ArcelorMittal Nippon Steel (AM/NS) will produce various grades of steel with its latest green steel-making technology. It will also produce high value added steel downstream products. 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.
The company will also develop a downstream industry park to promote a cluster of micro, small and medium scale enterprises (MSMEs) and help import substitution. A large number of ancillary manufacturing companies are expected to establish their units in this region to support the huge steel-making facility, the press release said.
The infrastructure to be developed for the Kendrapara projects facility will provide a boost to the logistics and overall development of the region. This modern, green and environment-friendly steel making facility will put Kendrapara and Odisha on the world steel map. A number of international equipment manufacturers will be stakeholders in this project and catalyse more employment opportunities to the state.
The mega project will get completed in seven 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-powered committee chaired by the state’s chief secretary.
⚫ Plan is to set up a 24 million tonnes per annum integrated steel plant at Mahakalpara block of Kendrapara district at an investment of Rs 1,02,275 crore.
⚫ With this project, Odisha has garnered investments worth Rs 2.70 lakh crore in the past 12 months, creating potential employment opportunities for over 1.6 lakh persons